Charity re9lstratlon numbw 271323 {England and Ylaksl Charity r•glstration fturnr SC041720 (Scotlandl Company rryi$tration number 01254746 (England and W)l•$l INTERNATIONAL MISSION TO JEWISH PEOPLE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
INTERNATIONAL MISSION TO JEWISH PEOPLE LEGAL AND ADMINISTRATIVE INFORMATION Trust••$ Rev 8 Midglèy Ms M Huey Ms R Mather50n Mr R Haffer Dr T Ru¢inski Rev J Watterson Rev P Wjlliams Charlty numbèr IEngland •nd W•l•sl 271323 Charlty numb•r (Scotlandl SC041720 Company numb•r 01254746 R•glst•r•d •ffl¢• l Oasr5 Park slant H8rcwrt Road Eynsham Oxfordsh OX29 4TP Audlt•r Ciitchknys Audit LLP Btaver House 2>38 Hythe Bridge Str•8t Oxfortl OX12EP Bank•r* HSBC 184 HKdh Str¢•t Bromky Kent BR1 1HL Sollcltors Wellers 65 Leadenhall Stre•t London EC3A 2AD Inv•slment athilsors Brewin Dolphin Securities Ltd 5 Gillspur Street London ECIA9BD Insuranco broktrs WRS Limited Cadman House. off Peartree Road Stanway, Colchester C03 ONW
INTERNATIONAL MISSION TO JEWISH PEOPLE CONTENTS P•ge Tru$l¢es' Tewt Statemnl of trusta•$' r•$ponbilitie5 Ind•pendènt audrtorfs report Slalèmtrnl of financAal aclivities 10- 11 Balance sheel 12 Stat•mnl of ¢8sh Ilows 13 Notes to Ihe finanoal statemènts 14-28
INTERNATIONAL MISSION TO JEWISH PEOPLE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustee5 present their annual rerM)rt and finanual statèments for the year ende1131 March 2024. The financial ststèmtrnt5 have been preparnd in acoydance with the accounb'rvj poh'cies sel out in notè 1 10 thè rinancial slalémenls and comply with th8 challtys 9oveming document, tha Companies Acl 2006. thè Charities and Tnjslee Invèstment (Scotlandl Act 2005. the Charities Accounts IScotLandl Regulations 2006 las amendedl and "Accountin9 and Reporting by Chanliès.. Stalement of Recommended Pradice applicable lo charitiès preparing their awounls in accordance with the Financial Reporb'ng Slandard applicable in the UK anLI Rtrpublic of Iieland IFRS 1021. (effective 1 January 20191. Obj•ctlv•s and •ctlvltlg• Public benefit The m8in objective of the Charity 8$ outlined in the govemirKd dcMent 15 the advan¢*menl of Ihe Chrislian faith, prinGipalty lo Jewish peoplo. In order lo further Ils obJe¢tivo8, the Charity ha$ promoled the Gospel ol Jesus Christ and has provhled the support lor Jewish Chr15tians. Its employees havt ¢oFtgsponded wth •nquirèrs, alleviated hardship." conducted Bible sludi6S'. allg8ged in research.. written. pub115hed and d15tribute¢J Chnstian Iilerature.. and have promot8d th$ G8use ol J•wssh avangelism through preaching and leaching. These policies hav8 been consislondy applied throughout the yaar undèr review wlh no chan$ b8ing implemented sinc8 Ihè Pf•VKJUS reFMM. In $61gcling thes• policiès. th• twslee5 have Cons•T•d th& Charity Commission's gèneral guidance on public btrnefil. The Chanty has wovid•d public benefil by adhèring to its objeclives and carrying out Ihe 8Ctivilies lo in thair report. The advancèment ol the Christian 11910 by rnaking ¢he Christian message known and in particular to Jewish people as widtsly 85 possible, bolh in Ihe UK and overseas, bfings spirilual. moral and practical beneflts. Grgftt rnaking policy Grant maklng poll¢y Grants are rnade lo organisalions which supw¢ Ihe aims of thè Chanty, in particular. grants are madè to H8Gelen to support publishing ol evangelists¢ malerial in Israel aTrJ to J8w$ for JosLJ5 to lund missionary ¥¢livily ou15ide ol th8 UK.
