JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY .Consolida'ted Financial Statements JEWISH BUND & DISABLED For year ending 31 December 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY Information Patron Chief Rabbi Ephraim Mirvis Presidents N J Ozin NBE J Jo*eph MBE Report of the Trustees Independent Auditor's Report 27 Chalr Gordo Consolidated Statement of Financial Activities Treasurer A Levy FCA 31 Members of the Councll of Management M Gordon A Levy J Colton F Gertler J Goulde (Appointed on 12 December 2024) A Kintish Balance Sheet 32 Consolidated Statement of Cash Flows 33 J Prince (Appointecl on 12 Decetnber 2024) S Ru55ell (Re51gned 11 June 2025) P Silverman M Winehouse (Appointed on 12 De￿mber 2024) Notes to the Accounts 34 J Ozin MÈE Chief Executive L Wimborne Company No. 00959535- Re9iStered In England ènd W31es Charlty No. 259480 Registered Office & Head Office Frances & Dick James Court 35 Langstone Way London NW7 IGT Bankers Lloyd5 Bank plc 25 Gresharn street London EC2V 7HN National Westniin5ter Bank plc Bloomsbury Parrs (cl Branch PO Bom 158 214 High Holborn London WCIV 78X Devonshires Solicitors LLP 30 Finsbury Circus London EC2M 7DT Audltor Moore Kingston Smith LLP Chartered A¢¢ountants 6th Floor 9 Appold Street London ECIA 2AP Front cover photo of Geoff - a tenant Ihat moved Into JBO In 2024 Report of the Trustees OUR 2024 IN NUMBERS Year ended 31 December 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY LIVING AT JBD IIO+ Statement of Member5 of the Council's Responsibilities 26 households on our The Member5 Of the Council {who ère a150 directors of Jewish Blind & Physically Handicapped Sociely for the purposes of cotnpany law) are responsible for prepariDg the Report of the Council and the financial statement5 in accordance with applicable13w and United Kingdom Accounting Standards (United Kingdom Goner311y Accoptod Accounting Practite). 360 Is the èye ol our young0st tenant. our oldÈst Is 99 250k+ t its pÈak in 2024, houséholds 2023 tanants li￿d in one of our 7 JBO developments where we provided thpm with an ccessiblg hom& and p￿ce ol wlth 24/7 onsire 5UPPQrt wÈre made by housp mana9er5 to tenant5. Our twice-daily checks provide Company law rèouires the Members of the Council to prepare finèntial statemenis for each finèncièl yeÈr which oive a true ènd fair vièw of the state of affairs of the thèritable group and ttrmpany and ol the Incoming resourtes and applicalion of resource%, Intluding the income and expenditure. of the charitable company for ihèt pericA. In preparing these inancial statements. the members of the Council are rèouired to select suitable accountiTrg policies and then apply them consistently.. observe the method% ènd principle% In the Charities SORP-. rDake judgenient5 estimates that are reasonable and prudeDt-. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prcparc thc financial statements on thc going conccrn basis unlc55 It Is Inappropriatc to presume that the charit4bl@ company will continue In bu5ines5, with peace ol mind ADVICE AND SUPPORT 145 t8nant5 were provided wlth advi￿ and support io ensure they had a¢tèssto 208 20 turn enable5 them to livo independently and safely in a JBD pro¢erty The Member5 of the Council are responsible for keeping Droper accouDtln9 records that disclose with reasonable accuracy at any time the financial position of the charitable group and conipany and enable them to ensure that the fin8nci315t3tements comply with the Cotnpanies Act 2006. They are a150 respoDsible lor 5afeguardiDg the asset5 Of the charitable group and company énd hence for taking reason4ble steps for the prevention nd detection of fraud and other irregul3ritie5. The Members of the Council are responsible for the maintenance 8nd integrity of the corporate and financiBI inform4tion included on the charitable company'5 webslte. Leg151ation In the United Kingdom governing thè preparation and disgeminaiion tsf finèntièl days 15 the avera9etime fyom an ?ppli¢ation for our ILA service to an people Ilvlno In th¢lr ovén home in the wider community wgr• 9Sven advice and supp¢vt, ehable them to remain Safely in th@ir own horné, through our Independeni Llvlru Advisory Sorvic& (ILA) 75 people attended or rnore of our support 9roiJps in 2024 ovqr a y@ar 728 In so fèr as the Members of the Council are 3ware-. JEWISH BLIND & DISABLED AND THE COMMUNITY there is no relevant audit Information of which the charitable companses auditor is unaware and our dgvelopmgnts and celebyatlons for every festival of the year In our unique JBD supportlve Jewlsh cotnmunities thè Mèmk*r5 C>f thÉ Countil havè takèn all stèps that thèy Ought to havÉ takÈn to makÉ thèmgèlvès èwèrè of èny rèlÈvant audit InlormÈtion and to èstabligh that thÈ audittsr IS W£￿ of that inlormètion. 350 1600 pupi15 &ngaged with ths Jgwish Blind & Disablgd Scho¢ls Proyramme delivered by our tenant5 to raSse a¥varéness of 58 5hoppin9 minibu5 trip5 were madè to local supèrmarkets and K¢shèr Sh¢PS enablln t@nant5 who 5tIU9918 with ¥olunteÈr5 5UPPtsrtÈd JBD In 2024 undertaking a wid befviendin9. tninibu5 Own shoppin9. retainin9 their ind•pendonc8, and in turn enabllny them t¢ cook for th4m50lv*5 young age and events ènd offlce 5UPPOrt CHAIR'S REPORT We know that's not going to be *85y. but we know it'5 the right thing to do. Our greatest challenge to date Over this past year I have eagerly watched our development of 50 new acces51ble apartment5, Ephraim Court. take 5haDe. The buildin9 Stands proud in the heart of thriving Jewish Cornmunity In Mill Hill East. As I write this report the Interiors are beiDg fitted, and we are nearin9 the openin9 of this flagship development. We are wh05e support has ensured this project 15 now fully funded. Two miles from Ephrairn Court In East Finchley Is Jewish Blind & Disabled's C>ldest development, Fairacres. The nearly 40-year-old building with Its original roof. healing and water system needs modernisation. Accessibility in the buildin9 Isn't to the stanclards we would like it to be. si9fiificanl work is reouired to modernise this building and ensure It Is fit tor purpose lor another 40 year5, and more. In January 2025 we secured planning permission to redevelop this building. Jewish Blind 8 Disabled. o charity thot ha5 5UPPQrted Jewish people living with phy5i¢al disability trr vision impairmont ftyr over 55 yeor5 Is fa¢in¥ it5 bi¥g05t ¢hèllenge Sine* its irl¢èPtion. Our foundtr Cè¢il Rts5èn tould Simply never have imaglned the demand from the eommtsnity for tsur housiny and supptsrt sÈrvlcès. When I joined as Chair In 2021, we were beginning to see what ha5 since becotne a huge and unprecedented increase In demand tor our services. We caD't attribute this to one single tactor but a multitude ot thing5 have all come together at the sarne tirne including.. Our plans will extend the current footprint ol all flat%- SO Ihey meet wheelchair acce*sibility %iandard%. add an additional floor creating 11 new apartments. and Improve the accessibility ènd sustsinèbility of the whole development. Irènsforming it Inio as good as new. Medicèl Èdvantes Ihe development of aids èrnd adaptationg ènÈble peoplè living with physitèl disability Or vilion Impèirment. who In the pèlt may hève been housed In a care facilily. to live Independently with dignily Ènd choice owever. we can't do works With tenants in situ. With Ephraim Court le55 than two miles away. wilhin th¢ same borough. we h4v¢ a unique opptsrtunity to r*ltscate each ten4nt whilst work 15 underway. We would sYPPQrt Fairacr@5 tpnént5 to move to Ephraim Court whi15l we work on the redevelopment. We will then support them to movè back Into a brènd nèw Fèifècrèl oncè work% èrè tomplÈtÈ. apprtsximètèly 18 months lèler. A huge spike in èpplicètions from dilabled petsple post Covid who pre-p3ndemic were just about managing, but during Cowid realised Ihey were no longer copin9 A sur9e in applications from disabled people living In insecure private rented housing where landlords are resistani to enabling them ro make the adaptations thai are needed lo retain their independence and safety Increa51ng numbers of people who have come to us directly from NHS rehab due to strokes or amputations unable to return to their old home Local authority waiting11st5 for accessible housing In some boroughs are over a dec3de. We have housed people IiviDg In soci81 housing, trapped In their hotnes. as the oDly way out 15 Vla the stair5 which they are no loDger able to manage Locol and central governments. drive to keep people ID their own horne. and out However. this 15 a unique opportunity to invest in our future by both moderni5ing and expanding a current building. We will not however be able to proceed with these plans If we doD't secure the funding required lo undertake this £14rD project. In 2024 we have made a great 5tirt having Secured almost SO% of the fund5 required. If we re not able to secure the fundin9 required. we won't be èble to proceed with the project. This will be a huge, rni5sed opportunity. Along51de our housing. 