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2024-12-31-accounts

Company registration number. 00894309 Charity iegistratN)n number." 252626 The Institute For Jewish Policy Research IA cornpany limited by guarantee) Annual Report and FIn￿(la1 Statements for the Year Ended 31 DecEmber 2024 ocm QCTnole

The Institute For Jewish Policy Research Contents Reference and Administrative Details 1to2 Chaiman's Statement Trustees, Report 4tts10 Independent Auditors. Report 11 10 13 statement of Financial Actiwtie3 14 Balance Sheet 15 Statement of Ca8h Flows 16 Notes lo the Financ￿1 Statements 17to34

The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

LEGAL AND ADMINISTRATIVE INFORMATION

Charity number 252626 Company number 00894309 Governing Document Articles of Association Joint President Lord Leigh of Hurley Lord Kestenbaum of Foxcote (appointed 03/12/2024) Honorary President Lord Rothschild OM (deceased 26/02/2024) Honorary Vice Presidents Lord Haskel Harold Paisner Sir Trevor Chinn CVO Stephen Moss CBE (from 2025) Chairman Stephen Moss CBE (until 31 December 2024) David Ereira (from 1 January 2025) Vice-Chairman David Ereira (until 1 January 2025) Treasurer Michael Karp OBE (retired 25/01/2024) Denise Joseph (appointed 25/012024) Executive Director Dr. Jonathan Boyd Director of Operations and Company Secretary Richard Goldstein Senior Research Fellows Dr. David Graham Dr. Daniel Staetsky Dr. Carli Lessof Dr Keith Kahn-Harris Directors and Board of Management David Ereira Stephen Moss CBE (retired 31/01/2025) Lord Leigh of Hurley (retired 30/06/2025) Denise Joseph Michael Karp OBE (retired 25/01/2024) William Benjamin (retired 31/01/2025) Elizabeth Crossick (retired 28/06/2024) Miles Webber (retired 28/06/2024) Professor Jonathan Haskel CBE Dr Efrat Sopher (appointed on 26/01/2024) Mark Berman Felicia Epstein Adam Taub (appointed on 01/05/2025) Registered office 6 Greenland Place London NW1 0AP England Auditor A C Mole LLP Chartered Accountants and Statutory Auditors Stafford House Blackbrook Park Avenue Taunton, Somerset, TA1 2PX

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

Bankers Barclays Bank plc
1 Churchill Place London
E14 5HP
Investment Managers LGT Wealth Management UK LLP
14 Cornhill
London
EC3V 3NR (Until August 2024)
Rathbones incorporating Investec
30 Gresham Street
London
EC2V 7QN (From August 2024)

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

Chairman’s statement

The Institute for Jewish Policy Research (JPR) has had an exceptional and highly productive year in 2024, marked by unprecedented demand for our expertise, record levels of research output, and deep engagement with Jewish communities in the UK, across Europe and beyond.

In the wake of the profound global and communal effects of the events in Israel on 7 October 2023, JPR responded with agility and rigour. We produced timely, evidence-based insights on antisemitism, Jewish identity, political engagement, education and community life, ensuring that leaders, policymakers, and the public had access to the most reliable data at a time of uncertainty and heightened concern.

Early in the year, our landmark National Jewish Identity Survey report provided the most comprehensive picture of Jewish life in the UK to date, and later in the summer we utilised our UK Jewish Population Research panel to run our Jewish Current Affairs Survey, which informed multiple reports on topics including antisemitism in schools, attitudes to Israeli leadership, post–October 7 antisemitism monitoring, and changes in communal engagement and participation among British Jews. We also produced thematic factsheets aligned with the Jewish calendar, and conducted the first-ever national survey of the UK haredi community. The second series of our popular podcast, Jews Do Count, produced in partnership with JW3, ensured these insights reached a wide audience.

Our European work went from strength to strength. We continued our work on a major European Commission– funded survey on attitudes towards Jews and Israel across all EU Member States, completed a full demographic study of Dutch Jewry, expanded our European Jewish Research Archive to hold over 5,000 items, and we began preparatory work on a tender for a new €3 million European Jewish Research Hub in 2025.

Beyond publications, JPR delivered presentations, briefings and media appearances at the highest levels, from the Organization for Security and Co-operation in Europe (OSCE) 50th anniversary conference in Helsinki, to the French National Assembly and multiple European Jewish leadership gatherings. Our research and analysis were quoted in over 100 media outlets worldwide, and our online reach grew to over 224,000 unique website users, 350,000 page views and thousands of downloads of our research.

None of this would have been possible without the steadfast support of our donors. I extend our deep gratitude to the Rothschild Foundation Hanadiv Europe, Pears Foundation, and the Maurice Wohl Charitable Foundation for their long-term, continued strategic investment in our research capacity. We are grateful also to the David and Ruth Lewis Family Charitable Trust, the Bloom Foundation, the Haskel Family Foundation, the Charles Wolfson Charitable Trust, the Kirsh Foundation, the Morris and Manja Leigh Foundation, and the many individuals whose generosity supports JPR’s work.

I also want to pay tribute to my fellow trustees for their commitment and wise counsel, and to acknowledge those who stepped down in 2024, most notably Stephen Moss CBE, who concluded his distinguished tenure as Chairman at the year-end, and whose outstanding leadership over many years has been instrumental in shaping JPR’s success.

Most of all, my thanks go to JPR’s outstanding professional team, led by our exceptional Executive Director, Dr Jonathan Boyd. Our research and operations teams have worked tirelessly to deliver the highest quality outputs in challenging times, and their dedication to JPR’s work is unwavering.

Looking ahead to 2025, JPR will strive to continue to deliver impactful research, including our Jews in Uncertain Times survey, a major analysis of the 2021 UK Census Jewish data, and our longitudinal study of British Jews’ relationship with Israel. We will also pursue new strategic initiatives, including work with the European Jewish Research Hub, expanded consultancy services, and potential new policy and intelligence functions for the UK Jewish community.

Despite the many challenges facing Jewish communities today, I remain optimistic about JPR’s future. We have the expertise, the vision and the partnerships to ensure our research continues to support the Jewish community’s needs in the UK, across Europe and beyond for many years to come.

David Ereira Chairman

Date:

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

The trustees present their Annual Report together with the Audited Financial Statements for the year ended 31 December 2024. The Institute for Jewish Policy Research is a charitable company limited by guarantee under registration number 00894309 and is registered by the Charity Commission under registration number 252626. Please refer to page 1 for further legal and professional information.

The financial statements have been prepared in accordance with the accounting policies set out in note 2 to the financial statements and comply with the charity's articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

The Institute for Jewish Policy Research (JPR) exists to enhance the prospects of Jewish communities in the UK and across Europe by conducting independent, high-quality research and supporting effective policy development. Our core aim is to provide community leaders, charities, governments and philanthropists with the robust data and insights they need to make informed decisions.

JPR’s work spans critical domains including demography, antisemitism, identity, education, health, welfare, community engagement, charitable giving and Israel–Diaspora relations. The Institute is non-partisan and nonideological in its outlook. Its purpose is to ensure Jewish life across Europe is understood and supported through data-led insights, not intuition.