INTERNATIONAL MISSION TO JEWISH PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achièv¢m•nts and performance Significanl èetivili8s and achiev&m&nts ag8insI objectives The Charity has continued to fulfil its ob of ¢he advancement ol Ihe Chrislwi faith prinplty among Jewish people through dired evangelistic projects and endeavours, and by ¢n(xyJraging churches to share Ihe Good News of Jesus with Jgwish people and support the work ol the Chawity. Evangeli5rn wa5 conducted by encouraging and supporting missionaries in Ihtr Uniled Kingdom, Isfael, United Slates ol America. N8therlands. France, Hungary. Australia. Brail. Ukraine and Moldova. St8ff. Ctsuncil and associato workers ieprèsonled Ihe Charity at churthe5 and Christian ov•nts. In the Cities Global Oulreaches.. In the wakè of thé global pandemic. th• MISS dechjed lo work a more flexible outreaeh strnlegy to create publicly reengage with the cities where they arè a¢tive by having the missionaries run local oulrèache5 using volunteers. This programrne ran through thè yèar and enabled the missi¢Jn to wver all centres ol ministry without the need to cross national borders. These oulr&a¢hes helped us lo build up better evangèli$lJ"c engagement through loeal ¢hur¢hes, gave the missionaries more k>cal ¥olunt•ors lo work with and grew therr missionary caseloads. The mission procèéded wlh missionary lours in ScolLqnd. EngLand. W8tes and Ireland with a big inc¥ease in arranged church meetings and a posttive gr0h on the dalabasè fof i1Kased communicatson about the mi8sions' activities, with d¥putslions in Hong Kon9, China. Scwjlh Kof88 and R$publ ol Ireland. ong with all these new initsatives has come the hard wofk of tter utilising the datgbas¢ by rnaking sur8 It is up lo dale, by correcling old chur¢h dats and adding new Churc$ the Mission ts sa¢kin9 to engage with. Thè bètter utilisation of the data ol individua15 created b8tter ¢ommunic8tions to Ihè $upporl•r5 01 the rnission with SriC n•ods and interests. We are encouraged by how far we hav• com* in such 8 short time under so much w•ssur•. Wè thank God for his help and wisdom and trust him kn our lylur¢ seryice to his causo. Mlsslonary staff tralnln Continuou5 training look pla¢0 for 011 office staff and missionarie5 Ihroughoul the financ481 year. Promotlon Slaff presSntÉd Ihe Charity al Christian •vents in the UK, ihe United States, the Fai East. Europe, Israel and In China by tltrctronic media. Fundraising perfomianco Inlemalional Mission lo Jewsh Pètsp used a numb8r ol drflerent publications to inlomi 5upporiers of th6 on-going mission work ol Ihe Chanty. the re5uNs Irom aclivities that Ihey support and the Insight into Jewish s8ngits'vit18s and culture. These publication$ included 'The Hefald., indivKlual prayer letters and appea15. These continue to build partnerships with supporttrrs bringing in both pray8f and financial support for Ihe continuing WO of Ihtr Ch8rity. Flnanelal r•vigw The Charity has sègn an overall incrna in irthrre in the year undèr review. The main source of funding for tho Charity continuès to be donations rec6iv8d from supporters. A number ol specific appèals and projects were run during thè year and these were very suceesslul. The Chanty is gratefvl fof the giving of its 5UPPOrters an¢J also lor Ihose who rèmember Ihe Charrty in their wi115. The defiul for the year before investment gains was £279,60012023.. deficit of £206.9721. The ov¢¥¥ll defiryl was £202,220 12023. defIt of £286.647} after bnveslmenl gains of £77.380 12023.. losses of £79.6751.
INTERNATIONAL MISSION TO JEWISH PEOPLE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 R6sorves policy The Charity had totsl funds of £3,214,212 al the end of Ihe year12023.' E3.416,4321. £225,296 of these fvnds were reslricled and a further £1.339,790 wère dtsignated by the tnjslees for specAfic purposès. The most significant being a Property Fund 01 £1,089.790 whtch represents the Charity's investmenl in property roquired io enab the Chanty and its Ove3$ undèrtakings to cary out their activities. The remaining unrostricted funds wèrè £1,649.126 al the year end. The Charity's r•srvo$ pOl¢Y is to maintsin available reserves 8quival•nt to four mtsnths operating costs togelher wth the expenses which WCuld b¢ incurred the charity wer• to cgase rts a¢tivitw. Togelher these afe esb"maled lo bè £650,000. The exce53 reserve5 of £999,126 will b9 ¢xpeftd¢d in lh¢ noxl lew years to expand th• work ol lh• Chanty. 8tNctur•, gov•mane• and man•g•m•nt The Charity is a company limited by guarantee, 9ovtrmei1 by ils Memorandum and Articlès ol Association. Mèmb&rs ol the Council are appoinled by m•mb¥r5 01 the company at Ihe Annual General Me•iing. At ¢8Gh Annual Gener81 Meeling on6 Ihir¢J of thè m•mbsr$ of Ihe Council retire from office bul are •l1gibla for re-election. Nw Council Membèrs ar8 formally induct8d wh•n appointed. Counc¢l memb•rs and staff r•¢giv¢ various and different Iraining and support during th? y&¥r from Global Connections. CNil Soci8ty 8nd oth81 training and support structures. Thè Charity is manage(1 by CEO and senior management to mèèt lh& poliu•$, goalB and direcbon a5 Sat by the Coun¢il tsf Managernenl. The salaries ol the Charily staff art r•vwed annualty. The tnjslees. who art also thè dirè¢lors lor Ihe purF)se of company law, and $erv&d during the year and up lo the date ol swnalure Of Ihe financial stalernenls were.. Rev P Morris IReswJned 8 June 20231 Rev B Midgley Ms M Huty Ms R Malherson Mr R Haffenden Dr T Rucinski R$v J Watterson Rev P William$ Rlsk 0¥s•sJm•nt and manag•m•nt The Council maintsins a risk register which 1$ lo highlighl spJnificant threats to th8 work ol the Charity and action is taken to manage the risks identsfied. Audltor In accordance with the companY$ article3. a resolu1n proposin9 that Critchleys Audil LLP b? re8ppointed as auditor ol th• company will b¥ pul at 8 Gener MeeliThJ.
INTERNATIONAL MISSION TO JEWISH PEOPLE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Dlsclosur• ol Inforniatlon to auditor Each of the tru5tee5 has confinned that there is no infomation of which they afe aware which is revant to the audit, bul of which Ihe auditor is unaware. They have lurthgr eonfirmed thal they have tak8n appropriate sleps to identrfy such relevant information al to establish Ihat the auditor is aware of su¢h inf0nn8tK)n. Thg Irusleps. re rt was approved by Ihe Board of Tw$t¢¢s. Rev B Midgley Trust•• Mf R Haffenden Truste• Datè..
INTERNATIONAL MISSION TO JEWISH PEOPLE STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Iruslees, who are also Ihe directors of lniematicaI Mission to Jewish People for the purpose of company law. are Tesponsibl$ lor preparing the Trustees, Report and the finan¢i81 statements in accordance with applicable 18W and Unite¢J Kingdom Accountin9 Standards (United Kingdom Generalty Accepted Accounting Practice). Company Law requires the trust¢•s to wepare finandal $tatsrnents for each fin8nckg1 year vthich give a Irue and lair vièw ol the State ol affairs tsl the charity and of the incoming SoUrc•S and application ol r&souic•s, including the incorne and expendilure, ot thÈ charrtable company for that year. In preparing Ih&se financial statements, the truslees are required iO- - select suitable accounting poltciès and Ihen aY them consistenlty: - obsèN& Ihe melhods and pnncipl&s in the Charil$ SORP.. - make judgements and èslim81tr$ that am reasonab an(1 prudent: state whethèr applicable UK Accounbng Standards hav8 boen folbwed. subj¢¢t lo any material dep8rturgs disclosed and explained in the finana81 statements.. and prepare the financial stalements on the going conrn basis unless it is inappropriate to presume Ihat the ¢h8nty will conlinue In operation. Tho Iru$iees are r•sponbl¥ lor keew'ng advate 8w)unhng r•cords thal di8clos8 with r•Bsonabl8 accuracy al any lime the financial ptssilion of the chanty and ertable Ihem to frnsurè Ihat Ihe financial statements Gomply with the Companies Act 2006. Ihe Charili&s and TnJ5tee Investment IS¢oll8ndl Act 2005 and the Charities Accoun1$ (Scotlandl Règul8tion5 2006 las amènded). They are also responsib for sal89uarding the assets of tho ¢harily 8nd hfrnce lof taking reaSonae sl¥p$ for the prevention and doteclKJn ol fraud and other iThegularities.
INTERNATIONAL MISSION TO JEWISH PEOPLE CRITCHLEYS INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF INTERNATIONAL MISSION TO JEWISH PEOPLE Oplnlon We have audlted th• finanti41 statements of Intemalimal Mission lo Jev4ish P•W• Ilhè'eharity'l fof the year ended 31 March 2024 which comprise the statement ol finanoal activilies, the balance sheel. the statement of cash flows and notes to the financial statements. includir4J signrficant accounting policies. The financial reporting framèwork Ihat has been 8pplied in their PparatIOn is apt¢able law and United Kingdom Accounting Standards. including Financial Reporb'ng Standard 102 Thg Finonual R8wting Slandwyl Jppkable in th& UK and Republ¢ of Ir&land IUnil$d Kingdom Generalty ApIed Aounng Practicel. In our opinion, the finanelal ststements-. 9ive a true and lair view of Ihe stste of th• tharttabkn ¢cffipanY8 affairn as at 31 March 2024 and of its incoming r8sourctt ¥nd applKalJn of resoww. InckKliNJ its incorn and exp8ndilur. for the year ihon end8d'. have b8•n proty pr•p4r•d in accordance ilh Unil•d Kinwjom Gemrally Acc•pt•d Accounting Practice: and have been weparad in •c¢ordènc• with tho i•quk•m•nts of th• Companies Acl 21)06. th• Ch8nties and Truslee Investment (s118nd) Ad 2005 and r•gul•tbn 8 of Ihe Chariis Acwints (Sco4nd> Regulallons 2006 las amended). B••l• for oplnlon We conduetad our audil in accortlancé th Int¢mabonal Standar(Is on Audib"ng IUKI IISAS IUKII and appll¢able law. Our responsibilities under thos• standard$ #re further described In thè Audrforfs responwtslities for th8 èudit ol the Lfn4n¢ial slJlements section of our rèport. We are indendent ol the charity in accordance with the ethical requirèments that a levant ¢0 our audrt of Ihe financial statèmsnls in the UK. including the FRC'S Ethical Standard. and we have fu111ed our olhef ethical responsrbilitsè$ in a(rance wih Ihfrse requii•mtrnl$. We believe that the audit evidenca w• ha oblained 1$ suffident and oPWOVi•te lo pTovide a basls fcrf our oplnion. Con¢luslon• r•l•tlng to qolng coric•rn In auditing Ihe finan¢ial slalements, we have con¢tuded Ihat the Iru51ees' ol goiNJ concm bas1$ ol accounting in the prepar81ion of the financial sl8tements is appropriate. Bas on Ihe work we have Frforn. h¥vè rK)t wJenIrf any materi¥l uncertainties r•laling to en¢$ or condition$ th81. Individual or coll•¢tiv¢ty, may casl significant doubt ¢n the charity's ability to continu¢ 88 8 going con¢em lor a period of al least tw&lve from when t finanual slatements are authorisfjd for issuo. Our responsibilities and Ihè responsibilitS of the trust¢&s ¥&ith respect to gn ¢0M are described In the rolevanl sections of this rèport. Oth•r Inlormatlon The other infomalion cornprises the inlomialitin induded in ihe amual r•port other than Ihe financial statements and our auditor's report Ihereon. The lrnsttts are responsib for Ihe olhtr information contained within the annual report. Our opinicffj on the financial $18lemsnts does not cover the other infcffmation and, excèpt to the extent othe1$? explicity siaied in our rekwt. we do not expr8ss any forn of assurance cOndusn thereon. Our rgspon3ib¢lty is io read Ihe olher informatTr and. in doing so, consKler whether the olhèr information is malerially intonsistenl with the financAI $tstements or our knowledgè oblainod in ihe course of thè 8Ut111, or Otheise appears lo be materially missi8ted. 11 we idenlfy such matenal irwnsistencies or apparent m8tgri81 misslatemenls, we are reqUId lo d¥temintr vthether this gives rise to a material misstalemonl in thè financial 5taiements themsefvas. 11, based on the work we have perfom*d. g)ndude that there a mgt¥rial misslalement of this othor inlomwlion, we afé required to pOrt that fact. We have nothing to report in this regard.
INTERNATIONAL MISSION TO JEWISH PEOPLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS AND TRUSTEES OF INTERNATIONAL MISSION TO JEWISH PEOPLE Oplnlons on oth•r matt•r5 prg$¢ribed by the Companlgs Act 2006 In our opinion. based on the work undertaken in Ihe course ol tyJr audil.. th$ information given in the trustees, rewt for the financial y$ar for which the financial statements arg prepared, which includes the dir•ctors' report prepared fcw thè purw)5es of company law. 1$ con$i$t¥nt with the rinancial stalements.. and thè dIrlOr5, report included within th& trustees. feport has been prepared in accA)Tdancè wth appli¢abltr legal requirements. M4tt¢rs on whlch we arè rèqulred lo report by •x¢eption In the light of the knowledge and understanding of the charty and ils environment obtained in the ¢ourse ol the audit, we have nol identified material mi8slatemenls in the diro¢lors' report included wtthin the Iw8lee8' report. We have nothing to report in respect ol the foll"h9 m•tters in reL8tion to whi¢h Ihtr Companies Act 2006 and Ihè Charili•s AGcount5 (Scotlandl Regulations 2006 las amended) requirè us to report to you if. in our opinion." adequate and pro1 accountsng records have noi been kept. or relums adèquate lor our audit have not been reeeived from branches nol visNed by us. the financial statements are t1 in agreement with the a¢counting records and retum$,' or ertain disclosures ol truste. remyneralion specified by law are not made.. or we hav¢ not r$¢eived all the infomatK)n and explanations we wuir¥ lor ¢wr audil.. or Ihe trustees were not entitled to prepafe th¢ financial statemenis In aecordance with the srnall companies regime and takts advanlage of Ihe small comp8ns' exernptions in preparing the iiustees, report and from thè r•quirerngnl to prepare a strategic reptyt RgJpon•lbillli•s ol trust••s As explained more fully in the statement ol trustees. responsibilllies. the trustees. who are also the direelors ol the eharily lor the purpose ol company law, are spOnSible for the preparalion of the finanaal statemen15 and for being Satisfied that they give a truè and fair view. and for such Intèmal ¢onlrol as Ihe Iruslees dèterrnine is necessary to enable Ihe preparation ol financial stalemenls that arè fretr from rnalerial misstat8ment. whether due lo fraud or error. In preparing thè finan¢i81 stalements, Ihe trusiees are sponsible lor assèssing the charity's ability to continue as a going concem, discbsing. as appli¢able. matlers rolatèd to going concem and using the going concern tyasis of accounling unless thè trusiees eilher iniend to IUld419 the charitable company or to ¢•ase op•ratTrons, or have no realistic alt6rnakn"v8 bul lo do so. Audltor's r•sponslbllltl•s lor th• audlt of the flnanelal •tst•m•nts We have been appoinled as auditor under seclion 441lllcl ol the Charities and TNslee Investment (Scotlandl Act 2005 and under Ihe Companies A¢t 2006 and report in accordance wilh the Acts and relèvant TegulatTron5 made or having effect thereunder. Our objèctiV8S are to obtain reasonable assurance aboul whether tho financial slalements as a who16 8r& frè$ from malonal tni55taternenl. whether du• lo fraud or error. and to ISSU8 an auditor's report that Tncludes our opinion. Re8sonable assuran is a high level ol assurance is not a 9uaranlee that an audit conduded in accordance with ISA5 IUKI will aNvays delect a material misststement when rt exists. Misslalements ran arise Irom fraud or Èrror and a considered matÈnal rf. individually or in the aggregate. they could reasonably bÈ expected lo influence Ihe economic decisions of user5 laken on Ihe basis of t$ finanrAal statements. The extent lo which our proCedUS are capable of delecting irregularitiès. including fraud. is detailed below.
INTERNATIONAL MISSION TO JEWISH PEOPLE INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS AND TRUSTEES OF INTERNATIONAL MISSION TO JEWISH PEOPLE Our appro8ch to Myentifying an¢J assessing the risks of matenal misst8tèmont in respect of IegularitIes, including Iraud and non-compliance with laws and regulatsons. was as follow$-. the engagement partnèr ensured that the engagemenl leam collectively had the appropriale competèn¢è, capabilities and skills Io Klentfy or recognise non-compfianG# with applicab laws and reguktions.. we Idefttrfied the laws and regulabons applicab lo the o)mpany through dis¢u$$ions with directors and othèr mana9emenl. and from our knowlad and oxperience.. we focused on specific laws and regulations which we ¢onsKlered may havè a dirert material effect on the finan¢ial stalernenls or the operabons of thè ¢pany. • w• 8$se55ed the extent ol compli8n¢¢ with thg laws and regulai$ ¢tif1¢ above through making •nquiries of managem8nl and in$ptIng legal rreSpondenC wher• appk'¢ablp,' and identified laws and rUlaon$ were communicated wthin the audit team regularfy and the team femained alert lo instances ol norrtompliance throughout the audit. W¥ assessed the susceptibllity of th company's fin8ncAal slat¢m¢nts to material misstatemenl. including oblglnln9 g4n underslanding ol how Iraud might occur. by.. making enquin8s ol manag8menl as to whefa thèy ¢on$id¢red there was susceplibility lo fraud, Ihoir knowledgè ol actual, $uspecled and alleged fraud; considèrin9 th& intemal controls in pla lo mth"98te risks of fraud and non-compllance wllh laws and regulations.. and To addrass the risk of fraud through mana9wngnt bia$ and override of conlrols. we: porform analylical procedures to idenlfy any unusual or uneypected r•labonship8', te$td ioumal entries to idtrty unusual transac)n8- 8$$•$sod vthether judgem•nts and o$$ump1th5 made in d8temiinin9 th• 8¢¢ountsng 8slimal8s wefa indicalSve of polentlal bia$; and investigaled the ration8t8 hItsd signrficant or unusual transa¢tion$. In response to the risk of irrègulaNies nortr(y)mpliance th kws and wulations, we designed proc•duws which included, but w8r• not limited to.. agreeing financial slatement discthures to undertyin9 SUPPOrting (1Mn(aln.. reading the minute5 of meetings ol those charged vnth govemance: enquiring ol managernenl as to actual aThJ polèntial litigation and daims.. reviewin9 relevant correspondence. There are inherent limitations in Ouf audit procedures described above. The more removed Ihal laws and règulations are from financial tranStiOns. thè lèss likety it is Ihal we woJld bacorT aware of nors-compliance. Auditing standards also limit Ihe audit pri)eedures QuIred lo identify rth-compliance with laws and regulations lo enquiry of the directors and othef management and the inspeciion ol wul•tory and gaI correspondence, il any. Malerial misstatfrmonts that arisg due lo Iraud can be hardèr to detect Ihan those thal arise from error as Ihey rnay involve deliberatè ¢once8lment or collusion. A lurthai description of our responsi"1"$ Is availabk on the Financial Repo"n9 Council's website at.. htty)s'.11 www.frG.org.ukJaudi(orsresponsibilrties. Th derip1K fomis part of our audrtorf$ repyt.
INTERNATIONAL MISSION TO JEWISH PEOPLE INDEPENDENT AUDITOR'S REPORT (CONTINUEDI TO THE MEMBERS AND TRUSTEES OF INTERNATIONAL MISSION TO JEWISH PEOPLE Use of our rgport This report is made solety lo the chaTrtabK8 companls members. as a ty, in •¢cordance with Chapter 3 01 Part 16 ol the Companies Act 20( and lo the regulation 10 ol the Charities Accounts (Scotlandl Regulations 2006. Our audit work has been undertaken so that we mvjht state lo the charitab19 Gompany's members and trustees those matters wg are required to stat& to them in an audilorfs reporl and for other purpose. To thè fullest extent pem)itted by law. we do not accept or assume SpOnsIbl11ty lo anyone other than the ¢h8ritable company, the charitsb company's members a5 8 body.and the chèrilablg company's trustees as a body, lor our audit work, for this report, or lor the opiniolls we have lomied. Ka¢h•rln• Wilkès (Senior Statutory Auditor) for lhnd on b•half of Crlt¢hl•y• Audlt LLP 7111124 Chart•rèd A¢¢ounlant• Statutory Audltor Bèavèr Hoys& 23-38 Hythè 8fidg¢ Slfeet Oxford OX1 2EP
INTERNATIONAL MISSION TO JEWISH PEOPLE BALANCE SHEET ASAT31 MARCH 2024 2024 2023 a$ r¢$tsl•d Not•s Flxed ass•t8 Tangible assets Investment properties Invastmgnls 12 13 14 353,063 745.000 1,505.556 353.290 745.000 1,439,226 2.603.619 2,537,516 Curr•nl •J¥•t• Debtors Cash at bank and in hon 15 169,144 484.920 193,277 732,461 6S4,064 925,738 Cr•dltors'. •moun¢s falllng du• wlthln onè yèar 16 143.471} 148.8221 Nel cunent 8ss8ts 610,593 878,916 Total as••t$ l•¥ ¢urr•nt Ilabllitl• 3.214,212 3.416.432 Incom• funds Restricted lund$ Designaled lund$ Unreslricled lunds 18 225,296 1.339,790 1.649.126 237,422 1,489,790 1,689.220 3.214.212 3.416,432 Thè 2023 balan sheel has been r•statéd rtrfiect a charvp in alktioN tretyen funds. S•8 riote 26 for dotsils. The finan te ts we opproved by the Trustees on .....i.l ..S.SP£v ¢EL loz . Rev B Midgley Tru8le• Mr R Haffenden Trust•• Company r•glstratlon numbèr 01254746 12-
INTERNATIONAL MISSION TO JEWISH PEOPLE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Ilotes Cash flows from op•rating actl¥ltl•$ Cash absorbed by 0ratIonS 25 {359.9741 1293.8591 Inv•stlng ¥¢tl¥lti•s Purchas6 ol tangibl8 fixed assets Proceeds from sale ol invtrstments Movement of investment kjans recèivables Purchass of other inv85tm8nts Cash movem8nl in invÈstments Investment income receivèd 12.7281 213.381 11.6641 506,630 11.9)8 1211,2921 8,961 92.203 153,0921 1253.0061 {12.0301 82,971 Net cash 9•n•r•ted from Inv•itlng actl¥ltig$ 112,433 269,809 Nèt cash us•d In Ilnanelng act5v5tl•• N•t d•er•a• In ¢•¥h and calh •qubvlonts 1247,5411 124,0501 Cash and cash •qulvabnts èl beginning of ar 732.461 756,511 C••h •nd ¢•$h •qulval•nts at •nd ol y•ar 484,920 732,461 13-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl•s Charfty Intorm4tlon International Mission to Jewish People is a private company limrteil by guarantee incorporatèd in England and Wa16s. The règislered oifice is 1 Oasis Park. Stanton HaIrt Road. Eynsham, Oxford$hiro. OX29 4TP. 1.1 Ae¢ountlng ¢onv•ntSon The financial statements have been ppared in accordance ¥wlh the charilvs govtrming document. the Compani95 Act 2006. the Chanlios and Trusleg Investmenl (Scollandl Act 2005, the Charities Accounts Iswtlandl Regulations 2006 las arrndl, FRS 102 -The Financial R•ptsrting Stsndard applicable in the UK and Republic of Ireland" I"FRS 102-1 and the Chanlies SORP -Accounting and Reporting by Charities. Statement of Recommend¢d Practice applicab to chariti&s pr&parin9 their accounts in accordanc8 with th¢ Financial Reporting Standard applicable in th8 UK and Ropyblic of Ireland IFRS 1021" (effective 1 J8nu8ry 20191. Tho charity 1$ 8 Public Benefil Enlity as defined by FRS 102. Th& financial slalemenls ar• Prepar in M•dirKJ, which 15 lh• functional euffency ol the charity. Mon•tary amounts in these finanaal slatements are rounded to the nearesl £. Th8 financial stalèmsnts are Pfepared on a going concem basis under the historical cost conventlon, modiliod to includ6 certain items #t fair value. Tho financial sl8teThnts are prepared in st•din9 whi¢h rs th¥ funclional currency ol th& Gharily. 1.2 Golng ¢on¢•rn Al thè lime of 8pproving the finan¢ial $t¥lemnts, the Ifuslees have a r8asonabkn expeclation that Ihe charily has adequate resources to Conts"n in operational exislence lor thè forèsttable lulure. Thvs the tr(t$t3 continue to adopt the goin9 cowm basis ol accounting in prepann9 th¢ financial statements. 1,3 Charlt•ble lunds Unrestrictèd lunds ère available for use al Ihè dis¢reiv)n of the tnJsi88s in fvrthr8n¢• ol the general obi•¢Uv*s of Ihts charily and Wh hav• nol been designated lor olhw purpw$. Designaled funds comprise unre$lr6¢ted lunds that have been sel aside by the truslees fcv particular PtJrp05es. The aim and use ol aach designated lund is sel out in the notes lo Ihe financial slalements. Restricted funds are funds which ale to be used in accordartt wtth specffie rèstr¢tions imposed by donors or which have been raised by thè charity for parlicular purposes. The cost of raising and administering such funds are charge¢J against thè $pe¢ific lund. The aim and use ol each rèstricted fund is set out in the notas to the financial statements. 14-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 A¢¢ountin9 po15cl•s (Contlnuedl 1.4 Income All incoming resources are included in the Statement of Financial Activities ISOFAI when thè charity is legalty entitled lo the income, after any performance cOndrtns havg been met. The amounl can be measured reliably and it is probablè that the income will be re. Don•tlon For donations to be rocognised Ihe donation will have been rec8ived Or the charity will havè bfr&n notified tsf th& amounts and the setlbmenl datè in WTibng. L¢gaci?s For legacies. entitlemènt is the ¢arher ol the charity Ing notifd of an impendin9 dstrIbUtion or Ihe18g&cy being received. Al this point Incorne is recognised. On occasion legacies will be nolifi•d to Ihe charity however il 15 not possible lo rn9asu the amount •xp&ded to be distn'buted. On thts o¢¢asions, the 18gacy is Ireat8d as a contingent assel and di5ckJs•¢J. Inv•stm¢nt Incom• Inv8strnent inwme is earned through holding assets lor inveswnènt purposes such as sharè$ and prop&rty. It In¢lude5 dividends. int8resi and rènt Where il is not praclicablo to idenlfy investmènt managèmonl costs Incurred wilhin a schemè wrth 8$¢nable accuracy thè in$1mnI income is r6port8d nèt ol these costs. It is included when the amount can be measured reliabty. Ini•rèst income is r•cognis8d Ltsing Ihe effective inter&st method and dividand and rent incorne is recognised as thè charily's right to r1ve payment is established. Oth•r Ineom• Othér Incorne includes gains on disposo1$ ol langibk fixed assets. 1.5 Exp•ndlturè All expen¢Jitur8 is accounted for on an accrvals basis and has been dassifi8d under headings that aggregatè all costs relaled lo the category. Expenditure is recognised where there ts a bggal or constructive obligation to mako payments lo third parties. it is probable Ihal Ihe seltlemfrnt W11 be required and lh8 amount of th¥ obligalion can be m8asur•d lIablY. 11 1$ calegon.sed under h• lo1b.ng headiThJs.' