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.. 020 8732 6100
Email.. info@jnf.co.uk
Web: www.jnf.co.uk
@JNFUK 11 @iJnfuk O ,&Jnfuk
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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.