In 2024, JPR focused on:

All our activities are for the public benefit and align fully with Charity Commission guidance.

JPR’S WORK IN 2024

JPR had a particularly productive year in 2024, reflecting our ability to address rapidly evolving communal needs. Against the backdrop of global and communal volatility following the events in Israel on 7 October 2023, JPR responded with agility and rigour, delivering a record volume of research outputs and responding to an extraordinary level of demand for insight, advice and partnership.

JPR carried out high-profile research on Jewish political engagement, communal identity, antisemitism and education. We supported governments, synagogues, schools, and charities with evidence-based insights. And we scaled up our communications and digital presence to ensure our findings were accessible and widely used.

Each publication was grounded in robust data collection and analysis and disseminated to audiences ranging from local synagogues to European policymakers.

Key Publications

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

Many of these reports were presented at public and private gatherings, briefings and events and further disseminated via community-facing factsheets. Working in partnership with JW3 and Earshot Strategies, we also ran a second series of our podcast, ‘Jews Do Count,’ focused on the data generated by our Jewish Current Affairs Survey. Each episode looked at a different theme (views of British Jews on how Israel has prosecuted the war; their sense of security and belonging in Britain; and their attachments to Israel and the Jewish community), and included a special guest in each episode. The episodes trending as the leading British Jewish podcast for several weeks.

Major research programmes:

2024 Jewish Current Affairs Survey : In June 2024, JPR conducted a survey examining perspectives among Jews in the UK regarding the 7 October 2023 events in Israel, the conflict in Gaza, levels of antisemitism in the UK, and the forthcoming UK General Election. The survey also gathered data on aspects such as religious practice, education, cultural engagement, charitable activities, views on Zionism, intermarriage, attitudes toward Israel, and overall wellbeing.

UK Haredi Survey : this first ever quantitative nationwide study of haredi (strictly Orthodox) Jews provided Strictly Orthodox Jews living in the UK with the opportunity to share their needs and opinions in order to enable policymakers to gain the insights necessary to plan for the community's future and help foster haredi Jewish life in the UK. It included questions on a wide range of topics, from family life, housing, education, health and socioeconomics to experiences and perceptions of antisemitism. Close to 2,500 haredi Jews participated in the survey making it the largest study ever to be undertaken on the haredi community in the UK.

European study of attitudes towards Jews and Israel : The European Commission awarded JPR and Ipsos this significant contract in September 2023 to conduct the first EU-wide study on this topic, covering all 27 Member States. The €1 million project seeks to explore the attitudes of the populations of each Member State towards Jews and Israel. Fieldwork for the study was delayed following the October 7 attacks, with the project temporarily halted in summer 2024 and expected to resume in 2025.

Commissioned research

JPR undertook a broad portfolio of commissioned research projects during the reporting period, addressing issues across education, welfare, identity, antisemitism, community demographics and institutional planning. These commissions reflect the wide-ranging expertise of JPR’s team, and the trust placed in our ability to deliver timely, sensitive, and empirically grounded insights tailored to client needs.

JPR was commissioned by a wide variety of clients in the UK and abroad, including the Jewish Leadership Council (JLC), Jewish Aids Trust, Jami, Maccabi UK and Haringey Council, and Joods Maatschappelijk Werk (JMW) and

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

Rosj Pina School in the Netherlands, showing its practical relevance to both national, international and grassroots institutions.

European Jewish Research Archive

Our European Jewish Research Archive is a unique open-access repository of research undertaken about contemporary Jewish life in Europe since 1990, aimed both at the research and policy communities. At the end of 2024, the archive housed 5,290 items of research across 62 countries and 32 languages. A new archive newsletter was launched and new content curation strategies developed in anticipation of JPR’s bid for the €3–3.5 million European Jewish Research Hub in 2025.

PUBLIC BENEFIT

JPR provides a public benefit by producing research that strengthens Jewish communal infrastructure, informs public policy, and improves understanding of minority communities. Our work is published freely online and is widely accessed by Jewish charities, government bodies, academics, journalists and the wider public. The Charity also presents its findings regularly to charities, synagogues, schools, government officials, civil servants and journalists, and its analysis supports policymaking in education, welfare, security, health and community planning.

JPR Trustees confirm that all of JPR’s activities provide public benefit and comply fully with the guidance issued by the Charity Commission under the Charities Act 2011.

JPR's aims and activities give clearly identifiable benefits to the public and continue to be charitable. The work particularly benefits the Jewish voluntary sector in the United Kingdom and elsewhere in Europe. Through its pioneering social research, JPR also makes contributions to the wider voluntary sector by sharing its knowledge and scholarship, thereby benefiting wider society. The benefits are not unreasonably restricted in any way.

PERFORMANCE AND IMPACT

During 2024, JPR continued to deliver talks, conference papers, media interviews, and stakeholder briefings across Europe and the UK. These engagements reflect the breadth of JPR’s work and the variety of its audiences – from government policymakers and academics to Jewish communal leaders and the general public.

JPR presented findings to:

These wide-ranging engagements underscore JPR’s role as a data-rich, policy-relevant and intellectually engaged institution that bridges academic rigour with real-world impact. They also reflect JPR’s growing prominence as a thought leader and trusted research institution. From parliaments and media platforms to grassroots events and academic conferences, JPR has ensured its insights are not only published but meaningfully shared and applied across multiple spheres of influence.

Communication and media

Communicating our work clearly and persuasively is central to JPR's impact on policy work in Jewish communities. During the reporting period, we significantly expanded our media presence, ensuring that our research reached national and international policymakers, Jewish community lay leaders, educators and funders, and grassroots community members. JPR research is regularly quoted by reporters and researchers in the UK, across Europe and worldwide.

JPR was quoted in over 100 media articles in national, international, Jewish and specialist press. Our work appeared in The Times, The Guardian, The Observer, BBC News, Sky News, The New-York Times, Financial Times, Haaretz, The Jerusalem Post, The Times of Israel, The Jewish Chronicle, The Jewish News and other key publications.

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

JPR’s Executive Director and staff authored over thirty op-eds and commentary pieces during the reporting period. Topics included opinions on October 7 and the war in Gaza, antisemitism and its effects on Jewish identity and peoplehood, Israel-diaspora relations, the importance of research and data to policy work in the community, Jewish demography, immigration and Jewish education.

Throughout 2024, JPR published 19 thematic newsletters reaching an average of over 4,500 subscribers per edition. These newsletters focused on distributing new reports, surveys and factsheets; promoting participation in key research activities; and advancing our fundraising goals. With average open rates above 44% and click-through rates often exceeding sector benchmarks, engagement was notably strong.

The Charity’s website remains a key distribution hub for JPR publications and factsheets. Over 224,000 users visited our website during the year, with a total of 350,000 pages viewed. Nearly 7,600 files, mainly reports, were downloaded by 3,500 unique users.

In 2024, we focused our social media efforts on maintaining an active presence on Facebook, Instagram, X (formerly Twitter), and LinkedIn, sharing new reports, insights, media appearances and updates on our efforts to disseminate our work to high-level policymakers and leaders, as well as supporting our ad-hoc paid Research Panel campaigns.

Collectively, these performance achievements confirm JPR’s status as the leading voice for Jewish related data in the UK and a trusted source of insight at the European level.

FINANCIAL REVIEW

The results for the year are shown in the Statement of Financial Activities on page 14.

Total income in 2024 was £1,140,303, with expenditure at £1,042,035, resulting in an operating surplus of £98,268 for the year (total income and expenditure for 2023 were £956,309 and £1,009,625, respectively).

Income Breakdown

RESERVES POLICY

JPR's reserves policy is to seek to retain three to six months of operating expenditure. This amounts to between £260,509 (2023: £252,406) and £521,018 (2023: £504,812). As of 31 December 2024, there were unrestricted funds of £354,503 (2023: £357,762), which is in line with the target range as set out above. Of these funds £2,490 (2023: £3,320) were held as intangible fixed assets, £66,474 (2023: £80,112) as tangible fixed assets and £105,220 (2023: £69,646) as fixed asset investments leaving free reserves of £180,319 (2023: £204,684).

JPR has adopted this policy to cover the risk of any unforeseen emergencies, such as unexpected IT costs or dayto-day operational costs, including employing temporary staff to cover sickness absence during major projects. The policy is designed to deal with fluctuations in income, such as late payments for commissioned work or large grants being delayed or not renewed. The reserves will ensure expenditure is covered on preparatory work on projects, as well as any necessary organisational development costs not covered by income.

The policy of holding three to six months' reserves enables JPR to develop new sources of finance or cut back on expenditure should an emergency arise. In the meantime, the policy provides a stable base for JPR's research and the dissemination of the results to assist Jewish communities in the UK and continental Europe.

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

PERMANENT ENDOWMENT INVESTED ON TOTAL RETURN BASIS

The MCA Endowment Fund is a separate fund for the purpose of promoting and assisting the preparation and production of research into the state of contemporary Jewish communities in the UK and across Europe, together with the promotion of other charitable aims, objects and activities of the Charity as shall be conducive to the implementation of the said purposes. Further details on the fund are disclosed in note 20 to the financial statements.

After many years with LGT Wealth Management as our investment fund managers, it was decided to make a change. In late April, our Investment Committee was delegated the responsibility to meet with potential new fund managers and make a recommendation to the Board. After a thorough process, the Committee was unanimous in recommending Investec/Rathbones be appointed as JPR’s new investment managers. They formally took up this appointment in August. The funds are not invested in any companies involved in the manufacture and distribution of tobacco and arms or any companies that boycott Israel.

RISK ASSESSMENT

Risk management is reviewed regularly by staff and a Risk Register is submitted to the Board for approval on an annual basis. The Directors have identified the main risks to which the charitable company is exposed and have taken steps to mitigate them.

LOOKING AHEAD TO 2025

As we look forward to the year ahead, we do so with both pride in our achievements and a clear understanding of the opportunities and challenges that lie ahead. In early 2025, JPR has already presented its work across a wide range of influential platforms – nationally and internationally – including the OSCE’s 50th anniversary conference in Helsinki, the French National Assembly, and forums hosted by the JDC, Yesod, UJIA, the Jewish Leadership Council, and the Jewish Labour Movement. We have delivered commissioned research projects for the JLC, Rosj Pina School in Amsterdam and the Jewish Aids Trust, reflecting the high demand for our expertise across Europe.

Our research agenda for the coming year is extensive and ambitious. We will undertake a new national survey of the UK Jewish population, drawing on JPR’s research panel to investigate Jewish responses to contemporary issues such as antisemitism and the war in Israel/Gaza. We will continue to partner with Ipsos on a major European Commission-funded project exploring attitudes toward Jews and Israel across all 27 EU member states and key demographic groups.

We will also publish or work on several significant reports in 2025. These include:

We will also be working in partnership with the European University Institute in Florence to submit a tender for the development of a new European Jewish Research Hub – an ambitious €3 million initiative by the European Commission. As ever, we will continue to maintain and curate our European Jewish Research Archive and work to ensure that it continues to serve as an essential resource for policymakers and researchers.

Operationally, as always, we face some pressing financial realities. We aim to reinforce and strengthen our already robust relationships with our long-term funders such as the Rothschild Foundation Hanadiv Europe, Pears Foundation and the Wohl Foundation whilst seeking new foundations and trusts to invest in our work.

To support our organisational goals, and with limited resources to enhance our communications strategy, we will look to streamline our efforts in this area whilst acknowledging the shifting landscape and the emergence of AI. The Charity will also be actively recruiting new trustees to bring additional strategic fundraising and communications skills to our Board. We will also be exploring longer-term development initiatives that could expand our contribution to the UK Jewish community. These include establishing a Jewish policy unit, an intelligence-gathering function focused on key policy challenges, and a more active consultancy service to support community organisations with independent, high-quality advice.

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

Despite global volatility and uncertainties, JPR remains a vital and uniquely positioned institution. Our work in 2025 promises to be far-reaching, and we are committed to ensuring that our research continues to inform, support and strengthen Jewish life in the UK and across Europe for years to come.

STRUCTURE, GOVERNANCE AND MANAGEMENT

JPR is governed by a Board of Trustees under Articles of Association. The trustees met quarterly in 2024, supported by subcommittees focused on finance, investment fundraising, nominations and communications.

Organisational developments

AUDITORS

A resolution proposing the reappointment of A C Mole LLP as auditors will be put to the members at the Annual General Meeting.

SMALL COMPANIES PROVISION STATEMENT

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

POST BALANCE SHEET EVENTS

Details of post balance sheet events are included in the Notes to the Financial Statements.

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024

STATEMENT OF TRUSTEES’ RESPONSIBILITIES

The trustees (who are also directors of The Institute For Jewish Policy Research for the purposes of company law) are responsible for preparing the Trustees' Report (incorporating the directors’ report) and the financial statements in accordance with 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).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

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

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

David Ereira Chairman and trustee Date:

Denise Nicole Joseph Trustee

Date:

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Independent Auditor’s Report For the Year Ended 31 December 2024

Independent auditor’s report to the Trustees of The Institute for Jewish Policy Research

Opinion

We have audited the financial statements of The Institute for Jewish Policy Research (‘the charitable company’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards comprising Charities SORP – FRS 102 ‘The Financial Reporting Standard 102: The Financial Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

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

Other information

The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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The Institute for Jewish Policy Research (A Company Limited by Guarantee) Independent Auditor’s Report (Continued) For the Year Ended 31 December 2024

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report included within the trustees’ report.

