2023-12-31-accounts

UK Supporting Israel for Llfe 2023 ANNUAL REPORT AND ACCOUNTS JNF Charitable Trust Company Number 355248 Charity Number 225910 . A4

'We will De there to iebuilo the sh noith an(1 south of Isiael, ensuii communities emerge stionger a resilieni. Samuel Hayek, JNF UK Chaiiman -CONTENTS CHAIRMAN'S REVIEW WHO WE ARE OUR STRATEGY OUR PROJECTS 8-31 STRUCTURE, GOVERNANCE, MANAGEMENT AND FINANCIAL REVIEW 32 INDEPENDENT AUDITORS REPORT 36 FINANCIAL STATEMENTS 39 REFERENCE AND ADMINISTRATIVE DETAILS 63

CHAIRMAN'S REVIEW Samuel Hayek, JNF UK Chaiiman For more than 120 years JNF UK has worked tir•lessly to d•v•lop th• Stat• of Israel and, since 1948, ensure Its ongolng growth and success. l am delighted to present the financial review of JNF UK'S activities for the year ended 31 Decernber 2023. At the same time as addressing the devastation caused by October 7th, Israel's needs that existed before, still remain. Our core projects boosting environment, education, health. culture, and economic development. are still critical to Israel's future. Our commitment to the land and people is as strong as ever, but we will adapt to the new challenges facing Israel. Together, we will ensure that Israel not only survives but thrives. This year will be defined by the October 7th terror attacks and in the face of this, l am proud to report that JNF UK responded with the determination that has been our hallmark since our inception. The attacks on October 7th had a heavy impact on JNF UK. Israel's peripheries, particularly the Negev region which was hardest hit, has been the focus of our work for over two decades. We have built c105e connections with many of the communities that were destroyed, especially Nir Oz where our cherished ernployee Sa9ui Dekel-chen was kidnapped and remains captive in Gaza. From the moment the crisis unfolded, our immediate focus shifted towards addressin9 the urgent needs of Israel's Gaza border communities. Our teams mobilised swiftly, channelling resources to provide immediate relief. We strengthened our partnerships with Israeli organisations, ensuring that our SUPPOrt reached those most affected. Over time. JNF UK has always been at the forefront of facing the country's challenges, from laying the foundation for a state pre-1948, to developing the land that has allowed our nation to grow and flourish, to SUPPOrting our peripheries which represent the futLJre of Israel. This crisis is no differènt. We will be there to rebuild the shattered north and south oflsrael. ensuring that these communitie5 emerge stronger and more resilient. I want to express my gratitude to all our donor5 and supporters who have not only demonstrated unprecedented generoslty during Israel's darkest hour but who remain steadfastly committed to supporting JNF UK projects that are ensuring the long-term future of the Jewish people in our homeland. I would also like to sincerely thank the JNF UK staff, and in particular the team in Israel for their diligence. bravery and perseverance in the face of such difficult circumstances. l am pleased to report that the Charity maintains a strong financial position, providing us with a solid foundation and a springboard for further expansion of our activities and charitable endeavours in Israel. Our prudent financial management ensures that every resource is utilised efficiently, maximising the impact of our efforts. Looking ahead. JNF UK 15 resolute in its commitment to supporting Israel. We pledge to stand by Israel's side, every step of the way, to secure its future with the 5arne dedication and determination as in 1948. Samuel Hayek Chairman JNF UK 2023 Annual Report and Account5

HISTORY AND HERITAGE JNF UK Charitable Trust was re9lStered with the UK Charity Commission in 1939. The Charity operates under the name JNF UK for it5 day-to-day operation5 and for several decades has been entirely independent of KKL-JNF in 15rael. The or9anisation's early focus on cultivating the land, draining swamps, and planting trees helped to lay the foundations for flourishing nation. Since then, JNFS from around the world have built reservoirs, created parks and developed land, all of which have contributed to the growth and advancement of Israel's infrastructure. Founded In 1901. KKL-JNF and Its Yarlous member organlsatlons around the world, Includlng JNF UK. have played a slgnlfl¢ant role In bulldlng and developlng the State of Israel. JNF UK'S work is contintjally evolving to meet the changin9 needs of Israel and it5 people, and as the oldest charity in the UK dedicated to developing 15rael, we are committed to tackling the environmental, social and economic challenge5 facing those living in Israel's peripheries. 2022 Annual Report and Account5

JNF UK TODAY JNF'S original vision was the Creatlon of a Jewlsh homeland In the land of our forefathers. Since then, JNF UK has played a slgnllicant part In the contlnued developmènt of the young country¥ which has flourished Into a tolerant. multlcultural. democratlc and Ilberal soclèty. Compared to Israel's well- developed centre, its peripheries are considerably less prosperous. Much of the charity's recent focus has been on the Negev in Israel's south. This vast desert region comprises 60% of Israel's total landmass yet houses barely 13% of Its population. JNF UK'S projects provide education, healthcare, employment, culture and environmental Impact. We envisage that the Negev and Galilee will be key to the future development of Israel. Partnering Wlth communities, local mayors, municipalities. and grassroots organisations. JNF UK has enhanced the lives of many residents by developing and growing these communities. JNF UK has adapted following the events of October 7th. As result of the devastating attacks and subsequent war. our focus will now include supporting the rebuild and recovery of the Negev and Galilee. JNF UK'S projects provide eoucation, heallhcaie, employment, culture anil environmental impact. We envisagethat the Negev an Galilee will be key lo the future Ilevelopment ol Isiael. JNF UK'S operations span four separate but related organisations. JNF Charitable Trust continues to support Israel's development through direct fundraising activities. including appeals and events. KKL Charlty Accounts, operating under the trading name SmartGiving'" provides charity accounts. a fundraising platform and payroll giving service. KKL Executor and Trustee Company Limited (KKL E&T) is the legacy arm of JNF UK. It was the first UK organisation in the Jewish community responsible lor the administration of estates, powers of attorney. executorship and assisting with will drafting. KKL E&T is proud of its services including professional and dependable personalised pastoral care. JNF UK Israel Llmlted comprises our Israel Team who identify, execute and oversee our projects to the highest standards. LIFE GEV 18RAJb ISBAE dA￿￿1nts• I S,

OUR ST OUR STRATEGY IS BASED ON FIVE MAIN PRINCIPLES. Holistic Vision Project Selection Direct Involvement • Social Investment Environmental Responsibility While we continue to adhere to these five main principles, following the attacks of October 7th, JNF UK'S strategy imme- diately pivoted to provide support and humanitarian aid to communities affected by the terror attacks. HOLISTIC VISION PROJECT SELECTION JNF UK'S hollstlc approach recognlses that every aspect ol a comrnunlty Is Interconneetod and that lrnprovem•nts In one area Can have a posltlve effect on others. By worklng closely wlth local rnayor5 and munlclpalltSes. JNF UK has developed a deep understandlng of the unlque needs and challenges faclng each Community and has tailored its projects and Inltlatlve$ accordlngly. JNF UK is working to create sustainable, thriving communities in Israel's peripheries. This Is evidenced in the breadth of projects in the Negev town of Kiryat Malachi described later in this report. JNF UK'S holistic vision recognises that progress is not just about building infrastructure or 9enerating economic opportunities, but about creating communities that are stjstainable. resilient and vibrant, with scope for all members to thrive. Inv•stmonls look to make the great•$t Impact whlle achlevln9 the best posslble value for money. JNF UK is looking for and investing in projects that have a Significant social impact on the local community. In a regular year, JNF UK receives hundreds of applications from OTganisatior)s who know. better than anyone, what the needs of their communities are. JNF UK rigorously assesses these proposals to select the projects which most align with JNF UK'S vision and then provides support from the planning proces5 right through to the completion of the project. 2023 Annual Report and Account5

DIRECT INVOLVEMENT ENVIRONMENTAL RESPONSIBILITY JNF UK Is more than just a gran glvlng organ15atlon- where needed, JNF UK can be dlrectly Involved In all stages of a project. ensurlng It runs as effl¢lently and effectlvely as possible. From architects and budgeting at the planning stages to cutting the ribbon upon completion, JNF UK is there to offer professional advice and supervision, if required. Over the past 120 years. JNF has dernonstrated lèadershlp In envlronmental re5ponslblllty. Example5 include the construction of reservoirs to harvest flood and rainwater for irrigation, the establishment of community gardens in neighbourhoods and schools in towns across the Negev and educating children about sustainability and preservation through various school tree plantin9 initiatives. especially around Tu B'shvat. Alongside KKL'5 major afforestation campaigns, JNF UK and other Jewish National Funds worldwide have contributed to the planting of over 250 million trees. Thanks to this long-standing tree-planting tradition,15rael entered the 21st century as one of only two countries to have a net gain in it5 number of trees. JNF UK is prouil ot its'alloed value", and Ihe support il biingsto proiects in the foim of ft-nancial an(1 strategic ailvice, law materials ano leams ol enthusiaslic volunteers. This multiplies Ihe impact of each pountl (lonated to JNF U JNF UK'S more recent-urban forestation" programme which plants mature trees in areas across Israel's Negev and southern district provides an abundance of benefits, including helping mitigate the effects of global warming and purifying the air. Each urban forest project is more than just planting. often JNF UK will irrigate the land. build 5eatin9 areas and walkways for the residents to enjoy. The trees also offer much needed shade from the sweltering desert sun across public pathways. parks and schools. Another area where JNF UK is seeking to enhance its environmental response is by installing solar panels. With this in mind. we added 365 solar panels to our Valley building in Mitzpe Ramon. SOCIAL INVESTMENT JNF UK'S long-terrn soclal Impact strategy focuse5 on projects that not only generate soclal, economlc, envlronmental and cultural beneflts but will also generate income for future relnvestment In further projects. Looking ahead, these initiatives are critical for JNF UK to continue its life-changing work well into the future. "*" 2023 Annual Report and Accounts 1 7

JNF UK SUPPORTS A WIDE ARRAY OF PROJECTS, PRIMARILY IN ISRAEL'S NEGEV REGION. THE DIVERSITY OF ISRAELI INGENUITY, INNOVATION, AND RESOURCEFULNESS IS REFLECTED IN THE MANY INSPIRING INITIATIVES IN WHICH THE ORGANISATION IS PROUDLY INVESTED AND ACTIVELY INVOLVED. OUR-ti SHOWCASING OUR WORK To Illustrate Ihe varlous aspects of our work, our projects arn categor15•d as: Td*Atr iiROJÉCTS FOLLOWING THE 7TH OCTOBER TERROHIST ATTACKS Over the past twenty years. JNF UK has built strong relationships with many of the Gaza envelope communities which were attacked, meaning our experienced team on the ground knew exactly where and how to direct our support. COMMUNITY SPOTLIGHT Focusing on Kiryat Malachi, an underdeveloped Negev town. to showcase the quantity and value of work as part of JNF UK'S holistic vision of improving the overall quality of life in the areas it supports. NEGEV THEMÉD CATÈGORIES Including projects covering education. medical, welfare and similar themes, illustrating the considerable breadth and diversity of the areas and sectors in which JNF UK is making an impact and a life- changing difference.