2024 has seen us expand our community-based service offering. providing sUPVOft and advice for peoole living In their own homes through our Independent Living Advisory Service. Sight Loss Support Groups and JEMS (support group tor people Impacted by Multiple Sclerosi5). We are an ageing cornmunity. We are increI51ngly providing hou51ng for members of our corntnunity who have Oge-reléted disability or sight loss. We have a huge challenge ahead.. one we are deiermined to meei. We know we can't do this alone and ère so 9raieful io our generous supporters, volunteers ènd our wonderful, dedicaied staff team. Our he4lth and social care system here in the UK 15 a150 driving people tQ seek 5UPPOrt è1sÉwhèrÉ Yè5. wè arè Bt timÈs pluo9ing oaps for thè 5horttomingS of thègÉ SÈrvitès but as a community, for hundrèdg of yèars. thi% 1% whèt wè havè alwèys donè. nd we do il SO well. We èll wani the best for Our frlend*. relaiives. congregènts and others meet èlong the vvay. and we would wènt the sème for OUr%elves If we were Working togethor can transforrn lives. Thank you changing accident or any of the many other conditions people who turn to us face. We want to help every Jewish person who needs us now, but we are all too aware that in 2024 we have not been able to meet the current demand. Thls is our greatest challenge to date, but, we are determined to grow and develop to ensure that we change this. l-a(• Marc Gordon Chair. Jewish Blind & Disabled CHIEF EXECUTIVE REPORT 2024 a year to be proud of iooo/ of the people we have supported through our Independent Llvlng Advisory Service told us they were very satisfied or satlsfled with the servlce we provided thern 96% of tenants sald they were either very sat15fied or satisfied with the JBD house management service We are not an organisation to rest on our laurels. Over this past year we have continued to work hard to ensure that we provide the very best housing and support services we can offer. We strive to deliver person-centred services that meet the needs of each and every one of the people we support. During 2024 we have sought feedback from our beneficiaries to ensure that we are doing just that, and the results have proved that the hard work of our dèdicated tèam 1$ 3 reason for us to be proud of all we have achieved. 97% of tenant5 sald that living W1th JBD made thern feel safe and secure of tenants were sat15fied or very satSsfied wlth the quality of repairs carried 100% of thè oèoplÈ wè havè %upportÉd through Our IndÈpÈndènt Living Advisory Service told u* that they We￿ very sèti5fied Or sèti5fiÈd with the service we provided them. 100% also reported thèi the recommendaiions provided to Ihem are helpin9 them maintain independence at home and 92% have luccessfully secured Ihè adèptationl they need Ihanks io Our service. We would of COur%e like ihis 11gure to be 100% and will ctsntinue to suppori and advocate for those who are atruggling to secure these adaptations from local authc>rities or tsther statutory seNices. 98% of staff said they were proud to work for JBD Our 2024 tenant5 survey wé5 equally Inipressive-. 97% of tenants said that living with JÈD niode them feel safe secure 96% said they were either very Satisfied or satisfied with the JèD house rn{nagement service, with the remèining 4% saying thèy wèrè neither SètisliÈd nor dissatisfied We have a lot to be proud of, and we should be celebrating this. We know that our services transform lives. As a team we are striving to ènsure that through continued growth and development we can transform even more lives. We won't rest on our laurels and sit back and celebrate until we can meet the needs of every singlè pèrson who turns to us for support. 89.5% of our tenants were Satisfied or very satisfied with the Quality of repairs carried out In their fl3t- and when that repair was carried out by our In-house ainteDance team. the 5atisfactioD level rose to 95.5%. Th15 cornpares very favourably to the 74.5% of Social housing tenaDts who were satisfied with the repairs service they received. Over this past year we have continued 10 9row our community-based service oflerin9. boih supporiing more people throu9h our Independent Llwing Advisory Service and launching new support 9roups for Jewish people living Wlth sight loss. In a short space of time these services are proving Invaluable to those who are accessiDg them. Finally, I would like to personilly thank our staff, volunteers and our dedicated Trustees, Wlthout whom of this success would be possible. The hard work of Our 59-strtsng workforce wès recogni%ed this year when we were awarded Charity Employer of the Year in the annual Work Avenue Awards. Judges praised our high staff retention and siafl saiisfaction Wlih 98% 01 (}￿r siafl saying they were proud 10 work for JBD. Lisa Witnborne Chief Executive. Jewish 81in¢J & Disabled ¥IHO WE ARE AND WHAT WE Dts Who we are and what we do OBJECTIVES AND ACTIVITIES We know that with the right facilities and support a disability does not have to mean a loss of vital independence and self-worth. The a9e of our Current tenants and clients ranges from ihose In iheir 20£ io ower 100 years and between them, they encompass a wide spectrum MISSION AND VISION have in commoTr Is ihat. thaDks io the support we offer, they can live Ille as they ch005e and not as their disability may otherwise dictate. JÈwi5h Blind & Disablèd tsmists for Jewish ￿tr01￿ èged 18 upwards to have Bcce55 to housing and Support so that IhÈy lèad thÈ bÈst IifÈ thèy tèn. enabling Indepèndence. dignity ènd choice. Th1% Is chieved through Our specièlly adapted mtsbility Pèrtments located in Our unique SUPPOrtive develtspments or within their own home In the wider community. We are committed to developing to ensure we can meet the needs and Increased demand from across the community. OUR UNIQUE DEVELOPMENTS We house 360 people across seven purpose- built developments in our 320 Ipartments in North East London, North West London and Hertfordshire. EBch of our buildings has Its own supportive Jewish community with our house 3nager5 being central to the building. Along wilh providing 3 2417 on Call servicè 365 days a year. house manèoerg keèp a Cèrino eye on Our tenants. calling them. unless reouegièd not io do so, every morning and evenin9 to check Ihèt everything 1% okèy. We house people based their Deed using point score 5YStem that considers the oto of Myma. t8rtnt at Frèn¢e$ 8 Ditk James Covrt comniodation and the nocossity for our unique otFering. Over 80% of our tenants are in receipt of benefit5 We know that member5 of Our tommunity with limited Or nts finÈntièl means have lillle Or no choice when It comes io thèir housino, ènd we ère committed t enlure we can Support everyone who needs us OUR VALUES Wè arè guldod by strong Jèwlsh valuès. We are the only provider of independent housing and support for people living with Truth and Integrlly (ENET) Do what you are supposed to do. Be accountable. Be professional ommunity. Thère 4re other org4n15?tions who provide housing wilh care and support. Their clients have different needs from the people vve Support. Most of Our tènants do not nèèd thi* level of tère.. they just nèed an èctesllble home thèi Suits their needs With Ihe peace of mind provided by Our 2417 on-site house m3nègèrs and the benefits and Support that come Irtsm being part of a JBD ctsmmunity. We are committed to ensure we can support everyone who needs us regardless of their financial situation. Respect (KAVOD) Treat others with respect and dignity Fairness (TZEDEK) Be fair. Be ooeD-tninded and listen Kindness ICHESED) Show you care. Be compa5510nate etnp3thetic. Our Tenancy Support Team are on hand lo offer advice on suitable aids and adaptations that our tenants may need to suii their specific Our behaviour5 (lemon5trate how we live our value& We will use these behaviour5 to.. Ensure we recruit people who share C>ur values and can demonstrate the behaviours we seek to encourage in our staff team additional support to our tenants as well as providing emotional support, benelits advice and tenancy management. The team advocate Neasure performance and ideniify support and development needs of our siaff Outline our expectations for our Staff, volunteers. contractors and others who Interact with u5. Centr61 to this Is our value of respect. bodie5 local authoritie5 and work closely with local social services departmeDts. health professioDals, h05Plta15, day centre5 ond various specialist ogencies as required to rneet the individual needs of tenant5. Photo of Brenda and 10 WHO WE ARE AND WHAT WE DO WHO WE ARE AND WHAT WE Dts We work In parinerlhip With è wide range ol local and communal orgèniSètIOrnS. social care and health providerg to suppori our tenanis to be active and supported members of their local community. Following feedback from ihe tenant conference. It wa% clear tenants would like more opptsrtuniiies to mix and plan social SUPPORT IN THE WIDER COMMUNITY Wirh a growing waiting list for our housing and an understanding that not everyone who needs our support wants to make a move into a JBD developmeTrt, over the past few years we have expanded our support to people living In their OWD home in the wider commufiity. formation ol a Tenant Cross-communal Group. In September the group met for the first time In what was aD exciting and constructive meetin9. We will continue to support the group to work on JBD-wide Bricks and mortar alone don't build supportive comrnunities and enéble fulfilled live5. We continue to develop our Unique 5UPPOrtivÈ Jewish tommunilies through èmtyjwèfino ènd gupporiing Our tènant% to play an èciivè role In %hèping their own community. Our tenanii take the lead In aCliVitie% across Our developments from THE INDEPENDENT LIVING ADVISORY SERVICE (ILA) We continue to develop our unique supportive Jewish communities through empowering and supporting our tenants to play an active role in shaping their own community. The Service 15 an occupational therapi5t-led service proyicling people living with physical This service Is available to anyone from the community within ihe M25 who is living with groups. weekly Shabbat candle11ghting and In May 2024 w¢ h*la our s¢¢ond JBD-widè tenant conference. an event that brought together over 80 tenant5 frorn acro55 3117 ol Our buildinOS. ThÈ Èvènt wag dèsionÈd t continue to èncourègè tÈnani% to takè the lead On community engagement Initiatives within their developments and across ihe whtsle organis£iion. as well as exploring opportunities In ihe local and wider community. support. aid5 adaptatiQn5 Ihat enable thern to remain safely in their own