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

Responsibilities of trustees

As explained more fully in the 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 being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

The trustees’ have elected for the financial statements to be audited in accordance with the Charities Act 2011. Accordingly, we have been appointed under Section 144 of the Charities Act 2011, and report in accordance with that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks of material misstatement due to irregularities

We considered the following when identifying and assessing risks of material misstatement due to irregularities, including fraud and non-compliance with laws and regulations:

Laws and regulations which are considered to be significant to the charitable company charity include those relating to the requirements of the financial reporting framework FRS102, the Companies Act 2006, the Charities Act 2011,

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The Institute for Jewish Policy Research IA Company Limited by Guèranteel Independent Auditorf5 Report (Continued) For the Year Ended 31 December 2024 UK tax legislat￿n. the Charity Commissron. ernployrnenl law and heallh safety- In addith"on, we consider other laws and ￿9ulatIOn which may not direclly impact the fin8nrial statemenb but may impact on the operation of the charitable cotnpaTry. A5 a result of Ihese procedures we concluded. in acCO￿an￿ wth lTrlemational Audib'ng Standards. that a risk in relation to the potential for management override of controls existed. Audit responses to rlsk$ Identifie We undertook audit proce<lures to resp)nd io Ihe risks Klentifd and ¢JesvJned ouraudit tesb'ng to resrM)nd io these risks. The additional procedures we undertook i￿￿￿e<l the following.. gsining an understanding of the charilable cornpanls Fwocedur88 lor ensuring comKAiance with laws and regulations teslifjg the appropriatenes5 of jovmal entries and olher all1￿trnents considering whether acc(xJnling eslimaies We￿ indtalive Of potential bias considering whether any transaction$ arose (xJt5i¢Je the norrnal cours8 of bvsiness making enquiries of management corrobtsmting our enquiries through r8vi8w of Board Minutes and ¢tyresJ)ondence. We also communicated rel8v8nt laws and regUlatic￿$ aThJ wtents.al fraud ri5k5 to all engagement team members and rernained alert to ary indKators of frawj of rnn<omplianc8 with laws and regulab.￿S ¢hroughout the audit. A further description of our iesponsitmlilies is available on the Financial Reporting Council's website at.. www.frc.or .uklaudilorsr8S s. This dewption fomis part of ouf auditor'5 report. Use of our report This report is made solely to charitable ts)mpany s membeTS. as a body. in accordance with section 144 of the Charities Act 2011. Our audit work has been uwHJertaken so that we rn￿ht slate to the ¢harilable wmpany's members Ihose malters we are requiied to slate io them in an auditor's reKKJrt and for ￿ olher purpose. To the fullest extenl permitted by law, we do nol accept or assume resp)nsibility to anyone oiher than the chari18bl8 company and the charilable ¢cmpany's trustees as a L¥xly. f￿Our audit work, for Ihis ￿pOrt. orfor the opinions we have fom)ed. A C Mole LLP is eligib18 lor arv)intment as a(rtlitc of the charity by virlue of its dwJibility for appointmenl as auditor of a Company under seclion 1272 01 the Companies Act 2006. 7¥CmotL LLP A C Mole LLP (Senior Stalutory Auditor) Chartered Accountants and Slatutw Auditoi Stafford House Blackbrook Park Avenue Taunton Somersel TA1 2PX 08te'. 22ikl.J.pl£ukwC 20Lr Pa9e13

The Institute For Jewish Policy Research Statement of Financial Activities for the Year Ended 31 December 2024 Ilncluding Income and Expenditure Account) Unrestricted funds Restricted funds Endowment funds Total 2024 Note Income Donations and legac*s Ch8ritsble activibe5 Investment income 225,153 420.294 205,45S 225,153 709.695 205,455 289.401 Total income 6￿),￿2 289,401 1.140,303 Expenditure Raising funds Charitable activibès 160.536) 793.625 160,5361 981,499 187.874 Total expenditure Gains on investrnent assets 1854.161) 1187,8741 11,042,035) 12,354 12,354 Nèt l•xpenditurgifincom¥ 3.259 101,527 12,354 110,622 Nel movernenl in fund5 {3,2591 101,527 12,354 110,622 Reconciliation of fund• Total funds brought forward 357,762 11,718 2.664,600 3.034,080 Tol81 funds carrie<l fO￿¥r 20 354,503 113,245 2.676,954 3.144,702 Unre8trict•d fund8 R•8trlct•d fund8 Endowmént funds Total 2023 Note Incom? Donations and legac￿$ Charitable aclivibe8 Investment income 201,242 419.872 1C6,Crf)1 201,242 649,066 106,001 229.194 Tol81 income 727.115 229.194 956,309 Expenditure Raising funds Charitsble actiwbes 134,4511 608.455 122,5221 158,9731 952,652 344.19 Total expenditure Gains on investment assets 1642.S¥J61 1344.19n 122.5221 85.387 11.009.625) 85.387 Net Incomellexpenditur81 Transfers be￿een funds 84,209 94,949 1115,1X)31 94,949 62,885 32,071 Net movement in fvnds 110,740) 120.0541 62,865 32,071 Rèconeiliation of funds To181 lunds brought lorward 31,772 2.601,735 3.002,009 Total funds carried foMard 20 357,762 11,718 2.664,60(1 3,034,080 The notes on pages 17 10 34 form an integral part of these finan(ial statements. Page 14

The Institute For Jewish Policy Research (Registration number: 00894309) Balance Sheet as at 31 December 2024 2024 2023 Flx•d assèts Intangl￿e assets Tangible assets Investments 14 15 16 2,490 66.474 2.782,174 3,320 80.112 2.734,246 2.851,138 2.817,678 Current assets Debtors Cash 81 bank and in h8nd 17 18 182,699 181.680 47,525 225,882 364,379 273,407 Creditor8'. Amounts falling due wSthSn one year 19 70,815 57,005 Nèt eurr•nt a8séts 293,564 216,402 N?t as¥et8 3.144,702 3.034,080 Funds of the charlty.. Unrestricted funds 354,503 357,762 Restricted funds 113.245 11,718 Endowment funds 2.676,954 2.664,600 Total funds 20 3.144,702 3.034,080 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 20C6 for the year ended 310ecember 2024. The members have not required the charitable company to obtain an audit ol its financial statements for the year ended 31 December 2024 in accordance wih Section 476 01 the Companies Act. The members have elected for ihe financjal statements to be audited in accordance wth Ihe Charities Act 2011. The fin8n¢i81 $temenl$ on page$ 14 10 34 %bre ar4)r0¥8(I by the InJ$lee$, and aulhorised for issue on 22109r2025......... and Signed on their behalf by.. David Malcolm Ereira Chairman and tiust8e Denise NICO￿ Joseph Twslee The notes on pages 17 10 34 form an integral part of these finan(ial statements. Page 15

The Institute For Jewish Policy Research Statement of Cash Flows for the Year Ended 31 December 2024 2024 2023 Cash flows from operatlng actSvStles Net income 110,622 32,071 Adjustments to cash flows from nonwcash items Depreciation Amortisation InvestTnent income Loss on disposal of investments Revaluation of investments 15 14 13,63B 830 {205,4551 11.013 123,367 13,204 830 1106,0011 10.257 95,644 192,7191 1145,2831 Working capital adjustments Ilncreaselldecrease in debtors Increaselldecreasel in creditors 17 19 1135.1741 13,810 30,728 11,854 Nèt cash flows from operating adiviti¥$ 214.083 126,409 Cash flow8 from investlng actlvlti68 Interest receivab￿ and similar income Purchase of tangible fixed 8$$ets Purchase of investments Sale ol investment$ 205,4S5 106,001 14,6941 1784.9781 739,790 15 16 {3.054,5481 3.049,385 N&1 cash flows from inv¢$lin9 a¢tiviti&s 200.294 56.119 Nel decrease in cash and cash equivalents 113,7891 230,856 170,2901 301,146 Cash and cash equNalents at 1 January Cash and cash equNalents at 31 December 217.067 230,856 The notes on pages 17 10 34 form an integral part of these finan(ial statements. Page 16