PROJECTS FOLLOWING THE 7TH OCTOBER TERRORIST ATtACKS IMMEDIATE ASSISTANCE TO KIBBUTZIM URGENT SUPPORT FOR RESCUED FAMILIES FROM THE SOUTH The day following the atrocities of October 7th. JNF UK'S team on the ground immediately contactèd survivors from the communities attacked near the Gaza border who had been rescued and evacuated with nothin9 but the clothes they were wearing. JNF UK distributed emergency funds to families who had lost everything. supporting hundreds of people from over 20 communities. including Kibbutzim Kerem Shalom. Nir Yitzchak. Holit. Sufa, Magen, Nir Oz. Nirim, Ein Hashlosha. Kisufim. Reim, Alumim. Nahal Oz. Mefa15im. NIT Am. Erez. Karmia and Netiv HaAsara. In the aftermath of the attacks, JNF UK together with KKL-JNF Israel provided urgent support and hurranitarian aid to rescued families from the south. Survivors were placed in temporary accomodation such as hotels and other kibbutzim acr055 Israel. away from areas under fire to give them a safe space to begin to recover. and the time nd peace to collect themselves and consider their next steps. KKL-JNF launched a series of educational and recreational activities for children. providing them with much-needed respite. These activities included musical show5, arts and crafts, and guided sessions, providing a nurturing and empowering environment for children and families who had been traumatised and desperately needed some relief. Aid provided by JNF UK helped purchase the most basic items, such as toiletries. clothes. shoes. and other essentials. PROJECT IR MIKLAT (RENOVATION OF BOMB SHELTERS) In the days that followed the attacks. JNF UK'S Israel team and partner Osim Shchuna initiated the emergency project Ir Miklat. Our experience with working with Osim Shchuna and the regions, meant that we were acutely aware of the dire need for a programme to reactivate thousands of disused corr)munal bomb shelters in apartment blocks in anticipation of future rocket attacks across the whole country, especially in the north and south. Without these shelters, men, women and children would have to Use makeshift shelters such as stairwells or anywhere else they could find. JNF UK and Osim Shchuna recruited thousands of volunteers to V151t and map out the bomb shelters across the country. Thousands of shelters were deemed unusable and required clearing, cleaning and renovating. Many shelters did not have running water or electricity which had to be urgently installed. Through Project Ir Miklat, we provided over 4,000 functioning shelters. potentially saving hundreds of thousands of lives. 2023 Annual Report and Accounts

PROJECTS FOLLOWING THE 7TH OCTOBER TERRORIST ATtACKS ASSISTANCE TO THE RESIDENTS OF ASHKELON Located close to the Gaza border and enduring heavy rocket fire, the city of Ashkelon suffered many casualties at the beginnin9 of the war. Funding from JNF UK was used to help families who had been bereaved with immediate Èmotional and financial support. It also ensured children and youth who could not access outdoor spaces in the city due to rocket fire were supported with respite activities. JNF UK funded the equipment that was used during these respite sessions which took place in around 1,000 buildings around the city each week. Once the situation in Ashkelon stabilised and the residents were largely back to their routines, JNF UK, emergency resplte support came to an end. JNF UK then pivoted to support an educational programme to help Ashkelon's youth develop mental resilience. CHILDREN'S ACTIVITY PACKS The attacks on Israel that started on October 7th sent thousands of Israeli families into bomb shelters and safe rooms. Residents of the south especially. being under constant rocket fire, could not leave their shelters for days. Volunteers from JNF UK-supported leadership programmes distributed over 4.500 activity packs to children in southern towns including Netivot, Ashkelon and Ashdod. The kits included arts and crafts, games. and toys. They provided some much-needed relief. ASSISTANCE TO HOLOCAUST SURVIVORS JNF UK joined with previous partner The Foundation for the Benefit of Holocaust Victim5 in Israel to support holocbust survivors during the war. Emergency kits were distributed to many survivors living in the south who were constantly targeted by Hamas rockets and so could not leave their bomb shelters for several days. Food baskets were also delivered to survivors, homes as many of them were unable to walk far, carry heavy groceries or live in areas where food supply was limited at the start of the war. In total. around 5.500 food baskets and 2,500 emergency kits were distributed. io 1 2023 Annual Report Accounts

PARTNER ORGANISATIONS Following October 7th. some of JNF UK'S partner organisations that are mentioned later in this report redirected their activities to provide crucial assistance where it was needed most during this period. Yad Tamar Yad Tamar which facilitates support for Since the current war started. Mccann cancer patients and their families, mobilised Erikson. who rent office space in the to help traumatised families in communities JNF UK Business Valley in Mitzpe Ramon, throughout the south and expanded has been providing workspace for 20 its team so that it could respond more evacuees from Kibbutz Erez who are effectively. temporarily housed in Mitzpe Ramon. All the employees live in Miztpe Ramon. with salary levels similar to central Israel. They also receive a NIS 1,000 rental grant from Mccann Erikson. The Valley Tenufa Bakehila (Building Hope) Tenufa Bakehila's home-repair work slowed down so the organisation quickly pivoted to help the thousands of families in Israel who were exposed to the threat of missiles by repairing 90 bomb shelters. Derech Eretz 200 Israeli teenagers across the five cohorts of the Derech Eretz Leadership programme in the Ne9ev markedly increased their volunteering work to contribute to the relief efforts of the country. They assisted farmers with picking and planting crops, provided educational support for displaced communities at several locations, and organised respite activities for local communities. These included sports events, communal Kabbalat Shabbat and children's after-school activities. SAHI The events of October 7th and Subsequent war created severe crises amon9St teenagers. During this period there was reported rise in violence, substance abuse, alcohol, and drop-out rate from temporary schools. SAHI responded and from November to December 2023 the organisation, dedicated to turning Israeli at-risk youth into community activists, formed multiple new volunteer groups which adapted to meet the needs of those who were evacuated from their homes. They gathered weekly and discreetly distributed food packages to families and the elderly in need. Gvahlm This Israeli non-profit which focuses on helping new immigrants to build successful careers, set up a new emergency financial assistance programme to support those who lost their jobs due to the war. aiding more than 300 families. 2023 Annual Ileport and Accounts I 11

PROJECTS FOLLOWING THE 7TH OCTOBER TERRORIST ATtACKS JNF UK also partneved wlth several other organisations to provide aid and rellef to the resldents of Israel who were affected by the October 7th attacks and subsequent war. includlng: Urgent humanitarian assistance to resident5 in the south and other areas under fire. Support to or9anisations that provided essential services to families in conflict areas and helped the most vulnerable members of Israeli society. such as at- risk youth. the elderly. and Holocaust survivors. Mental health assistance and treatment for the many who experienced trauma. The provision of housing, medical supplies, clolhing, food, water, and other essential emergency supplies for the benefit of those in need. displaced. or otherwise affected by the ongoing crisis. Thousands of cooked meals to families evacuated to Jerusalem as well as ctivities for their young people. Help evacvating adults and families of children with special need5 and physical disabilities who found it extremely difficult to navigate their way Quickly to bomb shelters. We helped to find these individuals and families acce55ible ccommodation away from the front line and to transport them there. We also funded emotional and professional support to help these families and children come to terms with the emergency situation as well respite for children who had bèen wounded and who had to be hospitalised. THE FUTURE: STRENGTHENING, HEALING AND REBUILDING Towards the end of 2023 the emergency situation began to ease and JNF UK shifted its focus on projects aiming to strengthen. heal and rebvild Israel and its people. The projects supported in 2024 will be wide ranging and will provide assistance to everyone, young and old, affected by the terror attacks. whether or not they experienced them first-hand. 12 1 2023 Annual Report and Accounts

COMMUNITY SPOTLIGHT KIRYAT MALACHI Sltuated on the northern edge of the Negev. Klryat Malachl Is a development town in the south of Israel with a population of 28,500 and soclo*conomlc ratlng of Just 4 out of 10. The town'5 demography Includes many 011m (nèw Immlgrants) from Ethlopla and the fomièr Sovlet Unlon. Since 2014, JNF UK has been committed to transforming Kiryat Malachi. We have embraced a holistic approach focusing on multifaceted development to enhance the town and the residents. quality of life. Through these combined efforts, JNF UK not only addresses immediate needs but also lays the groundwork for sustainable. long-term progress in the town. From the outset of JNF UK'S support. the town has grown in population from 23,750 in 2015 to 28.542 in 2023, with some significant and large residential developments in the town to accommodate this growth. The percentage of residents in receipt of welfare provisions has reduced frorn 40% to 17% over the period further strengthening the town and improving its future prospects. 51)1lly i)N?Dniii? RENOVATION AND UPGRADE OF THE TOWN'S MAIN SQUARE The main square of Kiryat Malachi comprises a single-storey group of buildings which were old, dilapidated and in need of major renovation. As with the town entrances which JNF UK renovated in 2021/22, such neglected public spaces contribute to the r)eg&tive perception of the town by both its residents and visitors. Illl! , JNF UK is committed to supporting the renovation of the main square as part of a larger strategic partnership that will generate a long-term impact, improving the lives of all the residents of Kiryat Malachi over the coming years. Desplte delays due to the ongoing war. during 2023, the majority of the construction was completed and this project Is scheduled to be finished by the end of 2024. Work in 2023 included adding new flooring. modernisin9 shop facades and adding bright and contemporary shaded panels above the main square. 2023 Annual Repcrt ￿ Attwnts l 13

COMMUNITY SPOTLIGHT RENOVATION OF THE MUSIC AND DANCE CENTRE JNF UK has committed to renovating the Music and Dance Centre in Kiryat Malachi, which hosts dance classes for 160 students and a music school for 110 Students. The current building is nearly 40 years old and in dire need of renovation, including new dance floors and acoustic rooms. The structure of the building also requires upgrading to meet safety and accessibility standards. This renovation project will span 6.500 sq.ft and will include a seventy- seat concert hall, six private rehearsal rooms. two rooms for group music ensembles, a large central hall for class concerts. and two large dance studios. All areas will be fully equipped and completely renovated. Work was due to start towards the end of 2023, however, due to delays caused by the war it is expected to begin in 2024. EARLY EDUCATION: RENOVATION OF KINDERGARTENS Kiryat Malachi's kindergartens are old and many have fallen into disrepair. 2023 saw the continuation of the kindergarten renovation project which started in 2015. The aim of the project is to renovate over 40 run-down kindergartens across the city, ensuring that every child has access to high quality facilities. This ambitious project involves significant planning as well as renovation work inside and outside the kindergartens, including painting and decorating, fitting air conditioning units. repairing roofs, fixing toilets and installing playground equipment. To date, more than half of the work has been completed. JNF UK plans to complete all the works to the kindergartens by the end of 2024. ,,* Il y,lft { 14 1 2023 AJbryJal Rewrt and Atcounts

NEW DAY CARE CENTRE- KARMEI HANADIV As well as the prolects Ilsted above. completed JNF UK projects In Klryat Malachi include: Building a Young Adult Centre offering careers advice. training and guidance. Updating the Èntrancès to the town and creatin9 a new promenade. Building The House of Excellence a State-of-the-art educational facility providing extracurricular tuition for students who need help to achieve their full potential. Upgrading a community centre and club for the hearing impaired. Development of a community park in the rundown neighbourhood of Kibbutz Galiot As well as old buildings in disrepair, Kiryat Malachi has a chronic shortage of early years daycare facilities. The new Karmei Hanadiv neighbourhood houses 1,000 young families. with a further 2,200 homes in the building or planning phase. Until JNF UK stepped in, there were no daycare provisions to cater to the needs of these new families. In 2022. JNF UK pled9èd to establish a new day care centre in Karmei Hanadiv accommodating up to 80 children. In 2023. the building work wa5 completed and the centre is now operational. The centre rtsns classes tailored for babies and toddlers and includes a gymnasium complex. outdoor courtyard and playgrounds to promote healthy child development. Renovations of various sports halls including in Amit High School and Eli Cohen Primary School. Updating Amit High School including extensive work to the outdoor areas. Each one of JNF UK'S projects in Kiryat Malachi, past and present, has significant positive impact on the city's prospects. By focusing on several varied projects. all within the same town, the progress we bring is more than the sum of its parts. An across-the-board effort in each town helps enhance life for different social groups, improving the overall quality of life for the entire town nd attracting new families to live there. 2023 Annual Reprrt a￿1 Accwnts 1 1$

THEMED CATEGORIES urAITU YAD TAMAR Established in 2009. Yad Tamar aims to assist cancer patients and their families by helping strengthen their emotional well-being and economic stability. Their HUG Model (Help. Understand. Give.) for patients suffering long-term illness, draws Ljpon the goodwill of the PLJblic to help by empowering the broader community to become the front line of support in a way that is kind, effective and non-intrusive. JNF UK has funded Yad Tamar since 2017, enabling the charity to expand its operations and provide social relief and assistance to more families. In 2023 The organisatior) supported 1.400 familie5. including 200 that were directly impacted as a resull of the war. PUBLIC PARK IN BEIT JANN The Druze village on Mount Meron in northern Israel suffers from a lack of public areas such as parks and playgrounds, with the closest recreational space situated a car ride away. As many of the female residents do not drive, they don't have the means to access these facilities for their children nor to socialise with other mothers. JNF UK is funding the development of a new park in Belt Jann which will include playgrounds and picnic tables and will be a place where farnilies can connect and children can play. Work was 4, expected to be completed j*J in 2023, but there have been delays due to the war, and ".7 completion Is plar)r)ed for 2024.

wri fAnr WELFARE SAHI SAHI - (Special Hessed Unit). is an inspirational initiative that enlists thousands of at-ri5k Israeli youth to help those in need, thereby positively impacting Israeli Society. SAHI Youth Units. in over 40 locations across Israel, meet weekly to secretly distribute over 2,000 food parcels to families in need and the elderly. During the holiday season this increases to around 7,000 families. 2023 was another year of expansion for SAHI which was dedicated to strengthening their existing Youth Units across the country as well as progressing with their pilot groups in schools. The groups across the country engage with about 1.500 youth. aged l3- 18, from diveise backgrounds, including Orthodox, Ethiopian. secular. and youths with special needs, longside hundreds of community volunteers. and hundreds of alumni who engage in weekly sessions of community volunteering. Between October- December 2023. at the height of the war, SAHI youth and volunteers distributed rnore than 40,000 packages to people in need including urgent items such as baby food and nappie5. TENUFA BAKEHILA (BUILDING HOPE) Tenufa Bakehila transforms the lives of people living in dangerously dilapidated homes. Professional tradesmen and volunteers address maintenance issues in these homes, such as repairing burst pipes. fixing hazardous electrics and replacing ceiling5 often on the verge of collapse. while dedicated social workers address the wider issues preventing farnilies frorn becorning self-relibnt. JNF UK began supporting this organisation in 2017 and has assisted in the renovation of hundreds of homes in places such as Sderot. Kiryat Malachi and Ashkelon, which in turn, has helped restore dignity to around 2.500 people. In 2023 Tenufa Bakehila renovated 572 apartments including 180 home5 in the south. 2023 Annual Report arKI Accounts 1 17

THEMEO CATEGORIES NERADIM VILLAGE IN ARAD- EXPANSION OF THE EMERGENCY CENTRE The Neradim Village in Arad serves as a haven and loving home for approximately 90 at-risk children, who have suffered poverty, neglect, violence or abuse. The Emergency Centre. located within the village. is an immediate-care secure unit for children aged 3-13 years old. These children arrive at short notice having been urgently removed from their family homes due to life- threatening circumstances. The facilities are situated in an old temporary building. Wlth insufficient treatment rooms. and classrooms which are too small to accommodate the residents. In 2022 JNF UK agreed to fund the construction of a new building that will provide five new treatment rooms, two classrooms, a computer room and a relaxation room. As part of the project. the area surroundin9 the new building will be developed into a playground and garden. Since the children in the centre are not allowed to socialise with other youngsters in Neradim, to ensure that their location is kept confidential, the need for these outdoor recreational areas is vital. Work commenced in 2023. Despite delays due to the ongoing war and construction workers being called to military reserves. the new emergèncy centre facilitie5 will be operational by September 2024. with help from JNF UK'S Rosh Hashanah Appeal donors. 18 1 2023 Annual Report and Accounts

SOUP KITCHENS JNF UK has been assisting with the running costs of three soup kitchens. Be'er Sova Soup Kitchen is located in Be'er Sheva, supplying hot, nutritlOU5 and healthy food daily to the needy of Be'er Sheva and the surrounding area. Be'er Sova is the only organisation in the city providing freshly-prepared meals and currently serves approximately 400 hot meals every day. Recipients are referred to Be'er Sova by local welfare authorities and are dependent on the charity for food. Sadly. this includes around 50 Holocaust Survivors. In 2021. JNF UK made a three-year commitment to the Soup Kitchen. Latet B'Eilat Soup Kitchen in Eilat assists the city's low- income population. Their building was renovated with JNF UK'5 Support in 2016, and in 2018 thanks to JNF UK'5 donation, a van was purchased to collect surplus food from Eilat's hote15 and distribute it to the needy. with maximum efficiency. Merkaz Hachessed (The Chessed Centre) operates several programmes to support Sderot's needy residents. including distributing weekly food baskets and running a soup kitchen. The soup kitchen is open five days a week and Prepares 100 meals daily. It is a meetin9 place for many of Sderot's elderly. who come to eat their only warm meal of the day as well as en9age with their peers to relieve their loneliness. CONSTRUCTION OF AFTER-SCHOOL CENTRES IN YERUCHAM - MOADONIOT Moadoniot (or after-school centres for at-risk children) are a nationally accepted and proven alternative to removin9 at-risk children from their family homes. The project aims to serve as a "second" home to these children a safe and welcoming place to enable each child to remain within their home environment and the community whilst they are growing up. Moadoniots provide children with hot meals, help with homework and the opportunity to enjoy stimulating leisure activities in a protected and safe space. A comprehensive. bespoke therapeutic treatment programme is designed for each child and their family. In Yerucham, the three existing Moadoniot operate within three small. old apartments which are unable to meet the specific needs of the young children that they serve. In 2022, JNF UK committed to establishing two Moadoniot. each measuring approximately 2.000 sq.ft. They will consist of a living room. a bathroom. a kitchen. a learning room. two activity rooms and a treatment room. In 2023, progress was made in the planning stages of this project with preparations being made for constructior) to start in 2024. Delay5 caused by the war have slowed down the process. 2023 Annual Report and Accounts l 19

THEMED CATEGORIES HOLOCAUST oiiniiiiinRS PROJECT CONNECTED Israel has the largest Holocaust survivor community in the world, but many of them suffer from financial challenges and isolation. Through its partnership with Project Connected, JNF UK aims to combat loneliness by bringing together teenagers and Survivors to form meaningful and enduring relationships. As part of the initiative, Holocaust survivors are supplied with a home computer. Teenage volunteers v151t the survivors. homes to provide computer training, including useful programmes such as Microsoft Word, navigating the internet and using different social media platforms. This project is a lifeline. It not only helps Survivors acquire new skills but also connects them to the outside world and the wealth of information and entertainment that the internet can offer. Further funding was approved in 2023 tQ Support the project for another year. To date, JNF UK has funded comouters and arranged weekly vislts from volunteers for over 240 holocaust survivors. i-ll j,

THE IMMEDIATE ASSISTANCE FUND Despite receiving monthly pensions and other welfare benefits, approximately 25% of Holocaust survivors living in Israel face significant financial Shortfalls. In 2022, JNF UK committed to funding The Immediate A551Stance Fund, which provides micro-grants to Holocaust survivors in need. to cover bills, debt relief and provide other essential items like hearing aids. medicines, electrical items and basic furniture. In 2023, thanks to JNF UK'S support, the orgarnisation was able to asslst an additional 57 survivors bringing the total number of those supported to over 400. OLIM AND 'IGEES GVAHIM GVAHIM Established in 2010, Gvahim is a non-profit organisation that assists Olim from all countries to promote their professional ski115 to potential ernployers. which is critical first step towards successful integration into the Israeli workforce. Every year, about 20,000 to 30,000 Olim arrive in Israel. approximately a third of whom are classed as being highly skilled or having an academic background. Recently the numbers arriving have significantly increased due to the situation in Ukraine and Russia and rising antisemitism in Europe and America. JNF UK helps to fund training courses and mentoring schemes. Over the past 12 years. more than 5.800 individuals have been supported. In 2023 alone. 450 Olim and their families were supporled.

THEMED CATEGORIES DEKALIM HIGH SCHOOL Dekalim Hiqh School in Be'er Sheva 15 a specialist school for children aqed 13 to 21 with special needs from across the Negev. Although it can only accommodate 74 students, high demand for its services means the school odmitJ 110 atudcnta in an ucodcmic ycor. The students suffer from a variety of conditions, including autism, cprpbral palsy and a range ot other physical disabilities. In addition to the school's academic Drogramme, the students are supported Lv iiil¥yidLv iiiLu sviieLy. D¥kdliiii Hiyli SLliuvl LuILivdL¥s suLidl dl ILI wui K skills that further enrich the lives of the stvdents and their communities. All the services are provided within the school, overcoming the need to travol long distancos, accossibility ch311gn90s, and limitod availability of clinics olsowhere in th@ N@gev. Having all thos@ services under on@ roof is life-changing for the students and their families. JNF UK ha5 committed to buildinq a new 9.000-5o.ft buildinq that will include a multi-purpose hall and various treatment roorns. This will enable the sch¢)ol to accommodate even more students and provide additional life-chan9ing services. In 2023 the buildin9 plans wei"e finalised with the architect and the relevant permits were applied for. Construction will commcncc in 2024. 22 1 2023 Annual Report and Accounts

ESTABLISHMENT OF THE AKKO HOUSE OF EXCELLENCE Akko (Acre) is one of Israel's most ancient cities. with a mixed population of over 49,000 people. The city is in Israel's northern periphery and faces many social. economic. and educational Challenge5. exacerbated by its location. Following the success of the Hou£e af Excellence built In Kiryat Malachi. In 2021. JNF UK committed to establishing the Akko House of Excellence to enhance the city and provide a Secure state-of-the-art facility for Its youth. The House will comprise five cla55rooms, a multipurpose hall, a meeting room ond o unique experiential leorning hub. The multipurpose hall is designed to accommodate about 90 people and will be used for workshops. lectures, performances and film screenings. The entire facility will extend over an area of 8.500 sq.tt nd will hl%rt hp. he.e.è.<<ihlp. trt p•.rtDlp with di*ahilitip.<. The wLirk started at Ilie beyiiiiiirig 012023. De5pile delays due to the war, the project is expected to be completed in 2024. 2023 Annual Report and Accounts 1 25

THEMED CATEGORIES RII4GIPIG LIFE TO THE IEGE'I .¥ii' LLMULIIVIIII MIIU DERECH ERETZ - (YOUTH LEADERSHIP PROGRAMME) Derech Eretz 15 a leadership programme aimed at developing the capabilities of teenagers from Israel's social and geographic peripheries. The programme inspires porticipants to take responsibility for their lives, laying the groundwork for a life of personal fulfilment. success and giving back to the community. Since it5 establishment in 2011. Derech Eretz has achieved steady and sustainable growth. increasing from 23 students on one campus to 225 students across five campuses. In total 1,500 young people have participated in various programmes. JNF UK has actively supported Derech Eretz since the beginning, playing a key role in the creation of their campuse5, and has committed to continue supporting the organisation in 2023. including their activities to contribute to the relief efforts of the country following October 7th. 24 1 2023 AnThJal Report and Accounts

OSIM SHCHUNA Osim Sh¢huna. which translates to 'building neighbourhoods,, is a non-profit organisation whose primary objective is to improve the social. communal and physical conditions of underprivileged neighbourhoods in cities across the country. It empowers local youth to volunteer and take ownership for their own local community. 05im Shchuna target5 the most vulnerable neighbourhoods and carries out its activities through four programmes.. l. Building Communities.. involves renovating and upgrading neglected communal areas in underprivileged neighbourhoods with the help of residents and volunteers. 2. The Night Watch.. founded by young leaders within the neighbourhoods and aims to reduce crime. alcohol, and drug abuse among the youth. 3. Renovating Bomb Shelters.. teams of volunteers work towards repairing and reopening neglected bomb shelters in many communities. 4. Leadership Development Seminars.. offer empowerment workshops and trips to youth from vulnerable neighbourhoods, empowering them to become agents of change and local leaders. JNF UK has been supporting Osim Shchuna since its early stages and in 2023, this inspiring organisation was the Subject of JNF UK'5 Green Sunday Appéal. .,ii i+ ! .*ri DIY VOLUNTEERING PROGRAMME JNF UK recognises the vital role played by volunteers in the building of Israel and their importance in the future success of the Jewish Stale. To this end. JNF UK launched a professional volunteering programme. This innovative scheme involves enlisting volunteers to work on JNF UK projects, often with the project beneficiaries as volunteers themselves. The programme provides an opportunity for the volunteers to make an immediate and lasting contribution to Israel's success. strengthens their connection to the land and helps develop their teamwork skills. In June 2023. we held a renewal day to upgrade Kibbutz Sufa and imrjrove its education facilities. We upgraded the young adults, dormitorie5. education facilities. swimming pool. dining hall and the local leadership programme's campus. Together with over 100 volunteers from the Kibbutz, we built pergolas, decks and benches. We planted grass and plant5 and painted wa115. The day wa5 hugely productive and a great success thanks to the commitment and partnership of the residents. Tragically on October 7th. Kibbutz Sufa was amongst the many communities brutally attacked. In 2023. 141 volunteer days were carried out with the aid of 1,939 volunteer& 2023 Arnwl Report and Accounts 1 25

THEMED CATEGORIES buMN DEI,". MERCHAV AM COMMUNITY CENTRE Merchav Am. located in Ramat Negev. is a growing peripheral community established in 2001. Currently, 550 people including around 100 families live in Merchav Am with many having made Aliyah from all over the world. The community has limiled public infrastructure and lacks a suitable space for the community to be able to gather to celebrate births. and other important life events. JNF UK has committed to renovating and equipping the Merchav Am Community Centre adding a multipurpose hall. kitchen. bathrooms, acoustic ceiling, furniture and providin9 wheelchair-accessible areas. In renovating this key hub, JNF UK will help Merchav Am to become a viable and desirable location for new families and Olim to live. The project was due to commence in 2023 but as a result of the war is expected to start in 2024. AFFIKEI OROT Located in the northern Negev, Ofakim is a city of around 28.000 residents, and has gained the reputation of an economically depressed city. It has one of the highest rates of unemployment in Israel. A high percentage of its residents are supported by the Welfa￿ department and hundreds of families receive aid, including food. Gar'in Torani Affikei Orol was established 20 years ago to instil Jewish education among local children and their families. The organisation operates a variety of social. communal and educational programmes across the city and works with all sectors of society. JNF UK committed to building a new centre in the heart of Ofakim which will allow the organisation to operate and expand its social and educational programmes under one roof. The construction of the project began in 2022, and was expected to be completed by the end of 2023. but as a result of the war has bèen delayed. so the projèct is now due to be completed towards the end of 2024. 2023 Annual Report and Accounts

CONNECTING TO ISRAEL A key part of JNF UK'S mission is fostering a strong relationship between communities in the UK and those in Israel, in particular by showcasing the remarkable impact that donors, contributions make. TRIPS AND MISSIONS Each year JNF UK run a number of trips and missions aiming to strengthen parti¢ipantS' connection to Israel and to JNF UK. As well as touring historical sites and other important places, participants visit the Negev and meet local residents who Share their personal experiences including the challenges they face living in the desert and under the constant threat of terror. The groups also visit JNF UK projects to witness first-hand the impact their donations have made in the region. Often the itinerary will include meeting inspiriT)g leaders and pioneers who are helping to create a better future for the people living in Israel's underdeveloped peripheries. JNF UK held two successful day trips to the Negev in March and September 2023. The 2023 Pesach trip visited Kiryat Malachi where JNF UK'S projects can be seen all over the town. Participants on JNF UK'S Succot trip met with members of the Mèrchav Am community and learnt about how JNF UK is making the town a more viable and desirable place to live. 2023 Annual Report and Accounts 1 27

THEMED CATEGORIES JNF UK FELLOWSHIP PROGRAMME Launched in 2021. October 2023 saw the start of the second JNF UK Fellowship programme. This elite programme consists of nine impactful sessions that will deepen the participants, connection to Israel, enhance their leadership and aévocacy skills and expose them to the amazing work of JNF UK in Israel. The sessions feature IT)fluential leaders and advocates and provide a comprehensive understanding oflsrael's challenges and opportunities. A key highlight of the 2023/24 programme was a two- day conference focusing on intensive leadership and advocacy training. This included visits to the Houses of Parliamenl and the Israeli Embassy, including discussions with Israeli Ambassador, Tzipi Hotovely and other key speakers. The 2023/24 programme ends in December 2024 with a graduation ceremony. It also includes a five-day trip to Israel to visit key sltes, meet influential Israelis and witness first-hand the vital work of JNF UK. 4•. 28 1 2023 AnThJ31 Repyt and Accounts

LONG-TERM onpiAI IMPA THE VALLEY (JNF UK ROBURN BUSINESS CENTRE) AND THE LAB With the vision of creating job opportunitie5 in the Negev. JNF UK constructed 'The Valley,, a state-of-the-art business centre in Mitzpe Ramon. named after John Roburn, an important JNF UK donor. The Valley, which opened in early 2018, provides office space for firms who operate In digital marketing and new media. It attracted a Fortune 500 company - global advertising agency Mccann Erickson. This increased the number of higher-paying roles and in turn the levels of disposable income. resultin9 in a positive net economic gain for the region. Mccann Erikson started with 15 employees located in The Valley but in 2023, despite Covid-19, a war and other challenges, they employed over three times as many with è maximum number of staff reaching 48. Over the years, 46 families of Mccann employees have decided to make the remote desert town their home. Mccann Valley has been heavily engaged with the local community, creating social and educational impact. Thanks to further JNF UK funding. The Valley also operates a Makers Lab Programme for more than 160 school students who arrive weekly and gain experience in the advertising industry, using 3D printers, professional cameras and more. 2023 Annual Rew)rt and Accounts 1 29

THEMED CATEGORIES MINDCET FLATS MindCET is a hub of innovation and development in the field of education technology (EdTech), pioneering the use of the latest technology to benefit the teaching sector and encouraging research and development projects on its campus in Yerucham. JNF UK purchased flats which have been renovated to a modern, high specification as the residences previously on offer were substandard and deterred people from applying to the programme. Not only do these flats help attract young talented individuals to the programme, they also in turn help to energise Yerucham's population as programme participant5 and their families integrate into community life. As with other JNF UK social impact projects. the rents, while set below market levels, generate funds for investment into other JNF UK projects. FLATS FOR NEW OLIM The development of the Stale of Israel relies heavily on new immigrants ('Olim' in Hebrew). Settling in a new country cbn be challenging, resulting in many Olim ultimately returning to their country of origin. JNF UK identified that offering accommodation at subsidised rates eases the process of establishing oneself in a new country and, coupled with support to integrate into Israeli society, significantly reduces the risk of failure. The income generated will be invested back into JNF UK'S projects. making it a mutually beneficial solution for JNF UK, the Olim and the development of the State of Israel. 11 11 JNF UK'S new apartments in Karrnei Gat were offered to some of the families who had to evacuate their homes in Kibbutz Nir Oz following the October 7th attacks. JNF UK quickly refurbished and furnished them to make them as comfortable as possible for these evacuees. These new homes provide a safe and secure place and enable thè residènts to continue to live together as a community. 30 1 2023 Annual Report and Accounts

ORR SHALOM HOUSE Orr Shalom is a non-profit organisation that provides foster homes for neglected or at-risk children. Their mission is to provide suitable families to foster up to 12 children at a time. To take on th15 number of youngsters requires a large house, renovated specifically for this purpose. In most cases. the families live in rented accommodation which leaves them vulnerable to rent increases or eviction. Finding a new property adequate to accommodate a large foster family 15 very challenging. Hence in 2019, JNF UK stepped in to alleviate this need by purchasing and renovating a foster home in Ashkelon. Since then, the building has continued to house a family including ten foster children. providing them with a safe and stable environment, whilst also generèting rent for JNF UK, which is invested into other projects. In 2023, JNF UK purchased another house in Ashkelon, which is now up and running. 2023 Annual RepLYt A￿Thts I

STRUCTURE, GOVERNANCE, MANAGEMENT AND FINANCIAL REVIEW Governing Document The company is a registered charity and a company limited by guarantee, without share capital. incorporated on 21 July 1939. It is governed by its P4emorandum and Articles of Association. the most recent version of which was adopted on l November 2022. A Chief Executive is appointed by the Trustees to manage the day-to-day operations of the Charity and is supported by a Senior Management Team consisting of the Finance Director. the Director of KKL Executor and Trustee Company Limited, the Director of JNF UK Israel and the Senior Marketing Manager. The Trustees and Senior Management Team are supported by the following committees.. Appolntment of Trustees As set out in the Articles of Association the Chairman and up to two Vice-chairmen are elected by the members for a term of up to three years. Up to two Treasurers are aPF)oinled by re501ution of the Trustees for a similar period. The foregoing (together with the Chairman of the Charity's subsidiary KKL Executor and Trustee Company Limited) comprises the Honorary Officers of the Charity. Vp to 19 Trustees comprise the Board of Trustees of the Charity. Trustee terms are set at three years, after which Trustees retire by rotation at the AGM. They can be re-appointed for a maximum of five further terms by a majority of Trustee Flnance and Management Commlttee The Finance and Management Committee comprises the Chairman, the Treasurer, three additional Trustees, the Chief Executive and selected members of the Senior Management Team. The Committee meets approximately six times per year and has been delegated certain decision- making powers by the Board. It discusses all financial matters relating to the Group. Investment Commlttee Thi5 Committee meet5 at least once a year and discusses issues relating to UK and Israeli investments and liquid resources. The member5 of the Committee include the Chairman, Treasurer, Chief Executive, Director of JNF UK Israel and Finance Director plus at least one other Trustee. Trustee Inductlon and Tralnlng New Trustees undergo an orientation process to brief them on their legal obligations under charity and company law, the content of the Memorandum and Articles of Association, the committee and decision-making processes and the recent financial perforrnance of the Charity. During the induction period, they meet key employees and other Trustees and are given the Charity's risk register. its policies and other relevant financial and non-financial documents to review. Projects Committee This Committee receives and considers requests for new social impact projects in Israel, deciding how the application fit5 in with the medium to long-term plan of JNF UK and how much to allocate from both existing funds and potential future fund5. Thi5 takes place at the annual Project Committee meeting, attended by all Trustees. the Chief Executive and two members of the Senior Management Team. Each potential project must receive a majority of Trustee votes before 3 grant can be awarded. All Trustee decisions are formally minuted. Organlsatlon The Board of Trustee5, which can have up to 19 members, administers the work of the Charity. The Board meets not less than quarterly and there are sub-committees which meet mo regularly. 2023 Annual Rerx)rt and Accounts

Criteria for the assessment of projects are Related Parties contained in the Charity's Project Criteria Policy KKL Charity Accounts is a connected party. and summarised as follows.. Most of its board members are also on the Projects can only be for charitable purposes as board of JNF Charitable Trust. Their results are set out in the Charity's Articles. consolidated Into JNF Charitable Trust's results. Projects must be charitable under UK law KKL Executor and Trustee Cornpany Limited is and must comply with all relevant legal and a wholly owned 5ub5idiary of the Charity and regulatory constraints both in the UK and Israel. operates a will writing and executor5hip service (in its capacity as a Trust Corporation) and the Projects may be anywhere in Israel but Charity's legacy admirnistration. JNF UK Israel preferably in the peripheral regions {i.e. the Limited is a wholly owned subsidiary, which Negev and Galilee). sources and manages the JNF UK'S projects in Projects shall not be over the "Green Line" Israel. 95 Church Road Hendon Limited is a wholly (defined as the 1949 armistice lines established owned subsidiary that owns the Charity's new UK between Israel and its Arab neighbours in the head office and associated property costs. aftermath of the 1948 War of Independence). The contribution and support of JNF UK and its donors will make a significant difference to whether the project is implemented and succeeds. Internal Control and Risk Management The Trustees have overall responsibility for the Charity's systems of internal control designed by Senior Management to ensure effective and efficient operations. including financial reporting, and compliance with laws and regulations. In establishing and reviewing the 5yStem of internal control, the Trustees and Senior Management have regard to the materiality of relevant risks. the likelihood of loss being incurred and the cost of control. A risk assessment report and risk register are produced and reviewed by the Trustees at least annually. Key managers and staff are consulted to ensure that all areas of risk are identified and managed appropriately. The Charity is committed to a policy of identifying. monitoring and managing the risks that might adversely affect its activities. In this context, risk is defined as the potential for loss. financial and reputational, inherent In the environment in which the Charity operates and the transactions undertaken. The Trustees believe that an appropriate review of risks is necessary, that risks are ranked and periodically reviewed, and that appropriate action is identified to mitigate the consequences of the risks. To this Education Committee end. the Trustees meet annually to review the risk register and grade the risks identified according This Committee meets annually to discuss issues to their likely severity and probability of related to educational projects and the JNF occurrence. The most serious risks are discussed Fellowship programme. Members include the at Trustee meetings to ensure that all possible Chairman plus one Trustee, the Chief Exècutive. mitigations are put in place. The Trustees believe Finance Director and Head of the Education that the principal risk faced by the Charity Is the Department. effect that an economic downturn might have The Charity does not have a formal on its donors. Since the 7th October attacks, Remuneration Committee, but staff salaries are the rise in antisemitism. which has been keenly reviewed annually by the Chairman and Chief feli by many of the Charity's UK supporters may Executive. Key marnagement salaries are set with increase the risk of individuals leaving the UK to reference to individual performance. internal live in Israel. impacting the Charity's donor base. Charity objectives and external parameters such In order to mitigate exchange rate risk with the s inflation and cost of living indicator5. taking Israeli Shekel, the Trustees have resolved that account of trends in the Charity sector. project commitment5 are booked in Sterling or Shekels where lower. Both the project and partner organisations must satlsfy JNF UK'S requirements regarding transparency and accountability. In setting its programme of funding each year, the Charity takes into consideration the Charity Commission's general guidance on public benefit. The Trustees always ensure that the funding JNF UK undertakes is in line with its charitable objectives and aims and does not adversely impact the long-term financial security of the Charity. The Charity has a detailed Grant Making policy which is strictly adhered to when making project grants. During 2023 the Charity's focus changed to providing grants for humanitarian aid following the 7th October attacks. The Charity conducts extensive due diligence before making new grants and closely monitors the progress of the grants It makes to ensure that the donations are utilised for the charitable purposes for which they were made. 2023 Annual Report and Accounts 1 33

STRUCIUIIE. GOVEKNANCE, MANAGEMENI AND FINANCIAL REVIEW Volunteers JNF UK is grateful for the considerable contribution made by volunteers to its activities. A5 well as the expertise provided by lay experts on the Charity's Board and Committees, which is hugely beneficial to the professional management of the organisation. JNF'S operational activities Ir) Israel are substantially enhanced by our loyal team of volunteers. to be taken in the event of a complaint being made about its fundraising activities. There have been no fvndraising complaints made to the Charity during the year. The Charity takes care to protect vulnerable groups and members of the public when undertaking its fundraising activities, and in some casès is in regular contact with donors where It feels that additional support or explanation5 are required. For these purposes, the Charity is regulated by the Fundraising Regulator. The Charity has not incurred any material expenditure In 2023 in order to raise future donation income. Financial Review The full results for the year to 31 December 2023 are shown in the attached Financial statements. The Consolidated Statement of Financial Activities set out on page 39 reflects Reserve$ Poll¢y all incoming resources. As at 31 December 2023. total funds held were £45.447.000 (2022,. £43.947.000). Of Total income increased by 23% from these, restricted funds totalled £8,042,000 the previous year to £19.347,000 (2022: (2022.. £7.616.000). The restricted fund £15,739,000). Donations have increased includes Investments and current assets, but fourfold to £5.018,000 (2022.. £1.244.000). This does not include any fixed a55ets or liabilities. was mainly due to an increase of charitable Unrestricted reserves totalled £37.405.000 donations for a variety of humanitarian aid (2022.. £36,331.000) and included fixed assets projects that the Charity supported followin9 7th of £2.677,000 (2022.. £1,538,000) and current October attacks in Israel. KKL Charity Accovnls. assets of £9.019.000 (2022.. É11,086.000). donation income was 19% higher at £l0.864,000 (2022.. £9.156.000). Conversely, legacy incorne It is the policy of the Trustees ol the Charity fell by 50% to £2,216,000 <2022.. £4,448.000). to hold reserves against its obligations. The This income is traditionally hard to forecast. Trustees believe that a free reserve equivalent Total expenditure was 26% above last year at to not less than three months of operating expenditure should be held. Free reserves £17,987,000 (2022.. £14,288,000). This was as at 31 December 2023 exceeded this level. because our funding of project commitments in Free reserves are calculated as unrestricted Israel increased by 48% to £5.021.000 in 2023 reserves less fixed assets, long term social (2022.. £3,403.000). KKL Charity Accounts, a impact investments and financial commitments. connected charity of the Charity also increased Operating expenditure is defined as unrestricted its UK and overseas donation5 by 24.3% to expenditure less donations to projects in Israel £11,405,000 (2022.. £9,179,000). net of supoort Costs. The funding of project commitments in Israel showed a net charge of £5.021.000 (2022.. £3,403,000). This was the result, as shown in note 3 on page 47, of the Charity approving new project commitments of £4.128.000 (2022.. £2,855,000). Plans for Future Perlods Guided by its longstanding mission and dedication, the Charity remains committed to its core purpose of supporting social impact projects in Israel and driving impact investments in alignment with its well-established criteria and processes. With a track record of many years of successful initiatives, the Charity aims to build upon its past achievements and continue to make a meaningful difference to the lives of communities across Israel and in particular the peripheries. The Charity's commitment to the agreed criteria ensures that each project selected will not only serve immediate needs but also cor)tribute to the Sustainable development and prosperity of the region. The mission of the Charity in 2024 will include rebuilding communitie5 in southern Israel that were destroyed by the terror attacks and provide trauma support for families and children in need. Net income for 2023 was £l.500.000 (2022.. £1,470,000), representing a net increase in funds. Fundralslng The Charity is actively involved in fundraising activities through legacies, regular donations from individuals and corporations and fundraising everits. Potential donors are approached by email, post, telephone, or newsletter and can choose to opt out of receiving any fundraising communication from the Charity. The Charity does not use a professional furidraiser. The Charity ha5 a Complaints Procedure that includes actions 34 1 2023 Annual Report Accounts

Going Concern The Charity's cash flows together with its future operating expenditure and project requirement cash flow5 are monitored on a monthly basis by key management to ensure that they meet the miT)imum requirements set out by the Trustees. The Trustees have concluded that the group has sufficient cash resources to fund its activities for the next 12 months and beyond and therefore consider it appropriate to adopt the going concern basis in preparing the financial statements. State whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements. The Trustees are responsible for keeping proper accounting records that disclose with rèasonable accuracy at any time thè financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and the Charities Act 2011. They are also responsible for safeguarding the a55ets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's webslte. Legislation in the United Kingdom governing the preparation and dissemination of financial 5tatement5 may differ from legislation in other jurisdictions. Investment Powers and Policy The Memorandum and Articles of Association empower the Charity to invest monies not immediately required for it5 purposes in such investments, securities or properties as may be thought fit. JNF UK hold5 Its assets in long-term social impact projects in Israel to earn rental income and provide an associated level of social and economic impact. bank deposits so that monies can be quickly sent to projects in Israel according to the objects of the charity and some Investments, including, in the past. where it has been bequeathed some properties where there is a life tenant. Investment performance is in line with trustee expectations. Statement as to Dlsclosure of Information to the Auditors So far as the Trustees are aware. there is no relevant information (as defined by Section 418 of the Companies Act 2006) of which the charitable company's auditor5 are unaware and each Trustee has taken all the steps that they ought to have taken as a Trustee to make them ware of any audit information and to establish that the charitable company. s auditors are ware of that information. statement of Trustees, Responslbllltles The Trustees (who are also directors of the charitable company for the purposes 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 charitable company and of the incoming resources and application of resource5, including the income and expenditure, of the charitable company for the year. In preparing these financial statements. the Trustees are required to= Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP Audltors A resolution proposing the re-appointment of Nyman Libson Paul LLP as Auditors of the charity will be put to members at the Annual General Meeting. This report was approved by the Board on 11 September 2024. Make judgements and estimates that are reasonable and prudent. Prepare the financial statements on a going concern basis unless it Is Inappropriate to presume that the charitable company will continue in operation. Samuel Hayek Chairman 2023 Annual Report and Accounts 1 35

INDEPENDENT AUDITORS REPORT INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF THE JNF CHARITABLE TRUST Oplnlon We have audited the fiT)ancial statements of JNF Charitable Trust (the 'parent charitable company,) and its subsidiaries (the 'Group') for the year ended 31 December 2023 which comprise the Consolidated statement of financial activities, the consolidated balancè sheet, the company balance sheet. the con501idated statement of cash flows and the related notes. Including a summary of 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). In our opinion the financial statements: give a true and fair view of the state of the Group's and of the parernt charitable company's affairs as at 31 December 2023 and of the Group's incorning resources and application of resources, including its income and expenditure for the year then ended- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice., and have been prepared in accordance with the requirement5 of the Companies Act 2006 and the Charities Act 2011. Basls for opinlon We conducted our audit in accordance with International Standards orn Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors. responsibilities for the audit of the financial statements sectiOT) of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom. including the Financial Reporting Council'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. Concluslons relatlng to golng concern In auditing the financial statements, we have concluded that the Trustee5' 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 Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve month5 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. 2023 Annual Report and Accounts

other information The other information comprisès the information included in the annual report other than the financial statements and our auditors, 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. except to the extent otherwise Èxplicitly stated in our report, WÈ do not exprèss 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 incon51Stencies 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 th15 Other information. we are required to report that fact. We have nothing to report in this regard. We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion.. the parent charitable company has not kept adequate and sufficient accounting records. or returns adequate for our audit have not been received from branches not visited by us.. or the parent charitable company's financial statements are not in agreemer)t with the accounting records and returns.. or certain disclosures of Trustees, remuneration specified by law are not made.. or we have not received all the information and explanations we require for our audit, or the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies. exemptions in preparing the Trustees. report and from the requirement to prepare a Strategic report. Responsibilitles of Trustees As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for bein9 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. Oplnlon on other matters prescrlbed by the Companies Act 2006 lrn our opinion, based on the work undertaken in the course of the audit.. the information given in the Trustees. report for the financial year for which the financial statements are prepared is consistent with the financial statements. the Trustees, report has been prepared in accordance with applicable legal requirements. In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's Matters on whlch we are requlred to ability to continue as a going COT)cern, report by exception disclosing, as applicable, matters related to going concern and using the going concern In the light of our knowledge and understanding basis of accounting unless the Trustees either of the charitable company and its environrnent intend to liquidate the Group or the parent obtained in the course of the audit, we have charitable company or to cease operations, not identified material misstatements in the or have no realistic alternative but to do so. Trustees, report. 2023 Annual Report and Accounts 1 37