home. who need5 Support and advice. If the client does not have the means to for any aids ènd adaptètions. e.g. fheir sole Income IS derived from benefiis, they will be supported to apply lor fuThdin9 for the aids and adaptations required unless the Items are minor aids and adapiaiions In which case Ihese will be purchased and offered on a loan ba51s by Jewish Blind & Disabled. If the client ha5 the mean5 to pay for their own adaptation. they will be advised and guided on what to bLJy and expected to pay for the item themselves. Over the past year we have seen a further Increase In detnand, alongside an Increase In the cotnplexity of cases. We believe the Increase In demand reflect5 the long local authority waiting115ts and the overstretched health and social care Services. Whereas i the past. people were only discharged from hospltal after receiving an asse55ment and a support plan, we are seeing niany people being sent home froni ho5Pltal with no B55essnient and little to no support The ¢ornplexity of cases 15 both a reflection of the pressure on 5ervice5 and people'5 desire 10 retain their IndepèndèntÈ by u51ng èidg and adèotations In thÈir Own homès. rathèr than moving Into a S￿￿parted or care environment. This vital service is made possible through the 9enerous sDpport of the Wohl Legacy INVESTING IN OUR DEVELOPMENTS Ihe community who share our commitment lo enabling independent living. We take extreme pride In maintaining each of our buildings to the highest standard, ensuring they provide modern accessible accotnmodatioD tor our tenants and e¥ceed required health and safety fire gulation 5t3ndards. exceeds all current required standards as we doD't take r15k5 when it come5 to the health safety ot our tenants. The 5Y5tem is currently failing people by preventing them from living with dignity in a 54fe enyironnient. We are more committed On average. it t05l5 £450 to Support %omÈone at home and ensure they are lafe and lecure. A Imèll price to pay for Independence. èopl¢ ¢an livo indèpendently at hornè. Should they choose to. to enabling our tenants to remain independent. ITh 2023 we began a £750.000 lift modernisation programme. This programme, which will be complete We have an ambitious and detailed 5-10 year fully costed planned maintenance programme. We strive tor quality and value for money In delivering this programme aDrJ therefore will be undertakiDg some work5 In-house through our small MaintenaDce Team and outsourcing larger more specialist work5. a total of six new lifts In three of our older buildings along with upgrades and modernisation to some ex15ting lifts. ILA IN NUMBERS In 2024 Supptrried 206 people thrO￿9h the Independent Livin9 Advlsory Sèrvice 100% of client5 told u5 th4t they were very 5at15fied or 5at15fied vvith the service We are curreniiy ihree years Into the 10-yeèr kitchen. wel room and lighting P9rade plan. The plan locuses on ihe oroperties In highest need of an upgrade, 100% of ILA tlients would recommend this Service to family Or friends From 2022-2025 we have committed to a £2.6m fire door replacement and fire compartmentation works programme. Works are currently underway In Ihe last development ensuring our fire safety loo% of applitantg rècèivèd a homÈ visit within 20 workino day* with most C3%ÈS hèvino è vilit within 10 working days. Many of the*e applicants would be ￿allIng for 18 moNth% tts lee a local authority otcupètionèl therapist 19 kitchens, 16 wet rooms and 16 lighting Upgrades were complete. WHO WE ARE AND WHAT WE OQ WHO WE ARE AND WHAT WE Dts PEER SUPPORT PEER SUPPORT IN NUMBERS INFORMING AND EDUCATING THE NEXT GENERATION We know from the people on our Waitin9 list and the clients we Support In the Wider communily 20 We believe we have a rolp to play in educating the noxt generation to croato a tnoro Inclu51VQ and 5UPPOrtiV* 50¢i@ty. Attitudè5 tow4rd5 eople with disabllitie5 have changed in recent times bul there ig still a long way to go. We know we hève a relponsibilily to educate and raise awèreness. Of the schoo15 who responded to our post- visit survey. 100% gavo full marks when a5k@d how well they f*lt JBD @duc31*d their Stud@nt5 April 2024 we launched two peer support groups We ran 20 peer support groups complÈied the Survey requested a repeat vilit fvom JBD. Borehamwood. Although these are still relatively new, the feedback fvom attendee5 has Indicated how beneficial they are. The groups meet monthly aDd are joined by a guest speaker. Recent speakers have inclu(Jed a leading optometr15t. V1510n Impairment specialists frotn Moortields. the RNIB, Guide Dog5 the Macular Society. 30 The iTnpact ot th15 progratnme 15 thank5 to our mozing ten[nt anibassadors who generously donate their tinie to speak openly to the pupi15 The Jewish Blind & Disabled Schools Programme h[5 been developed to raise understanding and awarene55 of disability fro a young age. The programme is led by our tr31ned tenant amb355ador5. people with lived Èxperiencè who talk openly to young Pèopl about their experience of disability and how 51nte moving Into a Jew15h Blind & Digablèd Èpartmènt. thèy havè bèÈn ÈblÈ to Ilve Independently. OvÈr 30 pÈoplo attèndèd onÈ or more of our sight loss peer Support groups launched in April 2024 For the first time ever In 2024 we were Invited to the Limtnud Festival where we raTr several sessions and had an iTrfortnation stall In the event marketplace to raise awarene55 of disability across the community. One attendee said.. 12 l only ever seem to meet other people with sight loss when l am in a hospital waiting room. This group has been so refreshing and a fantastic way to meet people experiencing similar challènges to me. Our ses%ion,"How its Nake a C￿￿ of Tea., highlighted the challenges many in community face- whether due to disabilities or We ran 12 support groups for people partnership with Jewish Care (JEMS) In 2024, 8 tenant ambassadors delivered 42 se5sion5 rea¢hlng over 1,600 pupils and for the first time our education programme went to the Scouts and a JLGB summer camp. the morning to preparing food and daily care. Partlcipants could explore practical ways to help people live more Independently, try out some Innovative equipment. and see how small chan9e5 can make a big difference. We also ran an enjoyable and engaging session with 10-t0 11-year-olds olds at Limmud. 45 This year we have continued to partner with j￿vISh Care to Invest in the JEMS group, a support group for Jewish people living with Multiple Sclerosis. There are 45 mernbers on the JEMS WhatsApp group which is an 3CtIv* supwri 9roup Ihroughout the year We Dlan to use the knowledge afid experieDce we have gained to develop and extend our Deer SUDDOrt In areas where there is [ need deniand. However. before we do. we will need to build ap?(jty within the teani. Whi15t group5 may nieet only monthly. rn8mber5 01 the Jew15h Blind & D15abled lor Support and advicè which does require re%ource from the already overstretched team. ID 2025 we will be seeking funding to develop expand these 5ervice5. -* Anthony. Peor sUp￿rt Group Attendoe J8D Staff Member- Talia. with Arnold a tonant loading a sossion at a school 14 WHO WE ARE AND WHAT WE OQ WHO WE ARE AND WHAT WE Dts FUNDRAISING Najor donors, trusts ènd foundètlons are a valuable source of Income to US. This year income from mèior donors. trusts and foDndaiions {£I,000 or over) was £1,166.902. This represented over 80% of our fundraised income, (excluding legacies). We continue to appeal to the community for suppori twice a year and these direct mail appeals continue lo generate much-needed fundraised income. I 2024, over £214.000 of Income came directly from appea15, compared to £218,248 ID the previous year. This slight drop of Income reflects our agiDg. declining. database and the We are extremely grateful to all our legators. Their lasting gift will enable us to grow and develop to meet the needs of Jewish people living with physical disability or vision impairment. As an independent charity that does not receive any government funding, we are dependent on the generosity of our donors from across the community to develop our services to meet the growing and changing needs of people with physical disabilities and vision impairment. the region. Additionally. In 2024, 13 synagogue congregation5 donated to JBD. mainly through their High Holy Diy Appeals. The fundraising laDdscape is challenging. Alongside the Cuffent economic cri515. the ofigoing Situation In Israel and Gaza has inevitably and under5tand3bly h3d 3n irnpact lundra151ng for all J•vish UK-based welfare charitie5. However, de5Plte thi5 challenging laDascape we have denionstrated to current and funders the need, demond and impact of our services. We Ire 50 grateful to oll our donor5 for their supporl. including our sell-out'Friends of JBD. Golf Day at Hartsbourne, the JBD desk diary and annual raffle continue lo raise both awareness and funds tor JBD. In 2022. we launched è new legacy fundraising campai9n ènd Si9Thed up to the National Free Wills Network. We have stressed the importance As wlth many charltlès, ralslng voluntary funds from trusts, foundatlons and Indlvlduals Is a vital source of income for us. Our fundralslng efforts enable us to provide quallty houslng and support and are Invested In our.. and encouraged suoporters, tenants, staff and volunteers who don't have a Will in place to creaie oDe through the National Free Wills Network. In 2024, we received 6 referrals. 