The Institute For Jewish Policy Research Notes to the Financial Statements for the Year Ended 31 December 2024 1 Charty stst The charity is limited by guarantee, incorporaled in England & Wales. and consequenty does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered tsffi￿ is". 6 Greenland Place London NW1 OAP 2 Accounting policies Summary of slgnlfieant aeeountlng polleles and key aceountlng ètlmats8 The principal accounting poliries ap￿led in the preparation of these finanrial stslemenls are sel out below. These policies have been consislenlly applied lo all the years pre5enled. unless othe￿ise stsled. Ba818 of pr•paratlon and statèmént of eompliane• The financial statements have been prepared under the hislorical cosl convention with items recognised at COBt or transaction value unless slated othewse wthin these notes. The finanaal staternenls have been prepared in accordance with Accounting and ReFM)rting by Charrties.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance wlh Ihe Financial Reporting Slandard applicabse in the UK and Republic of Ireland IFRS 10211 lissued in October 20191- Icharilies SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland IFRS 1021 and the Compan￿$ Act 20CkS. The Institute For Jewsh Policy Researth meets the deffinrtion of a public benefft entty under FRS 102. The presentali¢n currency of the fin8nrAal statements is the Pound Slewling 1£). Golng cone•rn The trustees consider that there a￿ no material uncertainties aboLrt ihe charity's ability to continue as a going concern nor any significant areas of unceriainty that affect the Cal￿ng value ol assets held by the charity. Income All income is recognised once the charity has entillemenl to ihe income, it is probable that the income will be received and the amount of the i￿orne re￿1vable can be measured reliably. Donatlons and legacles Donations are recognised when the chanty has been notified in writing of both the amount and settlement date. In the event that a donation is subj'ect to conditions that require a level of perfomiance by the charity before the chanty is entitled to the funds, the income is deferred and not ￿CogniSed until either those conditions are fully met, or the fu￿lIMent of those condrtions is wlwlly wrthin Ihe c(M)trol of th& chanty and it is probablè that these conditions will be fulfilled in the reporting period. If there is a Service Level Agreement or Contrad in Flace income from administralw)n charges is taken into account in the period lo which it relates. For legaaes, entitlement is the earlier of the charity being notffied of an impending distribution or the legacy being received. At this point income is recognise(l. On occasic¥) legaoes bill be notified to the charity however it is not possible to measure the amount expected to be distributed. On these occasions, the legacy is treated as a contingent asset and disdosed. Page 17

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 2 Accounting policie¥ Icontinuedl Donated services and facilities In accordance with the Charities SORP IFRS 1021. any unpaid general volunteer bme is not recognised in the financial statements. Investment income Interest on funds held on dèFX)Sit is induded vjhèn rÈcÈivablè and the amunt can bè mè8sur8d rèliably by the charity, this is nomally upon notifical)￿ of the interest pa￿ or payable by the bank. Dividènds are r•cognised once the dividend has b8en dedared and notifiratK)n h85 been received of the dividend due. Expendlture All expenditure is recognised once there its 8 leg81 or conslnKti¥e obligation lo that expenditure, il is probable settlement is required and the amount can be rneasured reliably. Al costs are allocated to the applicable expenditure heading that aggregate Similar costs to that category. Where costs cannot be directy attributed lo particular headings they have been allcK8led on a basis con51s1enl with the use of resources. Ralslng fund$ These are costs incurred in attracting voluntary inc￿rne, the managemenl of investments and those incurred in trading activities that raise funds. Ch•rft#bl¢ •¢tlvltltrs Charitable expenditure comprises those costs incurred by the charity in the d&livery of its activities and services for its beneficiaries. It includes both costs thal can be allocated direclty to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs 8re those that 8SSlSt thè work of thè Charity but do not direcfy rèpresent ch8ritable 8CtivrtiÈs and include office costs, governance costs and administrative payroll costs. They are incurred directly in support of expenditure on the objects ol the charity. Where support costs cannot be directty attributed to particular headings they have been allocated to costs of raising funds and expenditure on charita￿e activities on a basis consistent with use of the rèsources. Support costs dètailèd in the notès ar• allocatad on the basis apportionment of thè time spent on these activrties. Governance costs Govemance costs are included wthin support costs and comw.se all costs associated wth meeting the nslilulional and stslutory requirements of the Gharty and indude professional fees and costs linked lo the stratÈgic managèmènt ofthe ch8rty. Irrècoverable VAT Irrecoverable VAT is tharged against the category expendilvre for whith li was incurred. Taxation The charrty is a registered charity and is. Iherefore. exempt from liah'lity lo taxation on ifs income and capital gain5, to the extent that such income or gains are applied e￿uSive1Y io tharrtable purposes. Intangible as8ets Intangible assets are stated in the Balance Sheet ai cost less accumulated amortisation and impairment. They are amortised on a straight line basis over their estimated useful lives. Page 18

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 2 Accounting policie¥ Icontinuedl Amortisation Amortisation is provided on intangible fixed assets so as to 7*nite off the cost, less any estimated residual value, over their expected useful economic lrfe as follows." Asset elass Tradem8rk3 Amortlsatlon method and rats 10 Year Str8ight Line Tangible fixed a¥sets Tangible fixed assets are initialty recorded at cost. l•ss any subsequent accumulated depreaation and subsequent accumulated impairment losses. Depreciation and amortisation Depreciation Is provided on tangible fixed assets so as to wrfe off the ¢osl or valuation, 188$ any eslimaled rèsidual value, over their expe¢teiJ uselul economic lrfe a$ Idlows". A8S•t el•$• Leasehold Building Fixtures & Fittings Cornpuler Equiprnent D•pr•elatlon m•thod and raté Over the temis ol lease S Year Straight Line 3 Ye8r Straight Line Fl¥ed a$$et 5nve¥tsnents Listed investments Listed investments are a fomi of basic financ41 instrument and are inrtially fecognised at their transaction value and subsequently measured al fair value at the balance sheet date using the dosing quoted market price. The Slalement of Financial Activrties includes the nel gains and losses arising on revaluation and disposals throughout the period. The charity does not acquire or use put optsons, derivatives or other complex finanaal instruments. Realised gains and losses All gains and losses are taken lo the Statement of Financial Activities as they arise. Realised gains and losses on investments are calculated as Ihe differen￿ be￿¥een sales proceeds and their opening carying value or their purchase value if acquired subsequent to Ihe first day of the financial year. Unrealised gains and losses are calculated as the difference be¢ween the fair value at the perioj end and their carrying value. Realised and unrealised investment gains and losses are combined in the Statement of Financial Activrties. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily conveth'ble to a amount of cash and are subject to an insignificant risk of change in value. Forelgn exchange Transactions In fO￿Ign cur￿ncieS a￿ recorded at the rate of exchange at the date of the transaction. Monetary 855els and Iiabilibes denominated in foreign currencies at Ihe balance sheet date are reported at the rates of exchange provailing at that date. The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates mling at the balan￿ sheet date. Exchange differen￿$ arising on tranSlat￿)n of the opening net assets and results of ovefseas 0￿￿3110n$ are reported in the Statement of Finanual Acbvth'es. Page 19

