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 Page 1 **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)| Page 2 **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: Page 3 **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: - Generating independent, academically credible social and demographic research. - Maintaining, developing and utilising our representative panel of Jewish populations for efficient, costeffective data collection. - Supporting Jewish charities and communal institutions with strategic data for long-term planning. - Deepening our research infrastructure to respond rapidly to societal change. - Strengthening communications through newsletters, media partnerships, podcasts, digital publishing and archive development. - Broadening accessibility through publicly available, digestible reports and data-driven tools. 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** - National Jewish Identity Survey key findings (February 2024): this landmark study provided a detailed and updated profile of how British Jews understand and live their Jewish lives. It was based on JPR’s National Jewish Identity Survey, conducted in November-December 2022 among nearly 5,000 members of the JPR research panel. It was the largest survey of its kind and the most comprehensive study of Jewish identity in the UK to date. - In June, JPR launched its 2024 Jewish Current Affairs Survey, which focused on how Jews in the UK felt about the October 7 attacks on Israel, the war in Gaza, antisemitism in the UK, and the upcoming UK General Election. Topics also included religious observance, education, culture, charitable giving, Zionism, intermarriage, Israel, and wellbeing. Drawing on the data for this survey, JPR produced a series of reports – Page 4 **The Institute for Jewish Policy Research (A Company Limited by Guarantee) Report of the Trustees For the Year Ended 31 December 2024** - Antisemitism in schools (September 2024) - British Jewish attitudes to Israeli leadership ( September 2024) - `o` Antisemitism in the aftermath of October 7 including gaps in the UK’s post-Brexit antisemitism monitoring (October 2024) - Public fears and changes in behaviour among British Jews (October 2024) - Thematic mini-reports and factsheets aligned with key moments in the Jewish calendar to maximise engagement: - Passover observance by British Jews (April 2024) - Observance of Israel commemoration days (Yom Ha’atzmaut and Yom Hazikaron) by UK Jews (May 2024) - Shavuot in seven charts: Factsheet on Jewish belief, prayer and study (June 2024) - Shabbat observance and practices among British Jews (August 2024) - `o` High Holy Days observance among Jewish in the UK (September 2024) - Jewish voting intentions (June 2024): Based on JPR’s Jewish Current Affairs Survey. This report provided unique insights into political sentiment ahead of the July 2024 general election as a means of understanding more about contemporary Jewish identity. - Dutch Jewish Demography Report (January 2025): Examined the shifting demographics of Dutch Jewry, especially the impact of Israeli migrants. This landmark report marked the first time in over a decade that Jewish demographic and sociological data from the Netherlands was published in such depth. This project was undertaken in collaboration with the Jewish Social Work Foundation/Joods Maatschappelijk Werk (JMW). 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 Page 5 **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: - Jewish community leaders, trustees and staff teams across the religious and political spectrum - UK government departments and parliamentarians - Local authorities (e.g. Barnet, Haringey) - International Jewish organisations and think tanks (e.g. JDC Europe) - International organisations (e.g. the European Commission, European Union and Organization for Security and Co-operation in Europe (OSCE) - International donors and federations in Amsterdam, Brussels, Berlin, and Jerusalem - Academic and research conferences - Media outlets across the UK, Europe and Israel 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. Page 6 **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** - Core philanthropic support: In 2024, JPR secured a total of £225,153 in unrestricted donations (2023: £201,242). In addition, income for research projects and reports totalled £709,695 (2023: £649,066). We are very grateful to our core supporters at the Rothschild Foundation Hanadiv Europe, Pears Foundation, the Maurice Wohl Charitable Foundation among many others. - Commissioned research: Over £180,000 secured – enabled by prior core funding investment. - Investment income (which is primarily generated by endowment funds) in 2024 was £205,455 (2023: £106,001) and continued to fund an important proportion of JPR’s fixed costs despite market volatility. The value of JPR's investments at the end of 2024 was £2,782,174, of which £2,663,024 (2023: £2,664,600), are endowment assets. This marks an increase from the start of the year of 1.75% (2023: £2,734,246). - Of the £1,140,303 total income for the year £40,000 relates to pledged donations receivable in 2025 and 2026 and are recorded within debtors on the balance sheet. ## **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. Page 7 **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: - The key findings from our summer 2025 ‘Jews In Uncertain Times’ survey, drawing on new research panel data to understand British Jewish attitudes in light of the unfolding war in the Middle East and heightened levels of antisemitism in the UK. - A comprehensive analysis of the 2021 UK Census data detailing Jewish demographic trends – our most detailed demographic study in two decades. - The results of our first-ever national survey of the UK Haredi population, offering vital insights into housing, education, health, antisemitism and community planning. - A retrospective analysis of British Jews’ relationship with Israel over the past thirty years, drawing on a unique longitudinal dataset made possible through our research panel. 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. Page 8 **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 - Chair transition: From Stephen Moss CBE to David Ereira - Treasurer appointed: Denise Joseph - Investment Committee: Reorganised with stronger oversight protocols. - Operational leadership: Jonathan Boyd (Executive Director) and Richard Goldstein (Director of Operations) continue to lead the staff team. ## **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. Page 9 **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: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. 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: - there is no relevant audit information of which the charitable company's auditors are unaware; and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. 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:** Page 10 **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: - give a true and fair view of the state of the charitable company’s affairs as at 31 December 2024 and of 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 requirements of the Charities Act 2011. ## **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. Page 11 **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: - adequate and proper accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement 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 ## **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: - the legal and regulatory framework in which the charitable company operates - the nature of the sector in which the charitable company operates - the control environment and controls established to mitigate such risks - the results of our enquiries of management about their identification and assessment of risks of irregularities - discussions with the audit engagement team about where fraud might occur - the incentives for fraud. 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, Page 12 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 proceD¢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