2 of whom have advised us that they are leaving a Communlty support sèrvleès including thè Independent Livino Advisory which is eniirely funded by donations Jewish Blind & Disabled operates with a small Internal Fundraising Team ènd does not en9age external professional fundraisers or commercial 24/7 on-site house managers who ore a con5taDt lifeliDe for our tenonts. Alm05t 80% of our tenants are reliant on benetit5. These benefit5 will cover only 50% of the cost of the house manager support Service The shoppin9 minibus service taking tenants lo local K05her shops and supermarkers enabling them to retain their independence As Pért tsf its prop4ration for Iho fjener?l Data Protection Regulation, we regularly review Ènd update our Privacy Policy. This policy. ublishèd on Our wèbsitè. clÈarly ¥tètÈ% whèt ersonal data Jewish Blind & Disèbled holds In relation 10 Supporters and how thi% dèt Will be used. It sets Out how Individuals can raise concerns or complainis. Jewish Blind & Disabled Is a member of the Fundraising Regulaior and complies with all aspects of the Fundraisin9 Code of Practice. We have re￿1Ve￿ Tènancy Support Tèam who provide èdwice and èdwocète on behalf of tenants tts suppori them With benefit%, èids and adaptaiions and accesaing health and social care service% O¢¢vD4tiono1 thorgpy $upport to our tenants to ensure as their situation ch3ngc5, thoy hBvo the right aid5 and adaptations a5 woll a5 advice and support to enable them lo rernain Independent 2024 Golf Day Cornmunity Engagernent Team and volunteers who SLJPPOYt our ten3ntS to build their own supportive Jew15h commuDitie5 In each of our developments Legacie5 have Blways been a vital source of income to 5yPPQrt the org4ni54tion avèraoÈ yèar. £1 In ÉvÈry É3 of Our Intomè tomè* from oift% In Wills. In 2024 Our lÈgÈcy notifications we¢ lower than In most yèars Ilh notification of a iotèl off £441k compared to £2.76m In the previtrul year. We received a At thÉ balBntÉ shèÈt datÈ. total funds wèrÈ £66.889.903 of which É1.956.816 were endowment fund5 Ènd £49.977 were restricted funds. There were £59.152.549 tsl designated funds for fixed assets. É3.280.561 of desi9nated buildin9 funds £1.7SO,000 tsff designated planned maintenance funds leavin9 free reserves of £700,000 at the balance sheet date. Bricks and mortar,. we know If we can build with limited or no borrowing, we Ill be moving a slep closer ic> our Ic>ng-term Wlsion tsf becoming financially from the community. t>onations for capital project5 to JBD will have a huge long- smalle31 of which was É300 and the lar9esl £91.285. 16 Our people TRUSTEES AND ORGANISATIONAL STRUCTURE The TrU51eès. (also known as Mèmbèrs of the Countil). Work èlongside ihe professional team. led by Its Chièf Executive. to guide. scrutinlle and support them wlth the strateglc OUR TRUSTEES Chalr Mare Gordon meet regularly to oversee the work tsl Ihe professional team. The Trustees use iheir varied skills and experience to ensure the or9aThisation achieves its aims and objeciives. Jewish Blind & Oisabled Trustees 9ive their time freely and no members received any remuneration In the year. Treasurer Anthony Levy FCA STAFF AND VOLUNTEERS Jacob Colton France5 Gertler Our dedicated staff team and vC>lunteers are the backbone of our or9anisètiOn. In 2024 Our staff ￿tention rate (Including èll staff) was 97V. (this fig￿re exCl￿deS staff who did not complete their probation period) comoared to a naiional average of 84%. On avera9e. our staff remain With us for a period of 8 years. Jack Goulde (appointed 12 December2024) Nost of our 59 staff Iincludin9 part-time metnber5 of stalf) provide fvont-liDe services to our tenant5 and client5 Wlth the rernainiDg providing the support required to enable the Antony Kintish Trustee ￿trUitMent and Sutceslion plannin9 is over%eÈn by the Governance & Nominations Commiiiee. Tr￿Slee Positions are advertised Ith a focus on Ipecifit skills ￿quired to both support professional staff and ensure a broad ran9e of relevant expertise Wlihin the Trustee board. This year. our staff were supported by a team of 58 volunteer5 who work across the organi5atio from supporting our oflice-based stalf to befriending ten?nt5, driving the minibus and Joshua Prince (appointerl 12 L)ecernber2024) We bèlievè very *trongly in Investing In the trainino ènd development ol Our Sialf to empower them and ensure they are equipped to be the best professionèll thèt Ihey be. Stuart Ru55ell (Resigned 11 Jyne2025) Peter Silverman the orgénisation. cornplernenting the staff team. Trustee5 serve for è renewable fixed term of up to three yèar5. Tru5t*es will nts longer 5ep/e for more than nine year5 tonseculively un1È55 where the Trustees a9￿ the tifcum%tancÈs arè Such that it Wtsuld be In the best Intere%i of the hèrity for thè Trustee In question tts serve or è longer period. Mlchaèl Wlnèhouso (3ppolntetl 12 De￿Mber2024) We know our staff team are an asset 10 Ihe org&nisation, but this was confirmed in 2024 when we were awarded Charity Employer of the Year, at the 2024 Work AvenLJe Award5. The judges praised our staff sati5tactioD levels and Our buildinog. WÈ arè go gratèful for all thèy do In 2024 our staff retention rate was 97% The Trustee5 are responsible ID low for the running of Jewish blind 8 Disabled. All the Trustees unle55 where stated Se￿e￿ for the whole yeBr. SU8-COMIThEES Flnancè Governance & Nomlnatlons VIOkK 4¥ENuE. OHK A¥EIIUÉ There Is an induction process for all new Trustees. The Chief Executive inducts each Trustee.- explaining the key processes and procedure5 that 3re involved ID the various aspects of running the organ15ation, as well as Showing them Iirst-hand the housing and support we provide. Fundralsing & Marketlng Health & Safety Allocations Some Trustees have responsibility for oversight of a specific area of the work of the chariiy including finan￿, health & safely, new developments, planned maintenance. property management and community engagement. The Trustees use their varied skills and experience to ensure the organisation achieves its aims and objectives. Our sub-committees. Illted. report directly to the Board of Trultees, and have delegaied commiitees Includes Trustees, the profe3%itsnal team and co-opted committee members, J8D Staff at tho 2024 Worf( Avènuo Awards expertise Into the organisation. 18 OUR PEOPLE OVR PEOPLE THE FINANCE COMMITTEE CHIEF EXECUTIVE AND ADVISORS The Finance Committee meets at least once a Quarter. It oversees the preparation of the annual budget and long-lerm financial forecaats, reviews performance against bud9et and approves out-of- budget exoenditure. It works alongside the Board to review our Investment policy, manage financial risk and borrowing. The committee is chaired by the Treasurer. and members include the Chair. Trustee(s) and co-opted metnber who Is an accountant with charity accounting expertise. a co-opted finance Drofe5510nal, the Head of Finance and Chief Executive. The Chief Executive Is responsible tor the day-to-day operation of the charity. the delivery of the organisation'5 Strategy and management of the staff team. To hélp us In our work wé work alongsld8 a t•am of profosslonal advlsors.. ahker5.' Lloyds Eonk Rog15tcrcd Offico.- 25 Grcshom Slrcot. London. EC2V 7HN Sollcltorg.. DÈvon%hirÈ* SoliCItOr* LLP. 30 Fingbury Circus. London, C2M 7DT Audltors.. Moore Kingston Smith LLP. ChBrterÈd AccountBnts. 9 Appold Street. London. EC2A 2AP THE GOVERNANCE & NOMINATIONS COMMITTEE Oata Protectlon Officer.. Hope & May. Cobbs Wood Farm. Hertfordshire. SG8 OBP The Governance & Nc>mination3 Committee is responsible for the recruitment and selection of Trusiees and the Chief Execuiive. The Committee oversees the balance ol skills, knowled9e and experience and evaluates ihe requirements of all appoiniments tc? ensure an adequate balance C>f requislte skills. The committee Includes the JBD Chair, Trustees. co-opted members Wlih experience In recruitment and HR law, the Chief Executive and when relevant key members ol the leadership team. The committee Is also responsible tor monitoring and reviewing corporate governance, risk. safeguarding, data protection and taking recommendation5 to the Board. for the public benefit. The Charity Commission in its Charitie5 Public Senefit guidance States that there ar@ two principles to be met In order tQ show that an orgénis?tion's Secondly. that the benefit rnust be to the public or è section of the public. The Member5 of IhÈ Countil (TruStèÈs) tonsidÈr thèt thèy havè complièd with Sèttion 17 of thè Charitiès Att 2011 Including the guidance Public Benefit Rvnning 4 Charity (PB2). THE FUNDRAISING & MARKETING COMMITTEE The Trustee5 carry out a detoiled annLJal review of the chority's octiyities highlighting the risks the chority Is exposed to and the 5tep5 taken to niitigate these risks. As Part of the proce55, the TrLJStee5 have reviewed the r15k5 a550Cl3ted with the financial Drocedures to ensure that they meet the need5 Of the charity. The Fundraising & Marketing Committee steer% ènd directs the fundraising and marketin9 sirèiegy for the charity. setting and reviewing annual targets and providing Support and guidance to the profe35ional team. Nembership Include5 the Chair. Trustee(sl, co-opted members Wlth relevant expertise. Director of Fundraising, Head ol Marketing & Communications ènd the Chief Executlve. The Trustee5 who are also directors ol the charity, for the purpose of the Companies Act. are pleased to present their reoort and accounts for the year eDded 31 December 2024 which have been prepared In accordance with the Financial Reporting Slbndard applicable In the UK and Republic of Ireland IFRS102) (Charities SORP (FR5102)). THE HEALTH & SAFETY COMMITTEE The chèrily IS constituted èl è company limited by guarantee ènd is therefore governed by Its memorandurn ènd articles of 35SOCiatiOn. The Health & Safety Comrnitlee 15 chaired by a Trustee Membership Includes the Chiel Executive, Propèrty DirÈttOr, DirÈttor ol Houlino and Community SÈrviCèg. HÈad of HR and HÈad of OpÈration%. Thè tommittèè mèètg at lèagt twitÉ a yèar tts rèvièw hÈèllh and sèfÈty manèoèmènt prOtèdurè%, polic¥ and prattite. to moniior perlormènce In respect ol heèllh. safety and wellbeing, to ènsure compliance with legillation ès è minimum requirement ènd receive accident and Incident staiiStiCS nd monitor action on the findings. Company No. 00959535- Registered in England Ind Wale5 Charity No. 259480 ReyiSt*rgd Offlce 35 Langstone Way. London. NW7 1GT Working Name- Jewish BlIDd & Disabled (JBD) THE ALLOCATIONS COMMITTEE The All￿3110n5 Conimittee consisting of the President. elected Tru5tee(5). Chief Executive. Director of Property, Director of Housing & Comniunity Services 4nd niember5 ol Ihe Tenancy Support Tea mÈÈt5 oncè a month to rèviÈw applitatiOn5. ThÈ Oroan15ation allttatè5 prOPÈrtiÈs. to pèoplÈ who meet thè ¢rit*ria. on a point5-bas¢d system to ensure housing is allo¢4ted to those In grèatèst need, 20 Financial Review Equality, Diversity and Inclusion The Statement of Financial Activities on page 51 shows surplus of £1,016.065 in the year. The charity's Income is used wholly ID either the provision of 5LJPPOrt or facilities to tenaDts within the charity's projects and other disabled Deople or on the acqu151tion of hou51ng property. At the core of our work are our values and our behaviour5 which dernonstrate how we live our values of fairness. integrity, respect and kindne55. They help guide our cotnmitment to equality. diversity and inclusion. Our commitrnent to f4irne55 ensures we strive for equality of opportunity and equal acce55 to 11. Frorn the way we re¢ryit. performan¢*. rnanage our staff. throygh to oyr allocation protè55 ftsr PT05Péttivè tÈrlants, wè are ¢onstantly looking to ensure we èr* fèif with uallty at thè hèart of dèclslon maklng. Senior leadership team backgrounds Fundino SOurtè% arÈ primarily from fundr311ing (incomè In 2024 £1,725.839) rÈnt¥ (2024 rÈnt31 in¢ome £3.893.744). These are applied by pwision of St￿l¢e5 to the So¢iety's bènefi¢iaries an ny free surplus Is designaied to the building fund. 25Yo INVESTMENT POLICY RESERVES POLICY 62.5Y, The articles of associatio aiJlhorise the Trustees to make and hold investments. The Ctsuncil's policy is io build up free relerves so that unrestricted funds held by the charity not committed. desi9nated or invested In tangible fixed assets I'the free reserves,) should be Sufficierni to Cover three months, total expenditure, which now equates lo approximately £700,000. At this level. the Council considers that it would be able to We are an organisation that provide£ housing and support ServI￿S to a diverse Jewish community. Diverse in age. gender. religious 12.50 strive to ensure everyone Is heard and their needs are met. whilst celebratiDg aDd recognising their diflerences. We expect toleranTr and uDderstandiTrg through respect. short-term deoosits for the development of new housing to meet current and future need5. fLJnds have been set a51de for our planned tnaintenaTrce Drogramme and for building worf io the Londtsn Livin9 Wage io ensure thai all Our Staff are earnin9 a ffair and competitive salary for the vital work they do. to our Fairacre5 redevelopment plaD5. The proposed project will develop our learning and knowledge from Ephr3ini Court to produce a low-¢4rbon building Ihat Is a bluèprint for futur JBD development5. from fluorescent bulbs io LED bulbs in keeping With being more energy effficient and usin9 SAFEGUARDING We strive to create an environment that empowers both staff, tenants and clients to speak out for themselves with the knowledge that they will be listened to and supported. By Order of the Council M Gordon Meml>er of the Council.. ADY major concern will be reported to the Governance & Nominations Committee and ny ongoing i55ue5 will be ￿Cor01ed and updated OD the r15k reg15ter that 15 regularly reviewed by the cornmillee. The comniittee has delegated responsibility for over51ght, maDagemeDt and reportiDg issues ofr concern to the Board. Our comprehensive 5aleguarding policy is reviewed and updated and sigDed ofl by the Governance & Nomination5 Comtnittee least once a year. The policy focuse5 on Individual well-being and'moking safeguarding personal.. Th15 approach meiDs we support and eDable people to rDake choice5 have control about how they want to livo their own live5 whilst providin a frarnèwork and Ihe me¢hanism5 to hel safeguard individuéls from abuse andlor Date of approval.. 11/0612025 Moore Kingston smith LLP were Bppointed Buditors to the company and in accordance with lèction 485 of thÉ Companièg Att 2006, a rèsolution prOPOSing that thèy bè rè-3PPOintèd Ill bè put at a General MeetiNQ. We focus on prevention rather than just response. Our stofl and volunteers work withiTr a framework of oolicies and are SUPPOrted by training to enable them to safely raise coDcerfjs. 24 25 INDEPENDEN7 AUDifoR'5 REPORT JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY Independent Auditor's Report Year ended 31 December 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY FINAL ACCOUNTS OPINION We have audited the financial statements of Jewish Blind & Phy51cally Hbndicapped Society (Ihe 'parent charitable compaDy') and Its sub51diaries ('the group.) for the year ended 31 December 2024 which comprise the Group Statement of Financial Activities. the Group and Parent Charitable Cotnpany Balance Sheets, the Group Cash Flow Statement and note5 to the financial Statements. including a sutnmary of signilicaDt accounting policies. The financial reporting framework that has been applied in their preparatioD is opplicable law and United Kingdom Accounting StaDdar(1s. including Financial ReportiDg Standard 102 The FinaDcial Reporting Stondard applicable In the UK and Republic of I￿l￿nd (United Kingdorn Generally Accepted Accounting Practice). For year ending 31 December 2024 IN OUR OPINION THE FINANCIAL STATEMENTS.. Give a true and lair View ol the state of the group's and the parent charitable company's affairs as at 31 December 2024 and of the group's incoming resources and application of resource5, IDcluding Its Incotne and expenditure. for the year then ended.. Hève beèn properly prewred in atcordènce With United Kinodtsm Generèlly Accepied Accountlng Practice., ènd Have been prepared in accoraaDce with the requiretnent5 of the Companies Act 2006. BASIS FOR OPINION We condvctod our audit in accordance with International Standards on Auditing (UK) (ISAs (VK) and 3pplicBble law Our re5POn5ibilitios under those st3ndard5 Brè further described In the Auditor'5 Respon51bilitie5 for the audit of financial 5tatÈrnÈnts section of our report. WÈ ère Indeoendènt of the ¢haritable cornpany in accDrdance with Ihe ethical requirement5 that are relevant lo our audit of thè financial 5tatement5 In the UK. Including the FRC'5 Ethical StBndard. and we have fulfilled our other ethical responiibilities In aCCOrdènte With Ihesè regul￿Ments. We bèlieve that the audit Èvidence we have obtained 11 5uflitiÈnt and appropriate to provide a basis for Our opinion. CONCLUSIONS RELATING TO GOING CONCERN In auditing the financial statements, we have concluded thai the trustees. use of the going concern bas13 01 accountin9 in the preparation of the financial statement3 Is appropriate. Based on the work we have oerlormed. we have not Identified any material uncertainiies relating to company's ability to continue as a going concern tor a period of at least twelve months from when QLJr responsibilities and the respon51bilities of the trustees with respect to going concern are described ID the relevant section5 of this report. OTHER INFORMATION The other inftsrm4tion ¢omprise5 th¢ inforrDatitsn iD¢lud¢d in th¢ annual roptsrt. other than th* fin4nci415t4tements and oyr évditor's report thereon. The trustee5 ére responsible for the other information Our opinion on the financial 5taternent5 doe5 not cover the other information 4nd. except to thÈ Èxtènt othèrwilè èmplititly %tÈtèd in Our rèport. WÈ do not Èxprègg any form of aggurèntè conCl￿s1o￿ thereon. 26 27 INDEPENDENT AUDITOR'S REPORT INDEPENDEN7 AUDifoR'5 REPORT Our responsibility is to read the other intormation and. in doing so, consider whether the other Information Is materially IncoDs15tent with the financial statements or our knowled9e obtained In the audit or otherwise appears to be tnaterially m155tated. If we Identify such tnaterial incon515teDcies or apparent material misstatements. we are required to determine whether there Is a materiol mlSStatement ID the financial 5tatemeDts or a rnaterial niisstaternent of the other information. If, based on the work we have perforrDed. we conclude that there is a tnaterial misstatement of this other informotion. we are required to report that tact. A5 part of an audit in accordan￿ with ISAS (UK) Yle exercise professional judgement and maintain professional 5ceptlC15m throughout the audit. We also.. Identify ènd assess the risks C>1 material mi%Statement of Ihe financial statements. whether due to fra￿d or error. design and perform 3udii procedures reiponsive to those risks, obtain audit evidence that Is sufficient and appropriate io provide a basis ffor our opinion. The risk of not deieciing a rnarerial misstatement resulting from fraud Is higher than for one resultln9 from error. as fraud may involve collusion. forgery, intentional omissions. misrepreseniations, or the override We have nothing to report In this regard. Oblain an ynd@rstanding of internal ¢ontrol relevant tts the audit In order to design Èydit prOtedurÈ5 that are appropriate in thè Circ￿r￿StanceS. but not for Ihe purposes of Èxpresslng an opinion on the effectivènÈ%* ol the group and parent tharitable company's Internal control. Conclude the appropriatene55 of the tru5tee5' use of the going concern ba515 of accounting ancl. based on the audit evideDce obtainecl. whether a material uncertainty e¥15ts related to events or coDditlODS that may cast signiticaDt doubt on the groLJP and parent charitable company's ability to continue as a going concern. If we conclude that a rnaterial uncertainty exists. we are required to draw attention In our auditor'5 report to the related d15c105ures In the financial StaterDenls or, if such di5c105ures are Inadequate. to modify our opinion. Our conclusions are bé5ed on the éudit evidence obtained up to the date of our auditor'5 report. However. future event5 or conditlQn5 may cause the group or parent charitable cornpany to cease to continue as a going tontÈrn Evaluate the overall presentation, Structure and conient of the tinancial statement5, Including the disclosures. bnd whether the linancial stbtement5 represent the underlyiDg transactions and events In a manner that achieves lair preseDtation. OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006 In our opinion, based on the work undertaken In rhe course of the audit.. the inforniation given in the trustee5' report for the financi41 year for which the financial 5titement5 are prepared 15 conslstent with the finèncial statement5, and the trustees, annual report has been prepared In accordance with applicable legal requirements. MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION In the light of the knowledge and uDder5toDding of the group and parent charitoble compoDy and it5 environment obtainecl in the course of the aLJdit, we have not identified rnaterial niisstatenientS ID the tru5tees' annual report. We have nolhiDg to report in respect of Ihe following m4tter5 where the Comp4nie5 Act 2006 requires US to report to you If. In our opinion-. The parent charitable company has not keDt adequate and sufficient accounting records. or returns adequate for our audit have Trot been received from branches not visited by us,. or The parent charitable tompany's finèncièl statements are not In 39reement With the accounting records and returns. or Certain di5cIosure5 of trustees. rernuneration specitied by lhw are not made, or We have noi received all the Information and explanations we require for our audit statements. We are responsible ftsr the direction. supervision and performance of the group audit. We remain solely responsible for our audit report. We communicate with those charged with governance regarding. among oiher matters. the planned RESPONSIBILITIES OF TRUSTEES internal control that we identify during our audit. As explained more fully in the trustee5' responsibilities statement set out on page 4, the trustees Iwho are also the directors of the charitable company for the purposes of company lawl are respoDsible for the preparation ol the financial statements and for being satislied that they give a true and fair view, for such Internal control as the trustees determine Is necessary to enable the preparation ot finaDcial statement5 that are free trom material misstatetnent, whether due lo fraud or error. Explanation as to what extent the audit Wa5 considered capable of detecting irregularities. Irregulorities. including fraud. are In5tance5 Of non-cornplionce with laws regulotions. We design procedure5 in line with our resPQn5ibilitie5, Qutlined above, to detect moteriil mi55t3temeDts in respect of irregul4rities. Including fraud. The extent to which our procedures are capable of detecting In preparjng the hnancial statements, the trustee5 are resPQn5ible for a55e55ing the group and parent charitable corDpany'5 ability to continue as a going coDcern, disclosing. a5 applicable. matters rel4ted to going concern and usin9 the going concern ba515 of accounting unless the trustees either intend to liquidate the group or porent charitable company or to cease operation5. or have no realistic Ii*rnative but to dts So. The obi@¢tIV*s tsf our Èudit in resp*¢t ol frèud. 4re-. to identify ènd èsse5S the risk5 Of mèterial mi55taternent of the financial staternents due to fr4ud, to obtain sufficient appropriate audit evidence regarding the B%sÈ%sed riskg of material mi%StatemÈnt due io frBud. through designing and implementino appropriète rÈswn*e% to tholè assessed ri*k%. and to respond appropriatèly to Instances f fraud or SuSPÈCted fraud Identified during the audit. Howevèr. Ihe primary responsibility for thè prevention and deiection of fraud re%tS with both mana9ement and thoge charged with governance of the charitable company. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objective* are to obiain rea￿ThabIe È%Surance about whether the finèncièl statements al è whole re free Irtsm mèierial mi%%iaiement. whether due to fraud or error, ènd to i%%ue an èudiior's report thai Includes Our opinion. Reasonable assurance IS a high level of assurance. but IS noi a guarantee thai an audit conducted In accordance Wlih ISAS (UK) will alway% detect a materièl misstatement or in aggregate. they could reasonably be expecied 10 influence the economic decisions of users taken the basis of these financial siaiements. 28 29 INDEPENDENT AUDITOR'S REPORT Our approach was as follows-. Consolidated Statement of Financial Activities WÈ obtainÈd an undèrstandino of thÈ lègal and règulatory rèouirèmènts appliCablÈ to thÈ charitable company and considered that the m05t significant a￿ the Companies Act 2006. the Charities Act 2011. the Charity SORP. and UK financial reDortiDg standards as Issued by the Year ended 31 December 2024 JEWISH BLIND 8 PHYSICALLY HANDICAPPED SOCIETY We obtained an understanding of how the charitable company complies with these requirements by diSCuSSIOnS With mènagÈmÈnt and those chèrged with governance. We asse55ed the risk of materiél misstatement of the finéncial statements, including the risk of material mi5StaterDent due to friud aDd how It rnighl occur. by holding di5CUS5ions With management those charged with governaDce. We Inouired of management and those charged With governance as to any known insiances of non-compliance or Iuspecied non-compliance with laws and re9ulations. Endowment Funds 2024 Re5tri¢ted Funds2024 Unrestritted Funds2024 Tot￿1 Fund5 2024 tol Funds 2023 InMm•4nd•ndowm•ntslYom'. DonatiOTh> 559.021 I.BB3.647 2,764.960 Based ihil undèrstanding. we dèsigned spetifit 8ppropriatÈ èudit procèdure5 to Identify instance5 OTr non-compliance with laws and regulatlQns. Thi5 Included méking enquiries of management those charged with governaDce and obtaining adaitional corroborative evidence as required. Charita￿è artlvitiè$'. 3,893,744 3,893,744 3.672.544 Fees receiv8bkfrom ￿nage￿eDr 63,500 63,500 63.693 31.B19 216.092 .B19 217.752 B3.288 There are Inherent limitations in the audit procedures described above. We are less likely to become aware of Instances tsl non-ctsmpliance With laws ènd regulations that are not closely relèied to events 8nd IrènSèCtIOng reflected in thè financial statèrnent5 Alsts, the risk of not detecting è maierial rDisStatement due to fraud is higher than the risk of not detecting one re5ultiDg frgm error. as fraud may Involve aeliberate coDcealmeDt by, for exarnple. forgery or intentional tnisrepresentations. or 634 124.2B5 634 1242B5 336 Other Incomp. 35.B96 35.B96 3C.8 Total inc#mè 093.469 USE OF OUR REPORT This repori 1% made solely io the chèrit3ble company's member%. èl è body. In accordance with ChaptÈr 3 of Pèrt 16 of thè Compèniès Act 2006. Our èudit work h3% bèÈn undèrtakèn so thèt wt rDight State to the charitable conipany'5 menibers those matters which we are required tQ state to thetn In an auditor's report and for no other purpose. To the tulle5t extent permitted by law. we do not accept or assume responsibility to any party other than the charitable company and charitable EXpendIt￿Te0￿. 558.269 3,205.535 1,456.784 Propoyty management Costs 119.8B2 1.402.439 i knrt 4.9!! 488 Shivani Kothèri (Sènlor Statutory Audiior} for on behalf of Moore Kingston smith LLP, Statutory Auditor 6th Floor Appold Street London EC2A 2AP Date.. 15 Jvly 202S OTh IhvÈStMonts 41G.684 J99.300 .01&984 3.9a=.984 210 Nèt iTh¢OmÈ béforè tiaTh$tÈtS 599.381 1.016.065 3.9B1214 Net mov*monl ID fuDds fort*•ye 1,063.212 63.B19898 1,016,06S 65873858 3,981.214 61 B92634 tundsat Sl D•c•wkn•r 49,977 66,889,9D3 65,873,878 The results for both yo{rs reflect the continuing operations of the Society. 30 BALANCE SHEET CONSOLIDATED STATEMENT OF tA$HFLOwl Balance Sheet Consolidated Statement of Cash Flows Year ended 31 December 2024 Year ended 31 December 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY Group 2Q24£ Gr¢￿￿ 2033 E Charlty 2023 E 2034 E 2925 £ Fixèd aswts CathNow&tYomowitln9XtlvltlÉs Tangible a55etS 57.259.644 6&373.577 Inve8lmen'.8 iooo ca5hflow5ftpmopEr4ting￿IlV11IeS 2.J05.990 1.IS&4B7 62.429.636 57.B55.150 12.104.903) Deblof5 3.530>5 7.003 4.441.005 7.003 834 316 7.084 7.084 (S,097,799) 7.249.B63 10.919.771 6.583.562 10.887.884 Creditor5 ￿te￿￿Y￿ent gf loans 5.824,316 10.214.B6Z Ca5h3nd cash equivalent5atthe bÈgiMih¥ tsf thÈ fiThats¢ialyèar 7.382.543 S.2B6.565 66.BSg.901 65.873,B38 66.456.S46 Cashand tè5h É4￿1￿1￿￿ttsatthee￿d of Funds EThdoWMÈnts 4.238,598 7.382.543 ,955.816 49.977 49.977 20 3.280.561 59.152.549 1.750.000 iooooo 3.2BO.561 60.104.231 .750.000 20 53.958.272 1.750.000 loo.000 54.541.167 1.750.Iw)O 20 20 lot)1 urMs1￿cl•4 lunds 64M83.110 63￿>.&¥6 65.834.606 64A02.606 6$.8$9.903 $5.$75,838 66,456.$46 A separate income and expenditure account tor the charity is not presented as the charity has taken dvantoge of the exeniption5 permitted by section 40$ of the Companie5 Act 2006. The net result of the tharity for Ihe yeèr WÈ5 è Surplus of £1.384.853 (2023-. £4.132.344). Approved by the Coun.-il and Authorised for Issue l- a¢d- M Gordon, Chairman Dète.. 11106/2025 Company Registration No. 00959555 32 53 NOTES Ta THE ACCQVNTS NOTE5 TO THE ACCOUNTS Notes to the Accounts LegÈtles ère recognised as ihe earlier of the date% on which either the charity is Èwère Ihat probaie has been granted. the egtate has been finalised and notification has been mède by the executtsrs 10 Ihe charity that a distribution will be made or when 3 distribution Is received from Ihe e51aie. Receipt of3 legacy. In whole or In part. Is only considered probable when the amount can be measured reliably and the charity has been notified ol the executor's inteniion to make a disiribution. Year ended 31 December 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY Interest on funds held on deposit is Included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the Interest paid or payable by ihe Bank. Oividends are recognised once the dividend ha5 been declared and notification has been received of the dividend due. I ACCOUNTING POLICIES The charity Is a private company limited by guarantee Incorporated in EDgland and Wales (Company registered nutnber 959535). The reg15tered off Ice Is Frbnces & Dick Jatnes Court. 35 Langstone W6y, London. NW7 IGT. The Financial Statements are prepared ID Sterling which is the tunctional currency of the entity. MoTretary amoLJnts are roLJnded to the nearest POLJnd. The principal accounting Dolicies adopted and iudgetneDts ID the preparation of the financial statement5 are 05 follows-. The Income from fundraising ventures is lhown gross. With the asSOCi3ted costs Intluded In lundrèi%in9 colts. Other Income IS accounied for on è receivable bèsls. 1.4 FUND ACCOUNTING The following funds are held by the charity.. unr*5tritt@d gèneral funds- the5* arè fund5 whith tan be uged in attordante with the ehéritable obJectS at the discretion of the council, designated funds- these are funds set aside by the couDcil out of unrestricted general funds for specific future purposes or vroiect5. restricted funds thÈ%e ère funds that can only be used for pèrticulèr re%triCted purpoles within the objects of the charity. Re%triCtions arise when Ipecified by the donor Or when fund% ère raised for pèrticulèr restricted pDrposes. permanent endowment fund5- represent those I55et5 which be held perrn3neDtly by the 1.1 BAS15 OF PftEPAFiATION OF ACCOUNTS AND ASSESSMENT OF GOIMG CONCERN The financial statement5 of the charity and 5ubsidièry hève been prepared in accordance with Attouniing and RÈoorting by Charitièg.- StatèmÈnt of Rècommèndèd Prattice Èoplic3blè to thariliè% preparing their a¢Countg in Èc¢ordènce wilh the Financièl Reportlng StandÈrd applitable in ihe UK 4nd Republic of Irel4nd (FRS 102) {effective 1 January 2015)- (Ch4rities SORP (FRS 102)>. the Finanti41 Reporiing Standard applicable In the UK ènd Republic of Ireland (FRS 102) ènd the Compènies Act 2018. The Charitable 9rwp and company meets the definition of a public benefit entity under FRS 102. stated In the relevant accouniing policy notes. The Members ol the Council decide whether the use of going concern is approDriate and have considered pos51ble event5 or conditions that might cast doubt on the ability of the charitable group to continue on as a going concern. The Members ol the Council make this a5se55rnent In respect of period otone year from the date of approval of the financial statement5. ITr particular, the Members of the CouDcil have considered the Charitable cotnwny's forecasr and DroiectioDs aDd have considered the Dotential itnpacts ol the coronavirus outbreak on the viability ol the charitable group. Annual budgets have been revised taking this Into account. The charity holds significant re5er&e5 and ha5 liquid assets In the torm of cash held In short-term deposits. For this reason, the trustees continue to aclopt the goiDg concern basi5 In preDariDg the financial 5taternents. expendable endowment funds- represent capital funds which may only be converted into expendable Income at the discretion of the Members of the Council. Further explanation of the nature and puroose of each fund is included In the notes to the accounts. 1.5 EXPENDITURE AND IRRECOVERABLE VAT Expenditure 15 recogDised oDce there Is a legal or constructive obligation to make a ￿Y￿ent to a third party. it is probable that settlement will be required the omount of the obligation can be tDea5ured Costs of raising lund5 conipri5e the costs asS￿l3ted with attracting voluntary incorne and the co5ls associaityy with fundréi5ing purposè5. 1.2 CONSOLIDATED ACCOUNTS ExpÉnditurè On tharitablè attivitiÈS tomprigèg tho*è to%t% incufrÈd by thè tharily In thè dèlivèry of The group financial stéterrhent5 CQn501idBte the financiél statements of the charity énd its wholly owned subsidiary. JBD Properties Limited. for the year ended 31 December 2024. those ctslts ol èTh Indireci natu￿ nèce5Sèry to Support It. Control is a¢hieved whè¢ the group has thè power tts gtrvèrn the finan¢i81 and OPèr8tino poli¢ie5 of an Value added tax 1% not recoverable and as luch is Included In the relevant costs In Lhe Statemeni of thè year are Included In the Itètements tsl financial activities from the effectivè dète ol ècouilititsn and up to thè effective date of di%po%al. ès appropriate using accounting policies con*i%tent wilh tho*e of the parent. ￿11 intra*roup transaciitsns. balances, Income and expenses are eliminated In lull on consolidètion. 1.6 COSTS ALLOCATION Costs are allocated between the expenditure cal￿OrIeS of the Statement of Financial Activities a basis desi9ned to reflect the use of the resource. Costs other than supDort costs relatiDg to a Dayticular activity are allocated direcily. Support costs are allocated according io ihe number of staff employed within each activity category. Allocated support Costs are re-apportioned amongst cost centres existing within an activity on a perceDtage ba51s appropriate to that cost centre. Governafjce c05t5 comprise all cost5 involving public accountability of the charity and it5 complian with regulatioD good practice. These co5t5 Inclucle costs related to statutory audit legal fee5 twether with an apportionment of ovethead sUPPOrt Costs. Govern[nce cost5 are ollocated according to the number of 5t3ff eniployed within FLJndraising, Property Management and Tenancy Support. 1.3 INCOME All Income is recogn15ed once ihe charity has entitlement to the Income. It Is probable that the income will be received and the amount of Income receivable can be measured reliably. Where Income Is re￿iVed ITr advance of meeting any Derformance-related conditions there is rbot unconditional entitlement to the IDcotne and Its recognition 15 deterred afid included In creditors a5 deterred IDcotne until the performance-related conditioDs are met. Donations are recognised when the charity has eDtitlement to the *urhd5 and it 15 probable that the iDcotne will be received and the aTnount be Measur￿ reliably. 34 35 Notès to thè Accounts- Y•ar ènd￿ 31 D•c•mbèr 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIET Not•$ to thè Accounts - Y•ar èndèd 31 Doc•mb•r 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY 1.7 OPERATING LEASES 1.14 FINANCIAL INSTRUMENTS Rentals payèble under operating leèles ère charged to the Siètement of Finantièl Activltiel as incurred. which include irade and other reteivables. trade and tsther pèyables and calh and bank bèlances. Basic financial Inslrumenis ère Initially recognised at tran￿etion valuè ènd Subsequently measU￿d ai thèir settlement Val￿e. 1.8 INTANGIBLE FIXED ASSETS Intangible fixed assets are stated at cost less accumulated amortisation and accumulaied impairmeni losses. 1.15 PENSIONS Amortisatlon is reco9nised as lo write off the cost of Intangl￿eS less their residual values over thei estimated useful lives using the straight-line method. The intangibles are amort15ed on the fdlowing ￿515.. Cornputer 50ftwa Employees of the chariiy are entitled io join a defined contribulion'money purchase. scheme unless they have exercised their right to opt out ol the scheme membership. The money purchase plan is rnana9ed by Legal & General and the plan invests contributions made by the etnployee and employer in an Investtnent fund to build up over the term of the plan. The pension fund is then converted Into a pen510n upoD the employee'5 normal retiremefit age which Is defined as when they are eligible for a state pension. The charity has no liability beyond making Its contributions and paying across the deductions for the employee'5 contribution5. 1.9 TANGI8LE FIXED ASSETS T3Dgible fixed a55et5 are stated at cost (or deemed costl le55 accumulated depreciation. The chority previously odopted a policy ot revaluing freehold land and buildings Ind they were stated at their revalued aniount less any subsequent depreciation. The charily has adopted the transition exemption under FRS 102 paragraph 35.10(d) and has elected tQ Use the previous revaluation as deemed cost. 1.16 HOUSING AS50CIATIQN GRANT The housing a55ociation grant, obtained froni the tr{nsfer of Issets and liabilities from Cavendish Housing Trust. 15 held és a liability 4nd 4morti5ed and reloasod to tho SIBterDont of Financiél Activitie5 over the useful life of the land and bvildings that it was used to purchase. Depre¢iation 15 provided on a strÈioht-Iine b8sis at the following 8nnual rates in order tts write off each èsset Over its e5lirnèted ￿Seful life. Frèehold and long lèasèhokl L3nd 8 bulldlngs 2 JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY 20% 20% 25% Office equipment Motor vehlcles In the application of the gro￿￿.$ accounting policies. Ihe directors ère required to make judgemernis, estimates and a55umptitsns aboul the carrying amount of assets and liabilities ihat ère not readily apparent rrtsm other sources. The estimate and asgocièted aggumptions ère based on a histtsrical experience and other factors thai are considered io be relevant. Actual res￿ltS may differ from ihe estimates. Freehold and long leasehold buildings are not depreciated given the continual maintenance of the buildings to ensure that they remain in sound slate of repair. The council rewiews the valualioTh of the buildings annually for impairment in their value and it considers that the residual value at the end of their useful economic life will not be less than their present carrying value. no depreciation is charged. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recogThise(J In the Deriod In which the estimate is revised where the rewision affects only that period, or In the period of the revision and future period5 where the revision affects both current and future period5. Fix&Yassetimpairment 1.10 INVESTMENT5 Fixed asset investmeDt5 are stated at cost less permanent diminution In value. CurreDt asset inve5trDents 3re stated at market volue. Rea115ed and unrealised gains and losses o investrnents Ire dealt with In the Stoternent of Financial Activities. The freehold land 8 building is included at Cost. No depreciation is charged and the assets are revjwved annually for impairment. This 15 considered to be a criticol accounting estitnate In View of the amounts involved the judgements applied In the review. In Ihc p3r¢nt compèny finènci315tatcnicnt5, InVCStnionts in subsidièric5 arc Initially ni￿sUr¢d at cost nd subsequently measured at CQSt less any accumulated Irnpoirment lo55e5. S INCOME 1.11 DEBTORS Grovp and Charity Tr6dE other debtors arE retoon15ed at the settlement amounl duè 4ftÈr any Ir4de discount offered. Prepayments a￿ valued at the amount ￿￿paid nei of any irède discounts due. 3.1 INCOME AND DONATIONS Income frtsm donations was É1.284.233 (2023-. £1.8B3.647) ol which É725,212 was unrestricied (2023.. .015.909) and £559.021 v¢a% resiricted (2023.. £887.738). Income from le9acies was É441.606 (2023.. £2.764,960) was èll unregtricted. Ttstèl income from donation% and legacies was £1.725.839 (2023- £4,648,607 J 1.12 CASH AT BANK AND IN HAND Cash at bank and cash In hand includes cash and short-term highly liquid investments with a short maiurity from the date of opening the deposit. 1.13 CREDITORS 3.2 RENTAL, MANAGEMENT FEE, INVESTMENT, DIARY & YEARBOOK INCOME Creditor5 are recognised where the charity ha5 a present obligation resulting from a past event that will prob&bly result in the transfer ot fvJDds to a third wrty and the atllount due to settle the obligation can be rnea5ured or estimated reliably. £1.660 of rental, management tee. Investment, diary and yearbook Income and other fundraising income was restricted In 2024 (none-2023). 3.3 OTHER OPERATING INCOME Other oper3ting Income inclucles £35.896 (2023. £35,896) of atnortised graDtS taken to Income. 36 37 Notès to thè Accounts- Y•ar ènd￿ 31 D•c•mbèr 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIET Not•$ to thè Accounts - Y•ar èndèd 31 Docèmb•r 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY 4 TOTAL EXPENDITURE.. GROUP 5 EXPENDITURE ON CHARITABLE ACTIVITIES= GROUP Property Tenant Support& 2024 No14S Fundiols1ng 5upwrt 2024 2023 Tot41 Costs É 2023 Saknes Dlreacp5ts 205.770 6.03B 2.0£6.770 566.726 2.547.794 201,709 .529.aBI Is5,￿6 20A03 B.792 4,S54 226.646 2.436,381 2,547.794 2,388.702 Cèntral wsts 165.341 55.369 201.710 4.382 4.382 13.78B 367 Subsidiarycosts tsowernan¢¢¢ost5 DepreEiation &3mDrt15ation 36,401 40.9)0 Leg?1 fee5 4.383 409,472 4.656,624 &077,485 4,672.994 4,383 13.788 Suwort¢ostg 2.847 184È 5,695 4,882 eKpeDdilure Goveinanre c05t5 29.857 6.544 3&401 34.364 5.6>5 5.695 2024 Group 4.662.319 5.077,485 4,612,994 2024 Group 3.20S.535 1,4S6.784 4.662,319 4.311725 2023 Group IS$.269 4.672,9g4 2023tsrovp 1.401439 4,J14.72S TOTAL EXPENDITURE.. CHARITY EXPENDITURE ON CHARITABLE ACTIVITIES.. CHARITY 2024 2023 Total Costs £ Property manag*￿0￿1 £ Tenant 5uppOrL& 2024 2023 5akrfes Dlre¢t00 843.875 33.692 77,337 Èankloans 2.605 2.605 A4Iu5tniEnto 246.682 599.446 HouslThg D)rporatlon 35,896 35.896 35.896 35,896 Ttan5Fer to Totsl 704,909 760,4J2 674.209 To 77.337 i.In.880 707.599 Included in accruals and aeferred income is £54,565 of reDtal income deferrea at the end of 2024 12023.. É447). Included in other creditor5 15 Pension creditor of £l1.781 (2023 É10.303). IDcome fgrye6r 17 CREDITORS.. AMOUNTS FALLING DUE OVER ONE YEAR Exppnditure 2024 Group 2024 g Group 2023 £ Chanty 2024 Futsd balante31 D•c•mb•r 2024 77,337 i.IA.e80 707.599 Eank laan D￿ernber 2023 77,337 1.1n.880 707.$ 1.564.049 1.364.049 1.612.279 1.364049 1.611279 The J N Somers and F & D James funds represent the value of permaneDt endowment funds donated to the Society for the specific purpose ot coDtributing towards the costs of sheltered housing. The Jewish Association for the Phy51cally Handicapped fuDd represents expendable endowment funcl which wo5 donated to provide for the neecls ot Jewish physicilly disabled persons. An?Iy515 of credrtor-. Rewy?ble bptween ane and two years 35.896 1&790 15.B96 38.790 Repbyzble bEtween twtsand live yÈaFS 107.6BB .220.465 1.455.367 1.230.465 1.364,049 1.36I049 The 8aDk loan and Housing Corporation grant were transferred from Cavendish Housing Trust on 1 Januory 2020. The Bank |03n wa5 repayable in in5talnient5 Over 3 60-year period from March 1985 Is 5ccurcd by è spccific chargc on a hou51ng proDCrty. It bcars Inlcro51 ot a fixcd ratc 019.25% por nnuni. The bank loèn was fully paid off in the yeor. 20 years eady It a favourable rate. for the long- term benefit of the charity. The hou51ng corporation grant 15 amorti5ed and released to the Statement 46 47 Notès to thè Accounts- Y•ar ènd￿ 31 D•c•mbèr 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIET Not•$ to thè Accounts - Y•ar èndèd 31 Docèmb•r 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY 19 RESTRICTED FUNDS= GROUP AND CHARITY 20 UNRESTRICTED FUNDS The restricted funds comprise the following unexpended balance5 of donatlQn5 and grant5 held on trust to bc applied for spccihc purposCS. FuThd £ At l Januèry2024 53,958,272 1.750,000 63,819,89S 3024 ov*menl Funds 01.011024 £ Unrestiicted Fund5 NEL Incomè for yèbr bèforè Incom• £ 599.300 599,300 240.585 155.000 1599,3811 463,631 165,098 (68,248? 49.977 Al 31 D*¢ÈthbÈ ?024 3.Z80,561 59,152,549 ,F50.000 7DO,QOO 64.B83.110 49.977 Charfty Fu￿d £ 202J Movement in Fund5 01.012023 E Unrtstlictsd Funds 1.750.000 699.813 64.402.606 Income £ Net Income for year before 967.935 967.935 54S,164 (945,164) 16.866 5,563,064 1968.015) 463.984 At 31 December 2Q2 32BO.561 .750.000 699.814 65B34.606 Transfers of funds The transfer of funds represeDts the purchase of building5 and refurb15htnent. It relate5 to work carried out on Ephraini Court which h35 been c3pitalised. The purchases have fullilled the re5trictioDs and the costs have been transferred to general fund5. The Nefflbers of the Council have reviewed the de51gnated fuDds and have Initiated a number of transfers so that the final balances represent a more accurble picture of the funds held in line with their current strategy. Purp05* of iuhds Biiilcing Fiind Thi5 includes the development C05ts for Ephrairn Court to be 5peDt in the De¥t year and to progre$5 our plan5 tor the redevelopment of Fairacres. Ephraim Cou't ThÈ EphrÈim Court fund rèpfè%Ènt% funds rètÈIV&￿ for thÈ dÈvèlopmÈNt of Ephraim Court. Thè transfer in the ye8r rel8te5 tts work ¢èrrled out on the develtspment in the ye8r whi¢h h8ve beèn tèpiièliSÈd. Plannpd MRintv.rL3iCP Fund- lund5 set aside for the planned n73intenancp works in 2025 É175rn 15 exp¢¢t¢d tts be sp¢nt on furthèr maint*n4n¢¢. Fixod Assl't Funa this represents the net book vilue of the totil fixed a5set5 Used by the charity which arè not includèd In èndowmÉnt funds. TrÈnsfèrs to and from thè fund rèprÈSènt thè proportionatè amount in net book values. F&ir&trL'S Restricted f￿ndS for Fèirècres ère rinofenced for the proposed redevelopmeni of this. JBD'S oldest Site. ￿ planning application was submitted in 2024 and in Jèrnuary 2025 JBD secured planning permilsion to redewelop Fèirècres. We are actively fundraisin9 for this project and during 2024 Olher.. Olher funds represenis other funds where monies have been received for a restricted purpose. These include Independent Liwing and monies received lor tenani support and new minibus. 48 49 Notès to thè Accounts- Y•ar ènd￿ 31 D•c•mbèr 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIET Not•$ to thè Accounts - Y•ar èndèd 31 Docèmb•r 2024 JEWISH BLIND & PHYSICALLY HANDICAPPED SOCIETY 21 ANALYSIS OF NET ASSETS BETWEEN FUNDS 4.238.598 2024 IndcTrWIM¢llt Fund5 £ Bahkloan 1.879,479 60,550,157 62,429,636 4,238.598 77,337 49,977 4,997,002 700,000 S.824.M6 ne 23 OPERATING LEASE COMMITMENTS 31 Dècgmbbr 2Q24 49,977 700,000 66,889.903 within one year-. tsT0￿p2O24 £ tsroyp2023 É Charity2024 £ Charity202J É 2023 Endowment Funds £ Fund5 £ FuThds £ e year 1.879.479 57271.255 Amaunts du? betweph 7.￿6 20.291 Net cuyrent 3&sets 77,337 9,128,067 912,334 10,X4,862 Total 23,595 23.593 c￿dItOrS r one year -51 O*coMbor 2023 63.119.898 700,000 65.873*38 24 LEGAL STATUS OF THE SOCIETY The Society 15 a private cornpany limited by guarantee ha5 DO Share capital. In the event of the charity being wound up, the liability in respect ol the gLJarantee 15 IITnited to £1 per metnber ot the charity. 22 CASH GENERATED FROM OPERATIONS 2023 É 25 RELATED PARTY TRANSACTIONS Jew15h Blind & Phy51cally Handicapped Society has a wholly owned trading subsidi3ry. JBD Properties Limited. During the year. J8D Properties Invoiced Jwvish 81ind 8 Physically Hanclicapped Society (JBD) £5,Z85.859 (2023." £2.166.207). At the year end, £58.985 (2023.. £914,024) wa5 owed from JBD Propertie5 Limited. Adjustments fDr. 17.299 In the yeor. the charity received I total of É23.840 donatlQn5 from the Member5 Qf the Council (2023- É16,602). 5.870 26 CAPITAL COMMITMENTS Interest At the year end, the group hèd cèpiial commitments of É3.367m (2023- É8.165m). 96.272 472,940 723.243 Cash gonorated operations 2,305,990 50 JEWISH BLIND & DISABLED The key to independ8n¢e O Q @JBDCharity 020 8371 6611 info@ibd.org www.jbd.org Charity Nts. 259480 Company No.. 00959535 (England and Wales)