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 2 Accounting policie¥ Icontinuedl Fund stNcture Unrestricted income funds are general funds that are available for use at the trustees discret¥)n in furtherance of the objectives ol the charity. Designated funds comprise unrestricted fvnds that have been sel aside by the trustees for particular purposes. The aim and use of the deS￿nated funds are set OLrt in Ihe notes to the finanaal statements. Restricted income funds 8re those don8ted lor use in a particular area or for speryfic purposes. the u8e of whith is reslriLted lo Ih818re8 or purpose. Permanent endowment fvnds represent those assets whid) must be held pemanenlly by the charity. Income arising on the permanent endowment funds can be used in aCcOrda￿e bwlh the objects ol the charity and is included as unrestricted income. Any capital gains or losses arising on the investments form part ol the fund. Investment management fees relating to Ihe endowment investments are charged to unrestricted income funds. In previous periods the investment management fees were tharged against ihe endowment fund. Pen8ion8 The charitable company operates a defined contributKJn pension scheme. The assets of the scheme are held separately from those of the tharitable Company in indepèndenly administered fvnds. Conlnbulion$ are ¢haig¢d lo the Statèment of Financial Activities a$ thèy ￿coMe payablè in accordance wth the rul&$ of thè schemè. Leaslng Rentals payable under operating leases are ¢harged lo th& Stalemenl of Fin¥naal A¢tivilie$ on a slr8ighl lino basi8 over the period of the lease. Flnanelal Instrumènts The charity only enters into basic financaal instruments Ihal result in the recognition ol financial aBsels and liabilities such a5 trade and olher debtors and rJeditors together wilh loans to relaled parties. Debt instruments. 5uth as trade debtors and credilor3, are inibalty measured al transac11￿ price and Subsequently measured al 8mortised co81. Financial assets are assessed at the end ol each reporlirvJ period for cl)Jective evidence ol impairment. If objective evidence of impairment 18 found. ￿ impaiment l¢)ss is re¢ognised in the in¢une Stslernent. Crltlcal aeeountlng Judg•m•nts and •8timation une•rtalnty The preparation of the financial slalements in conformity wrth FRS 102 requires management to make judgements. estimates and asSump1￿S Ihal affect the application of policies and reported amounts of assets and liabilities, incorne, and expense5. Eslimales and judgements are ojnlinualy evalualed and are based on historical experience and other factors, including expectations of fvlure events that are believed to ￿ reasonable under the circumstances. The charity rnakes estimates an(1855umptions Ixjnceming the fvlure. The resulting accounting eslimales will. by definition. seldom equal the related actual resulls. The Iruslees consider that the following critical accounting estimates and judgements have a significant risk of causiThJ a material adjustment to the carrying amounts of 8ssets and liabilities wthin the next financ￿1 year. To determine the proportion of comrnissk)ned projects that have been Complet￿1. the trustees use costs incurred 8s a basis and judge that irwffle to be recogni5ed is equivalent to that. Any actual surplus or deficit is determined at proje(* wmpletion and transfetTed to or from unrestrided funds. Page 20

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 3 Income frorn donations and18gaci8S Unrestricted funds Restricted funds Total funds Donations and gifts Gift aid 223,194 1.959 223,194 1,959 Total for 2024 225,153 225,153 Donations and gifts Gift aid 197,415 3.827 197,415 3,827 Totsl for 2023 201,242 201,242 4 Income from charitable activitieB Unrnstrl¢t¥d funds R¥strl¢tsd fund• Totsl fund• Re￿9rCh proje¢t$ and sales of reports 420,294 289,401 709,695 Total for 2024 420,294 289,401 709,695 Re￿arch projects and sales of rèports 419,872 229,194 649,066 Total for 2023 419,872 229,194 849,066 S Invostsnent In¢om• Unrestrlcted lund8 Re8trlctsd funds Total funds Income from investments General bank interest receivable 201,235 4,220 201,235 4,220 Total for 2024 205,455 205,455 Income from invèstmènts General bank interest receivable 103,372 2,629 103,372 2,629 Totsl for 2023 11ffi,(A)1 106,001 Page 21

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) fj Expenditurg on raising fund Unrestricted funds Restricted funds Endowment funds Totsl funds Fundr8isirvJ for donations Support costs 46,6( 13,930 13,930 Totsl for 2024 60.536 60.536 FundraisirrfJ for donations Support costs 34.451 34,451 22.522 22.522 Totsl for 2023 34.451 22,522 56,973 7 Exp*ndltur• on ¢h•rttsbl¢ •¢tlvltl¢s 2024 2023 Not• Research project costs Lectures and Seminars Research and organisational developm￿1 rA)sts 649,949 19,725 126,345 600,727 17,oe6 114,407 796.019 732,200 Share of 8UPPOrt costs 185.480 220,452 981,499 952,652 Analy81$ by fund UniÈstnctÈd funds Restricted fvnds 793,625 187,874 608,455 344,197 981.499 952,652 Page 22

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 8 Anal￿1¥ of ¥upport Governanee costs 2024 Support costs 982 36.367 76.271 33,797 13.638 1.272 830 Database Staff c05t Premises General office costs Depreciation and leasehold amortisation Bank charges and exchange rale dIffe￿nCe Amortisation of trade marks Auditor remuneration Legal and professional 982 36.367 76.271 33,797 13.638 1,272 830 16.770 5,553 16,770 5,553 163,157 22,323 185,480 Governanc? 2023 Support costs Database Staff cost Premises General Offi￿ costs Dèpreciation and18asèhold amortisation Bank charges and exchange rate difference Amortisation of trade marks Auditor remuntrralion Legal and professional 1,190 66,056 72,208 33,527 13,204 1,589 830 15,900 15,948 66.056 72,206 33.527 13,204 1.589 830 15,900 15,948 188.604 220,452 9 Tru8tse8 reMUnera￿on and expenses None of thè trustèès r￿1ved rèmun•ration for their $eMce$ nor did thty recèivè gny r&imbursèmont of expenses during the year12023." Non&). Page 23

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 10 Stsff ¢osts The aggregate payroll costs were as follows. 2024 2023 Wages and salaries Soci81 security costs Pension costs 563,010 62.458 37,551 532,609 58,961 34,423 663.019 625.993 The number of employees %those em￿￿m￿lS fell wthin the follM'ThJ bands was.. 2024 No 2023 No £60,001- £70.000 £70,001- £80.000 £90,001- £100,OCQ £120,001 - £130,OQ) The key managernent personnel comprise the Executive Diredor 8nd the Director ol Oper8lion$. The total employee benefits of the Executive Director and the Dire¢tty of Operatitins were £246.56412023. £232.7051. 2024 2023 Average number ol employees 11 Auditors. remun¢ratlon 2024 2023 Audit of the charity's annual accounts Other $ervice5- preparation of the annual a¢¢ounts Other services- predecessor firm 11,610 5,180 10,8 4,800 3C4) 16.770 15.9CM) Page 24

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 12 Taxation The charity is a registered charity and is therefore exempt from taxation to the extent that such income or gain is applied to Chartsb￿ purposes. 13 P•nslon costs The ch8ritsble company oper81e8 a conlritwlory perh51￿ scheme. 11 is a defined contribution schem8 and nlribulions are charged In the stslement of finanryal adivrties as they are paid. The ¢hargg for the year was £37,551 12023". £34.4231 and the liability outStandin9 at the year end was £3.540 {2023.. £1,709). 14 Intangible flxed assets Trademark Total C08t Al 1 January 2024 8,300 At 31 December 2024 8,300 Amortisatlon Al 1 January 2024 Charg$ for the yaar 4,980 630 4,980 830 Al 31 December 2024 5.810 5,810 N•t book valu• At 31 December 2024 2.490 2,490 Al 31 December 2023 3.320 3,320 Page 25

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 15 Tangibl8 fixed as89ts Improvement to leasehold building Flxtures and fittings Computer equipment Total Cost At 1 January 2024 101,392 9.595 19.541 130,528 Al 31 December 2024 101.392 9.595 19.541 130.528 DeprecSatlon At 1 January 2024 Charge for the year 29.337 10.139 5.326 1.919 15.753 1.580 50,416 13,638 At 31 December 2024 39.476 7,245 17,333 64,054 N?t book value At 31 Decembèr 2024 61.916 2.350 2.208 66,474 Al 31 December 2023 72.055 4,269 3,788 80,112 Page 26

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 16 Fixgd a¥￿t investments 2024 2023 Listed investments Cost or Valuatlon At 1 January Additions Disposals Revaluation 2.729,272 3.054,546 (3.060.398) 23,367 2.598,696 784,978 1750,0461 95,644 Al 31 December 2.746,787 2,729,272 Cash held within investmenl portlolio 35,387 4,974 Al 31 December 2.782,174 2.734,248 17 D•btors 2024 2023 Trade debtors Pr$paym$nl$ and ¥c¢we<l In￿Me other debtors 49,768 109,216 23,715 23,032 24,493 182,699 47,525 18 Cash and cash equlvalents 2024 2023 C88h al bank Cash held within investmeni portlolio 181.680 35,387 225,882 4,974 217,067 230,856 19 Cr•dltorn: amounts lalling du• wlthin anè y•ar 2024 2023 Trade creditors Accruals Other creditors Other taxes and social security costs 13,1C6 28,346 9.838 19,525 1,069 27,813 9.245 18,878 70,815 57,005 Page 27

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 20 Fund$ Balance at Other 31 recognised December Expenditure Transfers gainslllossesl 2024 Balance at 1 January 2024 Income UnMstdet•d funds Unrestrided funds 357.762 705.￿2 1545,965} I163.1￿) 354,503 Designated lunds 145,(￿￿) 163,1 Totsl unre8tricted fund¥ 357.762 8￿,￿2 854,161 354,503 Restricted fund8 Commission.. Study of Antisemitic Attitudes Project". European Je¥w$h Demography Unit Jews in the Nelherf8nds'. A SOci￿Dernograph Portrait Commission.. JAMI Commission 1.. JLC Jewish Aids Trust Maccabi G8 Panel Upgrade & Analysis Commission 2.. JLC 122.451 {40.1C(11 82,351 6,920 100.oc (103.24n 3,673 (10,0￿)} 14.349} 11.2981 18.014} 14.438) 3,500 1,298 14.C(KJ 13,151 11.2141 10,562 15,C(X) 8.650 17,499} 8.929 1,151 3,571 11,718 289.401 1187.874} 113,245 Endowrnent fund$ MCA permanent endowment fund 2.664.6C(I 12.354 2.676,954 Total fund8 3.034,080 1.140.303 1.042.035 12.354 3.144,702 Page 28

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 20 Funds l¢ontinuedl Balance at Other 31 recognised December Expenditure Transfers gainslllossesl 2023 Balance at 1 January 2023 Income UnMstdet•d funds Unrestrided funds 368.502 562,115 1318,570} 1254.285) 3S7,762 Designated lunds 165,(￿￿) 1S9,336 324,33 Totsl unre8tricted fund¥ 368.502 727,115 94,949 357,762 Restricted fund8 Commission.. Study of Antisemitic Attitudes Project". Communications Project.. European Jewsh Demography Unit Project.. European Commission Mapping Jws in the Nelherf8nds'. A Soci(>D¢mogfaph Portrait Commission.. JAMI Commission 1.. JLC 28.8C(I 2,972 (57.9251 1107,492} 29.125 44,520 60,CO) 120,C 1113,080) 6,920 3,056 {17,5681 14,512 40.C {46,792} 6,792 3,500 1,298 1.340 31,772 229.194 1344.19n 94,949 11,718 Endowrnent fund$ Permanent MCA permanent endowment fund 2.601,735 2.S22 8S,387 2.664,600 Totsl fund¥ 1.(NJ9.625 85.387 3.034,080 Page 29

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 20 Funds l¢ontinuedl Endowment funds The MGA Endowment Fund is a separate fund for the purpose of proffloting and assisting the organising and carrying out of research into the State of the contemporary Jwsh communibes in the UK and elsewhere in Europe together wth the prOMotK￿ of other tharitable aims. objects and activities of the Chanty as sh811 be conducive to the implementation ol these purposes. The income of the Fund may be spent by the Charity on 8 year lo year basis as long a5 the total of Ihe incorne and gains spent in any one year doe5 not exceed 8°/0 of the Original Grant1$5.(X)O,OCK) converted lo £3.466.337 at the date transferreill as increased annualty by the Unrted Kingdom Retail Prices Index I'RPI'I. The origin81 gr8nt 15 8 permanent endovAnenl. the captsl of which must be retsined. In order for the realised and unrealised gains lo be spent rt is necessary lo sali$fy the following conditions.. 111 The first ¢¢)ndilion is that the tolal amounl of income and gains sptrnl in any lu# financial year of the ¢harily must not exceed 80k of thtr Onginal Grant as increased by the perc£ntag8 In¢reas&. if any (ignoring any reducliMI in RPI, from the 31 sl December 2020 to the beginning ol the financial year. 121 The $econd eondition is Ihal 30 days befo￿ the InJ$lee$ re$olve to spend th& ¢gpi181, the market value of the eapital ol thè Fund must not bè le$s than the Onginal Gfanl linueased in a¢¢ofdance with RPII aftèr excluding Ihg gain$ rg$olvs<l lo be Swnl. 11 is possible to carry foNrnrd any unsF4nl part of th• 8% and il in subsequent finanoal years In addillon lo tha 80A limit for each yèar. The Fund is invested on professional advice in order lo obtain ihe maximum kng-terni rdum (net of any tax) whi¢h 1$ regard￿ from lime to lim¢ as a prudenl targ￿ lor the Fund. Page 30

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 20 Funds l¢ontinuedl Restrlcted Funds The aim and use of each restricted fund is as follows.. lal Project. Study of Ant15emilic Attitudes - first run by JPR together with Ipsos MORI in 2017. thi5 Survey, monitoring anti-Jewish and anti-lsrael atb'lvdes among the Brrlish populalion. was due to be repeated in 2020. However, due lo reslricbons imposed by the Covid-19 pandemio the study was Postponed. and is now expected lo tske place in 2024125. Ibl Project. Communications - Wth thanks to SUPF¥)rt from three key found*ions. JPR recrurted ts first Director of Communication5 in Odober 2021. The pnorities for the first year of the position are lil lo cornrnunicale JPR'S r85earch outputs to the rnedN4 and key lar9et audiences". lill lo iede$ign the JPR webslte,. and Iiiil to build JPR'S social media presence. Work began on all three Of thesè arèas in the last quartèr of 2021 and the new website W85 launched in October 2022. (¢1 Proj6¢t." European Jwi$h D&mtsgraphi¢ Unrt Established in January 2019, JPR'S European Jtrwish Dèmography Unit Is dedicated to generating data ab￿1 Jewsh populatiijns in Europè to help support ¢ommunty developrnent across the wnlinenL Currently supporteil by the Rothschikl Foundation Hanadiv Europe, il is led by JPR Senior Research Fellow. Dr Daniel Slaelsky, and ¢haireil by Ihtr worfd's leading expert in Jtrwish demography, Profèssor Sergio D¥lla Pèrgola. Idl Project.. European Commi$$ion Mappin9- As part of the EU $trate9y on combaliThJ antisèmitism and fostering Jèwish life, the Europèan Commission IECI ha$ ¢ommrtled lo ¢r¢aling a EUro￿an res¥ar¢h hub on eonlemporary 8ntis8mits.sm and J￿1$h life in thè luture. lel Project.. Jews in the Nelherlands.. A Soci￿Oem0graph￿ Portrait - In 2023, JPR launched the only body systematically analysing contemporary Jèwish populations across Europe - launch￿ a major sociodemographi¢ study ol Dutch Jewry, part funded by and in partnership with Joods Maatschappelijk Weth IJMWI. Drawing on the model from similar projects in Austria and Belgium, this was the first such study to be funded directly by European Jewsh community. rather than solely by our core supporter, the Rothschild Foundation Hanadiv Europe. The project was concluding in 2024. lfj ComMissic￿.. Jami l Jewish Care- commissioned JPR to suryey the Jewish population in the UK about mental health and elderly care needs and preferences. Questions were induded as part ol the sixth survey wave, based on the JPR Research Panel, which took place in June-Juty 2024. Th& findings wer& shared in both report form and in bespoke presentations to the dients. Igl Comrnission 1.. Jewish Leadership Counal - JPR was commissioned by the Jewsh Leadership Counal IJLCI to help constnKt a questionnaire for the survey carried out by Sur¥ation. The second part of this commission was to weigh the data collected by Survation in order to ensure thal il was representative ol the Jewish population in the UK. Ihl JAT - In September 2024, JPR was commissioned by the Jemsh ￿'d$ Trust IJAT) to conduct research on relationships and sex education IRSEI in Je¥wsh schools. JPR o)nducted surveys on year 10 and 11 pupil experiences ol RSE in three Jewish sthools JPR worked together wth Social Finance, who conducted qualitative interviews and focus groups wth pupils and leachers. lil Maccabi GB - Maccabi GB commissioned JPR lo indude an agreed set of survey questions in the sixth survey of the JPR Research Panel, conducted in summer 2024. lo provHJe dala on the current level ol antisemitism in sport. (il Panel Upgrade & Analysis - The R & HK Family Foundation supported three specific lechnological upgrades for JPR'S Research Panel and surveys. Firslly they supported a new survey image rnanagement System which allowed for a cornplete redesign of how irnages are uploaded to our surveys. Secondty. they funded the purchase of two new licences for SPSS Tables. signthcanty improving our caparyty to generate high-quality. professional data tables. Finally, they supported additional technical support from our external cY•nsultants allowing JPR to implement new testing for our surveys and to develop short event suryeys. Page 31

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 20 Funds l¢ontinuedl Ikl Commission 2.. Jewish Leadership Counc41 This study used data from the JPR National Jewish Idenlty Survey INJISI to examine how different Jewish educational experiences shape adult Jwsh identity in the UK. It 855essed the long-term imp8Ct ol interventions induding Jewish schooling. youth movements and Israel piogrammes. while controlling for dernogr8phic and family bathgiound factors. By applying st8tistical methods such as principal cornponenl and regression analysis. Ihe researth identthed which interventions most strongly predict outcomes like religiosty and oynmunal engagement. All the funds repr85ent don8lion$ receiveil and lake into 8ccounl the rese8rth costs inulrred durirwJ the year. Transfers between funds During the year £163,1￿ was transferred from unrestricted fvnds lo designat￿1 fvnds lo cover the defial on these projects. Page 32

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 21 Anal￿1¥ of net as8ets between fund¥ Total funds at 31 December 2024 Unrestricted funds Restrlcted funds Endowment funds Intangible fixed assets Tangible fixed assets Fixed asset investments Current assets Current liabilib'e8 2.4 66,474 105.220 251,134 170.8151 2,490 66,474 2.782,174 364,379 70,815 2.676,954 113,245 Total net assets 354,￿)3 113,245 2,676,954 3,144,702 Totsl fund¥ at 31 Decernber 2023 Unrestricted fund¥ Restricted fvnds Endowment funds Inlangit4# fixed assets Tangible fixed assets Fixèd assét inv&$lm&nl$ Current assets Current liabiliti•s 3,320 80.112 69,646 261.689 57,rx)5 3,320 80,112 2,734,246 273,407 57,005 2,664,600 11.718 Total n¥1 assets 357.762 11.718 2.664,60LI 3.034,080 Page 33

The Institute For Jewish Policy Research Notes to the Financial Statements forthe Year Ended 31 December 2024 (continued) 22 Related party tran8a¢tion During the year the charity made the following relaled paty transactions.. Entities over which the entity has control. joint control or significant infiuence At the balance sheet date the arntsunt due from En1￿"e5 over which the entity has contiol, jlmnt control or significant influerte was £16,12012023- £16,￿1. During a p￿VIouS period É19,5(J) was transferred to the Stitchting Institute for Jewsh Policy Research, an ents'ty registered in the Netherlands under the control of the charty. for working capital purposes. This arnount remains outstanding at 31 December 2024 and is induded vrithin other debtors. is interest free and repayable on demand. 23 o￿TatIng lea80 comrnitments At the year end the charity had annual commitments under non-cancellable operating leases as follows 2024 2023 Within one year Bètwèén two and fivo y$ars In over five years 47,452 161,125 54,125 47,5￿) 163,057 99.645 262,702 310,292 As di5cIo8ed in Note 25, the Chantab￿ company seryed notice under a break dause in ihe propety lease. 24 Shartr ¢•pltsl •nd ¢¢ntrolling p•rtboS The company is limited by guarantee and has Th) share capital. The liability of its members is limrted to £1 per rnember. 25 Po$t balan¢• •h••t •v•nts After the year end the Trustees decided to serve nolice under Ihe propety lease. disclosed in Note 23. and the property will be vacated during 2026. Negotiations in resped ol exit Costs relating lo dilapidations and property improvernenls made by the tharity are on90ing and al this $18ge cannot be quantified. Page 34