INDEPENDENT AUDITORS REPORT Audltors, responslbllltles for the audlt accounting estimates. There are inherent of the financial statements limitations in the audit procedures described Our objectives are to obtain reasonable above and. the further removed non-compliance assurance about whether the financial with laws and regulations is from the evernts statements as a whole are free from material and transactions reflected in the financial misstatement, whether due to fraud or error and statements. the les5 likely we would become to 1$5ue an auditors. report that includes our aware of it. We did not idèntify any key audit opinion. Reasonable assurance is a high level of matters relating to irregularities, Including fraud. assurance but is not a guarantee that an audit A further description of our responsibilities for conducted in accordance with ISAS IUK) will the audit of the financial statements is located always detect a material misstatement when it on the Financial Reporting Council's website exists. Mlsstatements can arise from fraud or at.. www.frc.org.uk/auditorsresponsibilities. This error and are considered material if, individually description forms part of our auditors. report. or in the aggregate, they could reasonably be expected to influence the economic decisions of Use of our report users taken based on these financial statements. This report is made solely to the charitable Irregularities, including fraud, are instances company's members. as a body, in accordance of non-compliance with laws and regulations. with Chapter 3 of Part 16 of the Companies Act We design procedures in line with our 2006, and to the charitable company's trustees, responsibilities, outlined above, to detect as a body. Part 4 of the Charities (Accounts and material misstatements In respect of Reports) Regulations 2008. Our audit work has irregularities, including fraud. The extent to been undertaken so that we might state to the which our procedures are capable of detecting charitable comoany'5 members those matters irregularitie5. including fraud 15 detailed below. we are required to State to them in an auditors. report and for no other purpose. To the fullest We gained an understandin9 of the legal extent permitted by law, we do not accept or and regulatory framework applicable to the assume responsibility to anyorie other than the charity and the industry in which it operates charitable company and its member5, as a body, and considered the risk of acts by the charity for our audit work, for this report, or for the that were contrary to applicable laws and opinions we have formed. regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and the Charities Act 2011. Our tests included agreeing on the financial statement disclosures to underlying supporting documentation, reading minutes of meetings of those charged with governance. enquiries with management and review of Andrew Thomas Senior Statutory Auditor Nyman Llbson Paul LLP Chartered Accountants and Statutory Auditors 124 Flnchley Road London NW3 5JS Date 27 Se lember 2024 Nyman Libson Paul LLP is eligible to act as auditors in terms of section 1212 of the Companies Act 2006. 2023 Annual RerM)rt and Accounts

J WJ ¢yt4 l)￿ J 2023 Annual Report and Accounts 1 39

Balance Sheets as at 31 December 2023 Registered Company Number: 355248 Registered Charity Number. 225910 2023 Group £'ooo 2022 Group £'ooo 2023 2022 Charity Charity £'ooo £'ooo Notes FIXED ASSETS Tangible Assets Investments 2,677 33,634 36.311 1.538 32.827 34,365 26 65 32,309 31,386 32.335 31,451 CURRENT ASSErs Debtors falling due within one year Cash al bank and in hand 10 3,660 13,203 16.863 4.128 14,574 18,702 7,745 6,799 6,053 7.442 13.798 14,241 Creditors falling due within one year 11 12.447) {2.895) 12,691) 12,9641 NET CURRENT ASSETS 14.416 15.807 11,107 11,277 Creditors falling due after one year 12 15,280) {6.225) 15,280) 16,2251 NET ASSETS 38 162 36 503 FUNDS Unreslricled funds Reslricled funds 37,405 8,042 36,331 7,616 36,451 35,608 1,711 895 13&14 TOTAL FUNDS 45,447 43,947 38 162 36,503 The financial statements We￿ approved and authorised by the Board of Trustees on 11 September 2024 and were signed on ils behalf by.. Samuel Hayek Chaimian The notes on pages 42 to 62 fomi part of these financial statements. 40 1 2023 Annual Report and Accounts

Consolidated Cash Flows for the year ended 31 December 2023 2023 Group £'ooo 2022 Group £'ooo Notes CASH FLOWS FROM OPERATING ACTi￿nEs Net cash provided by operaling activitses 16 15011 1.095 CASH FLOWS FROM INVESTING ACTi￿nEs Investment Income Acquisition of tsngible assels Acquisition of investment assets Insurance daim proceeds for vehide Disposal of investments Net cash lusedllprovlded by Investlng assets 1.248 884 (1,2741 {2641 {1,1151 {2.4291 20 2,651 862 271 870 Change In cash and cash equivalenls in the reporting porlod (1.371) 1,957 Cash and cash equivalenls al the beginning of the reporting period 14,574 12,617 Cash and cash oqulvalents al the end of the reportlng period 13,203 14,574 The notes on pages 42 to 62 form part of these financial statements. 2023 Annual Report and Accounts 1 41

Notes to the Accounts 1- Accounting Convention and Policies JNF Charitable Tnjsl is registered under the Companies Act 2006 no 355248 and is registered with the Charity Commission no 225910. JNF Charitable Trust is a company limited by guarantee. The registered office for all subsidiaries and the parent is 95 Church Road, London, NW4 4FE. a. Accounting Conventions The financi81 ststements have been prepared in accordance with 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 (FR102) (second edition effective 1 January 2019} - (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. The reporting currency is GBP and the figures in the accounts are rounded to the nearest thousand pounds. JNF Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise staled in the relevant accounting policy note{sl. b. Group Flnanclal Statements These financial slalemenls consolidate the results of the Charity and its wholly owned subsidiaries KKL Executor and Trustee Company Limited. JNF UK Israel Limilad and 95 Church Road Hendon Limited, and ils connected company. KKL Charity Accounts Limited. A separate statement of financial activities (SOFA) is not presented because the charity has taken advanlage of paragraph 397 of SORP FRS102. c. Incomln8 Resources Income is recognised when there is an entitlement, receipt is probable, and it can be measured with reasonable accuracy. Donations and receipts from functions are accounted for on a receivable basis. Legacies are accounted for either when received or when the Charity is notified of the legacy and receipt of the legacy is considered by the Trustees lo be both probable and measurable. Donated services are included al their fair value to the Charity. Gift Aid recoverable in ￿spect of income is accounted for on a receivable basis. Income from shares in subsidiary undertakings is accounted for on a received basis. other interest receivable and similar income is accounted for on a receivable basis. Rental income from lon￿terM social impact projects is accounted for on a receivable basis. Income frorn services provided is recognised when invoiced. 42 1 2023 Annual Report and Accounts

l - Accounting Convention and Policies (cont'dl d. Resources Expended Grants payable are charged in the year vthen Ihe offer is conveyed to the ￿ciple￿l except in those cases where the offer is conditional. such grants being recognised when the conditions attaching are fulfilled. Grants offered, which are subject to conditions that have not been met al the year-end, are noted as a commitment but are not accrued as expenditure in the financial statements. Project commitments in Israel include all funds remitted to Israel by the charity in direct pursuit of its charitable objectives and their associated support costs and governance costs. Remittances lo UK Charities consist of {il those made in accordance with instructions received for donors, individual accounts within KKL Charity Accounts Limited and include their associated support costs and governance costs, {iil grants made to UK schools under the KKL Charity Accounts educational grants programme. and liiil paymenls to other UK charities. Support costs are expenditure incurred in providing administrative and financial services in support of the charitable expenditure above. Support costs are generally allocated over charitable expenditure headings in a similar proportion to existing expenditure under those headings. This is in line with eslimaled use of inlemal resources. Governance costs are incurred in cornpliance with conslilulional, legal, and statutory requirements related lo the general running of the Charity and are incurred in support of the charitable expenditure above. Governance costs are generally allocaled over charitable expenditure. Irrecoverable VAT is induded under the relevant expense headings. e. Capltallsatlon and depreclatlon of tanglble fixed assets Tangible fixed assets are slated in the balance sheet at cost less depreciation. Depreciation is provided to write off the cost of fixed assets over their estimated useful lives. Rates of depreciation- Leasehold improvements are amortised over the period of the lease. Fumilure and Equipment- 10Yo of the nel book value. Compvter Equipment- 33 113°A of the nel book value. Motor Vehides - 25% of the net book value. Tangible fixed assets costing rn0￿ than £1,000 are capitalised and included at cosl including any incidental expenses of acquisition. 2023 Annual Report and Accounts 1 43

l - Accounting Convention and Policies (cont'dl f. Impairment Propety and investments are assessed for impaiment indicators. Where indicators are identified an assessment for impairment is undertaken comparing the asset's carrying amount lo ils recoverable amounl. Where the carying amount of an asset is deemed lo exceed ils recoverable amount. the asset is written down to ils recoverable amount, this is likely to be the value in use of the asset based on its service potential. The resulting impaimient loss is recognised as expenditure in the Statement of Financial Aclivilies. 8. Penslon Scheme Payments to defined contributions schemes are written off a5 incu￿ed. h. Funds Unrestricted funds comprise those funds which the Trustees are free lo use in accordance with the chanlable objects. Restricted funds are funds which have been given for particular PUTposes and projects. Income and expenditure are allocated lo th8 appropriate fund in the consdidated stalemenl of financial activities. l. Investments Investments are initially recorded at cost at the date of acquisition. Listed investments are revalued to marf(et value at the balance sheet date based off publicly traded prices. Investment properties consist of properties acquI￿d and held pu￿lY for economic benefit. Long-lerm social impact projects are long-lerm investments made into Israeli properties with the intention lo generate social and economic impact alongside a financial retum. Investment properties and social investment properties a￿ revalued on a rolling five-year basis. based on intemal and extemal valuation reports. Realised gains and losses on investments are calculated by comparing the sale proceeds with the market value al the end of the previous financial year. Unrealised gains and losses represent the difference be￿een the market value of investments held al the end of the financial year with their value at the beginning of the year or their cost rf purchased subsequently. J. Debtors Debtors indude amounts owed to the Charity for the provision of goods and services or amounts the Charity has paid in advance for the goods and services it will receive. Debtors also include amounts receivable on grant funding and legacies to which the charity is entiued. Debtors are measuTrd at their recoverable amounts {Ihe amount the charity anlicipales it will receive from a debt or the amount it has paid in advance for goods or services). An amount recoverable more than a year after the end of the reporting date is rneasured at ils present value at the balance sheet dale rf the time value of money is materi818nd the setuement temis conststute a financing transaction. 2023 Anrnal Report and Accounts

l - Accounting Convention and Policies {cont'dl k. Liabilities Liabilities are amounts due to creditors and any provision made as a result of an obliga- lion to transfer economic benefits, usually in the foTh of a cash payment. lo a third party. Liabilities are measured at their setuement amount except for ￿rtain types of financial liabilities. A liability is recognised for the amount that the Charity anticipates it will pay lo sellle the debt or the amount il has received as an advance payment for goods or services it must provide. Flnanclal Instruments The Charity only enters inlo basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties. loans lo related parties and investments in non-puttable ordinary shares. m. Forelgn Currencles Transactions in foreign currencies are ￿Corded at the rale of exchange al the date of the Iransaclion. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date. n. Judgements ID applyln8 accountlng pollcles and key sources of estlmatlon uncertalnty In the application of the Charity's accounling policies. the members are required lo make judgements, eslimales and assumptions about the carying amounts 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 lo be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which Ihe estimate is revised if the revision affects only that period, or in the period of the revision and fvIU￿ periods if ihe revision affects both cuNent and future periods. o. Estimations durlng the year: During the year ended 31 December 2021, the Group revalued several properties. Where it was not feasible lo obtain a professional extemal valuation, values were estimated intemally based off initial costs and house price indices. The Charity Ljndertakes formol property valuations on a rolling five year cycle. The Charity acquired three new properties in 2023 which are included al cosL The value of the properties at 31 December 2023 was reviewed to ensure that Ihere had been no diminution in value compared with the market. p. Golng concern The Charity's cash flows together Mth its future operating expenditure and project requirement cash flows are monitored on a monthly basis by key m8n8gement lo ensure that they meet the minimum requirements set out by the Trustees. The Trustees have 2023 Annual Report and Accounts 1 45

concluded that the group has sufficient cash resources to fund its activities for the nexl 12 months and beyond and therefore consider it appropriate to adopt the going concern basis in preparing Ihe financial statements. 2 - Total Resources Expended Project UK Funding Charitable in Israel Projects £'ooo £'ooo 2023 Total £'ooo 2022 Total £'ooo Fundraising £'ooo Staff costs Direct costs 510 172 280 4,525 4.805 210 1000 1.005 10,938 15,635 11.940 11.148 16.635 12.945 Share of support costs 879 1,561 216 257 1.352 1,343 11.405 17,987 14288 The analysis by fund is.. ProJe¢t UK Fundlng Charftsble 2023 2022 Fundralslng In Israel Projects Total Total £'ooo £'ooo £'ooo £'ooo £'ooo 1,561 1.243 360 3.164 4,378 3,778 11,045 14,823 9,910 11405 17 987 14288 Unrestricted fund Restricted fund The resources expended are stated after charging: 2023 2022 £'ooo £'ooo Depreciation Payments to auditors for audit services Payments to auditors for noTraudil services 123 31 120 35 46 1 2023 Annual Report and Accounts

3- Funding Project Commitments in Israel 2023 2022 £'ooo £'ooo 752 103 Educationrrraining Infrastructure and landscape development Advancement of Health Youth Economiclcommunity Welfare Projects less than £25,000 Totsl fundlng ¢ommltted to new projects Adjustment to prior year project ￿MMItMents Currency exchange adjustments Direct staff and other costs and share of allocate(J cosls 191 87 142 85 935 716 2.458 1.068 131 131 4,128 2,855 759 75 {3621 1231 496 496 5,021 3 403 The funding of project commitments in Israel showed a net charge of £5.021.000 12022.. £3,403,000). 2023 Annual Report and Accounts 1 47

4- Donations to UK and overseas Charities 2023 2022 £'ooo £'ooo lal KKL Charity Accounts through individual and COT￿rate SU￿ccountS 11.148 8.823 {bl KKL Charity Accounts educational programme 101 11,148 8,924 257 255 11,405 9 179 Share of support costs Payments to UK and overseas charities principally represent.. lal Payments from KKL Charity Accounts through individual and corporate KKL Charity sutr accounts. Details of these payments are not disdosed as they are made in accordance with specific reslriclions imposed by the donors and are not necessarily representstive of the Charity's grant-making policies. During the year, the top 20 donations by value. were made lo Ihe following charities.. Inlemalional Fellowship of Chnstians and Jews Ichicagol KEDMA Yad Binyamin v'sara JGIVE (Keren Assorl Talia Foundation Achim Bead Achim Jewish Care Magen David Adom UK Wodd Jewish Relief United Jewish Israel Appeal Hasmonean High School Charitable Trust Community Security Trust Norwood TAK Charitable Twst Chai Cancer Care JFS General Charitable Trust JNF Charitable Trust S&P Sephardi Community SEED {Head Office) British Friends of United Hatzalah Israel £621.129 £487.550 £448.186 £447,596 £362.469 £239.800 £224.735 £203.546 £198.402 £194,968 £193.666 £193.319 £181,576 £149.000 £140.119 £115,741 £112.656 £100.417 £ 94.550 £ 92,960 2023 Annual Report and Accounts

4 Donations to UK Charities {cont'd) {blEducational grants. KKL Charity Accounts did not make educational grants lo UK primary and secondary schools during the year (2022.. £101,000). 5 - Support Costs An analysis of the major support costs in note 2 is as follows= 2023 £'ooo 2022 £'ooo Staff costs Direct costs 428 924 1.352 431 912 1.343 Analysed between.. Fundraising Funding project commitments in Israel UK charitable projects 879 216 257 1.352 873 215 255 1.343 Dir8cI support costs mainly comprlsed rent, rates and seNice charges, printing, postage and stationery, recruilmenl fees, training costs. consultants. audit fees, legal fees. insurance, IT, cleaning, telephone. ulililies and depreciats'on. Governance costs were £86,392 (2022.. £127,930} and included Trustees, expenses, legal fees, audit and non-audil fees and regulatory costs. 6- Trustees, Remuneration and Benefits No payments were made to Trustees for their servi¢e$ as Trustees other than the reimbursement of expenses incurred in providing such services. During the year £22612022: £2,835) was reimbursed lo two 12022.. five) Trustees in respect of travel and subsistence. Trustee donations lo JNF UK during the year lolalled £22.701 12022.- £10,375) including donations made from Trustees. SmartGiving bank accounls. 2023 Annual Report and Accounts 1 49

7 - Staff Costs 2023 £'ooo 1.226 129 72 1.427 2022 £'ooo 1,230 122 85 1.437 Salaries Social secunty costs Pension costs The average monthly number of employees during the year was as follows.. 2023 2022 Fundraising Israel Project Team Finance, Management, Administration, Legacy and Education 12 26 13 27 The number of employees whose emoluments linduding benefits), as defined for taxation purposes. amounted lo over £60.000 in Ihe year was as follows.. 2023 2022 £60,001>£70,000 £70,001>£80,000 £80,000 - £90.000 £90.000- £100.000 £140,000- £150,000 Pension contributions were made to defined contribution schemes for four high-paid employees 12022.. six employees) and these amounted to £17.256 (2022: £19,153). The total is disclosed above. The total remuneration of key management within ihe Charity lotalled £496,00012022: £406,000) 50 1 2023 Anr￿1 Report and Accounts

8 - Tangible Fixed Assets GROUP Furniture, Property & Computer and Improvements Equipment £'ooo Motor Vehicles £'ooo Total £'ooo £'ooo Al 1 January 2023 Addilior)s Disposals Adjuslmenl including FX At 31 December 2023 1.281 1,256 191) 700 18 234 2,215 1,274 {911 61 3,337 38 680 23 211 Al 1 January 2023 Charge for year Disposals Adjuslmenl including FX At 31 De¢ember 2023 55 525 59 97 28 677 123 {911 49 660 191) 38 114 NET BOOK VALUE At 31 December 2023 At 31 December 2022 134 175 97 137 1,226 Furniture. Leasehold Computer and Improvements Equipment £'ooo CHARITY Motor Vehicle8 £'ooo Total £'ooo £'ooo Ai 1 January 2023 Additions Disposals Al 31 December 2023 91 435 91 91 350 350 DEPRECIATION Al 1 January 2023 Charge for year Disposals At 31 December 2023 316 370 45 91 324 37 91 324 NEf BOOK VALUE At 31 December 2023 At 31 De¢¢mb¢r 2022 26 28 26 65 37 The leasehold improvements relate to the Charity's former Head Office. based in Hendon, London. Additions in the year relate to the development of the freehold at 95 Church Road, for the new Head Offi￿. 2023 Annual Report and Accounts 1 51

9- Investments GROUP Long4em) Investment social impacl in subsidiary Quoted projects undertakings investments £'ooo £'ooo £'ooo Investment Property £'ooo Total £'ooo COST OR VALUATION Al 1 January 2023 Additions Disposals At 31 December 2023 339 25.473 1.115 430 26,242 85 1,200 278 295 237 27,147 17 322 26,588 REVALUATIONS At 1 January 2023 Revaluations in the year Disposals At 31 December 2023 95 6.372 118 13 6,585 198) 95 6.261 131 6.487 NET BOOK VALUE At 310ecember 2023 At 31 December 2022 417 434 368 33,634 548 32.827 31,845 Long-terni Investment Investment social impacl In subsidiary Quoted Property projects undertakings Investments £'ooo £'ooo £'ooo £'ooo CHARITY Total £'ooo COST OR VALUATION Al 1 January 2023 Additions Disposals At 310e¢ember 2023 340 23,919 1.114 290 345 24,894 1,114 171 188L 174 25,820 17 323 25.033 290 REVALUATIONS Al 1 January 2023 Revaluations in the year Disposals At 31 December 2023 95 6,397 6.492 13) {31 95 6.397 6,489 NET BOOK VALUE At 31 December 2023 At 31 December 2022 418 435 30,430 290 290 171 32.309 345 31 386 Long-temi social impact projects relate to commitments in Israel, where the Group owns properties and ￿ceiVe$ rental income and where the￿ is an associated high level of social and economic impact. Social impact projects were revalued based off valuation reports perfomed by qualtfied locally based agents al the end of 2021. There has been no change in value to the investment properties since 31 December 2021. 2023 Annual Rerx)rt and Accounts

10- Debtors: Amounts Falling Due Within One Year GTOUP Group 2023 2022 £'ooo £'ooo Charity Charity 2023 2022 £'ooo £'ooo Donations and legacies receivable Prepayments and accrued income Other debtors Due from subsidiary undertakings 3,168 134 358 3,991 41 96 3,168 105 35 4,437 3,991 36 15 2,757 6,799 3,660 4,128 11 Creditors: Amounts Falling Due Within One Year Group Group Charity Charlty 2023 2022 2023 2022 £'ooo £'ooo £'ooo £'ooo Trade creditors Other creditors Accruals and deferred income Taxation and social security Loan payments Project commitments Due lo subsidiary undertakings 117 221 246 17 41 1.805 103 127 191 79 164 470 15 41 1,805 117 68 93 181 32 42 2,398 150 42 2.398 12 - Creditors: Amounts Falling Due After More Than One Year Group Group Charlty Charlty 2023 2022 2023 2022 £'ooo £'ooo £'ooo £'ooo Due wlthln 14 years Project commitments Loan Due after more Ihan 5 years Loan 4.292 176 5.107 4,292 176 5,107 184 812 5,280 934 6,225 812 5,280 934 6,225 2023 Annual Report and Accounts 1 53

13 - Restricted Funds With the exception of donations via KKL Charity Accounts, all other restricted donations were for projects in Israel. Balance at Incoming Resources Transfgr Balance at 1 January resources expended between 31 December 2023 funds 2023 £'ooo £'ooo £'ooo 6.721 6.329 £'ooo 10.653 £'ooo 111.0451 KKL Charity Accounts Edu¢ationrrraining -Educational leadership training -other Education￿raining 702 47 75 192 1251 11591 1131 739 80 Economlclcommunlty 120 436 14731 83 W•lfare 20 449 13811 88 Advan￿Ment of Hoalth 85 1871 Youth 120 1851 35 Envlronment. Infrastructure & landsca￿ d8v8lopment 75 1501 25 Humanltarlan Ald -18rael in Crisis Appeal Phase 1 -8omb Shelter repairs & m8inlenan¢e -civilian Assistance & Volunteering -social investment in communities -Emergency survival kits for civilians -support for bereaved families, evacuees & farmers -O¢hers 402 596 12491 155SI 153 41 1.176 11,1501 {4411 130 1161 114 279 279 104 1791 25 Projects less than £25K 27 1281 Legaci8S 12 12 Others 101 1961 Restricted funds Unrestrlcted funds 7.616 36,331 15.358 4,129 (14,823} (3,164) 11091 109 8,042 37,405 Totsl Funds 43.947 19.487 17.987 45.447 Transfers between funds have been made following a comprehensive review of the total expenditure incurred by the project at the end of 2023. The appropriate transfer has been made between funds so that the balances al 31 December 2023 represent the remaining restricted funds held at that date. 2023 Annual Report and Accounts

13 - Restricted Funds(cont'd) Balance at Incoming Resources Transfer Balance at 1 January resources expended between 31 December 2022 funds 2022 £'ooo £'ooo £'ooo 6.567 6,721 £'ooo 8.913 £'ooo (8.7591 KKL Charity Accounts Edu¢atlonrrralnlng 1681 1881 740 E¢onomldCommunlty 340 15401 1161 120 W8lfar• 149 11491 27 Advancem•nt of Health 74 104 12011 28 Youth 70 1701 1301 Environment, infrastructuro & landscape development 74 11051 1291 Prol•cts l•ss than £25K 18 1151 Legaelos 131 Others 39) {3901 Rostrlcted funds Unrestricted funds 8,211 34.266 9,835 5.923 (9,910) (4,378) 15201 520 7,616 36,331 Totsl Fund$ Transfers between funds have been made following a cornprehensive review of the total expenditure incurred by project at the end of 2022. For each project where the expenditure incurred during Ihe year was in excess of Ihe ￿$tricted fvnds held. a transfer has been made from unrestricted to reslricled funds so that the reslricled funds balance al 31 December 2022 reflects restricted funds remaining for thal project. Where Ihe expenditure incurred during the life of the project paid out of unrestricted funds was in excess of reslricled funds held, the appropriate a transfer has been made between funds so that the balances al 31 December 2022 represent the restricted funds held al Ihat dale. 2023 Annual Report and Accounts 1 55

14 - Analysis of Net Assets Between Funds Unrestricted Restricted Funds Funds £'ooo £'ooo Total 2023 £'ooo Total 2022 £'ooo Fixed assets Investments Current assets Current liabilities Creditors more than 1 year 2,677 33,436 9,019 12,447) 15,280) 37.405 2,677 33,634 16.863 12,4471 15,2801 1,538 32,827 18,702 12,8951 16,2251 198 Unrestrlcted Restrlcted Funds Funds £'ooo £'ooo Total 2022 £'ooo Total 2021 £'ooo Fixed assets Investments Current assets Current liabilities Creditors more than 1 year 1.538 32,827 11,086 (2.8951 6,225 36,331 1,538 32,827 18,702 12,895} 6,225 43,947 1.412 33,023 16,165 {4,1111 4.012 7,616 7,616 15- Subsidiary Undertakings and Intra-Group Transactions The Charity owns two active wholly owned subsidiaries, KKL Executor and Trustee Company Limited and JNF UK Israel Limited. and a property holding company, 95 Church Road Hendon Limited, a wholly owned subsidiary. A summary of their results is shown below.. KKL: Executor and Trustee Company Llrnlted Statement of Comprehensive Incorne 2023 £'ooo 2022 £'ooo Turnover Administrative Expenses Operating Profit Interest receivable and similar incLsme Profit before taxation Tax on profit on ordinary activities Prior year adjustment for group relief on the previous year's 545 545 573 1567L Profit for the financial year afler laxation 56 1 2023 Annual Report and Accounts

15- Subsidiary Undertakings and Intra-Group Transactions Icont'dl Net asset statement at 31 December 2023 £'ooo 2022 £'ooo Tangible fixed assets Current assets Current liabilities 10 130 {231 154 {431 Totsl not assets Represented by: Share Capital Statement of Comprehensive Income 250 (1331 250 (1331 Shareholders, funds 117 117 The staff costs and some adminislralive costs of KKL Executor and Trustee Company Limited are incurred by the Charity and recharged lo KKL Executor and Trustee Company Limited at the end of each month. At the end of the year. the Charity paid management fees of £545,000 12022.. £565.0001 lo KKL Executor and Trustee Company Limited. Al 31 December 2023, KKL Executorand Trustee Company Limited was owed £116,89912022: £149,892) by its parent company. There were no other related paty transactions between KKL Executor and Trustee Company Limited and JNF Charitable Trust. At 31 December 2023 KKL Executor and Trustee Company Limited owed KKL Charity Accounls, a connected charity, £4.826 {2022: £21,988). JNF UK Israel Llmited Statement of Comprehenslve Income 2023 £'ooo 2022 £'ooo Turnover Administrative Expenses Operating Profit Interest receivable and similar income Profit before taxation Tax on profit on ordinary activities 809 711 98 815 (7091_ 106 98 191 106 181 Profit for the financial year after taxation 89 98 2023 Annual Report and Accounts 1 57

15- Subsidiary Undertakings and Intra-Group Transactions (cont'd) Net asset statement at 31 December 2023 £'ooo 2022 £'ooo Tangible fixed assets Current assets Current liabilities 1,515 763 11.6451 1,665 108 11.1861 Total net assets 633 587 Represented by.. Share Capital Statement of Comprehensive Income 633 587 Shareholders, funds 633 587 JNF UK Israel Limited is a wholly owned subsidiary of JNF Charitable Trust with issued share capital of Israeli Shekel 1,000. During the year JNF UK Israel Lirniled charged its parent, the Charity, fees of £438,002 net of Israeli VAT12022'. £347.8641 for project and propety management. It also recharged expenses of £205,93012022'. £126.6931 indusive of VAT to its parent company. Al 31 December 2023, JNK UK Israel Limiled owed ils parent company £1,580,19112022.' £1,080,438). There were no other related party transactions between JNF UK Israel Limited and other companies in the group. 11111 95 Church Road Hondon Limited ststomont of Incomo and Expendlture 2023 £'ooo 2022 £'ooo Adminislralive Expenses 28 14 Operating Loss 28 14 Loss for the year 28 14 2023 Annual Report and Accounts

15- Subsidiary Undertakings and Intra-Group Transactions Icont'dl Net asset statement at 31 December 2023 £'ooo 2022 £'ooo Tangible fixed assets Current assets Current liabilities 2.245 990 (2.3061 (1.0221 Total net assets 55 27 Represented by: Share Capit81 Statement of Comprehensive Income {551 {271 Shareholders, funds 55 27 95 Church Road Hendon Limited is a wholly owned subsidiary of the Charity, with issued share capital of £100. During the year development expenditure of £1,255,708 incurred was Capitalised. Administrative expenses of £28.66912022: £14,232) were incurred during the year. All expenses have been paid by its parent company. At 31 December 2023, 95 Church Road Hendon Limited owed ils parent company £2.191,36412022.' £1,020,409). There were no other related company transactions between 95 Church Road Hendon Limited and the other group companies. The Charity also owns the following domiant subsidiaries: JNF Limited Jewish National Fund Limited Jewish National Fund for Israel Limited JNF UK Limited JNF Executor and Trustee Company Limiled KKL Limited 2023 Annual RerKJrt and Accounts 1 59

16 - Reconciliation of Net Income to Net Cashflow from Operating Activities 2023 £'ooo 2022 £'ooo Net Income for the year. as per the Statement of Financial A¢tivitie$ Adjustments for: Investment Income Depreciation Decreaselllncreasel in fair value of investments Lossllprofitl on disposal of investments WrIte￿ff of goodwill and paintings Writeryoff of leasehold improvemenls (Profit }Iloss on disposal of vehicle (Decreasellincrease in creditors Decreasellincrease} in debtors 1.500 1.470 {1,2481 123 1131 1884) 120 15} 119) 17 38 13} 997 1581) (1,3931 468 Net cash flow trom Operatlng Actlvltles 501 1,095 17- Connected Charities KKL Charity Accounts is a connected charity (Charity Number 11059981, which operates from the same address as the Charity. All but one of the Trustees of KKL Charity Accounts are also Trustees of this Charity and il is therefore treated as a subsidiary. A summary of its results is shown below.. Rèstrfcted Funds £'ooo Unrèstrfcled Funds £'ooo Total 2023 £'ooo Total 2022 £'ooo Total incorne Total expenditu Net result 10.653 11.044 391 477 272 205 11,130 11,316 186 9.280 9,089 191 The aggregate of its assets, liabilities and funds were= 2023 £'ooo 2022 £'ooo Assets Liabilities Net assets 7,377 697 6,680 7,464 597 6,867 Unrestricted funds Restricted funds Total funds 350 6,330 6.680 145 6,722 6.867 60 1 2023 Annual Rerx)rt and Accounts

17 - Connected Charities (cont'd) The staff costs and some administrative costs of KKL Charity Accounts are inCu￿ed by JNF CharitaFAe Trust and recharged lo KKL Charity Accounts at the end of each month. At 31 December 2023, KKL Charity Accounts owed JNF Charitable Trust £665.64312022: £527,233) and was owed £4,82612022= £21.9881 by KKL Executor and Trustee Company Limited. There were no other related party transactsons belween KKL Charity Accounts and the companies in the JNF Group. 18- Financial Assets and Liabilities Group 2023 £'ooo Group 2022 £'ooo Charlty 2023 £'ooo Charlty 2022 £'ooo Financial assets measured al fair value through the Statement of Financial Activities Financial assets measured al amortised cost 33.634 32,827 32,309 31,386 16,863 18,702 13,395 14,242 Financial liabilities measured at amortised cost 7.727 9,120 7,611 9,189 19 - Financial Commitments As at 31 December 2022. the Board of Trustees had Ihe following commitments.. Group 2023 £'ooo Group 2022 £'ooo Charlty 2023 £'ooo Charlty 2022 £'ooo Lease obligations due within 1 year Other obligation5 due within 1 year Lease obligations due belween 1 and 5 years 13 1,413 52 1,498 13 1,413 52 1,498 13 13 1,426 1,563 1,426 1,563 The Charity lease obligations related to the lease on ils office al 154 Brent Street, London NW4 2BF which expired on 31 March 2024. The other obligations related to the payment due on completion of the social investment property in Pelakh Tikvah, Israel. 2023 Annual Report and Accounts 1 61

19- Financial Commitments (cont'd) The remaining renovations of the property purchased by 95 Church Road Hendon Limited were eslimaled to be £292,000 at the reporting date, although no contractual commitments had been made at that date. The Charity moved into its new head office in March 2024. The Charity plans to fund its commitinents from its existing unrestricled reserves. 20- Related Parties Details of the related party transactions are set out in notes 2,6. 15 and 17. 62 1 2023 Annual Report and Accounts

Reference and Administralive Details Registered Company number 355248 (England and Wales) Registered Charity number 225910 Registered office 95 Church Road London NW4 4FE Trustees S Hayek- Chaimian A Mendoza- President G Faller- Vice Chaimian B Oakland - Vice Chairna L Julius- Treasurer T Asserson (appointed 5 September 2023 and resigned 11 September 20241 C Djanogly lappointed 5 September 20231 R Freedman lapwinled 11 S8plemb8r 20241 T Kendal MLee M Waisman H Wayne G Mond {resi9ned 28 Febnjary 20231 CEO E Goiii Company Seeretary D Berens (resigned 23 May 20231 L Davidson lappointed 4 September 20231 Auditors Nyman Libson Paul LLP 124 Finchley Road London NW3 SJS Solicitors Misheon de Reya LLP Africa House 70 Kingsway London WC2B 6AH Bankers 8arclays Bank F4 1 Churchill Place London E14 SHP 2023 Annual Report and Accounts 1 63

RPIIT- JNF UK PRAYS FOR THE SAFE 67 RETURN OF OUR CHERISHED EMPLOYEE SAGUI DEKEL-CHEN AND THE OTHER HOSTAGES. UK Suppvrting JNF Charitable Trust 95 Church Road. London NW4 4FE Tel.. [phone] Email.. [e-mail] Web: www.jnf.co.uk @JNFUK 11 @iJnfuk O ,&Jnfuk D JNF UK ffjl JNF UK FR FLINDRAISING REGULATOR JNF Charitable Trust 15 a reg15lered Charity No 225910." Cotnpany No 355248 rey1st￿red In England and Wales. Registered office.. Mountdiff House. 154 Brent Streei. London NW4 2BF.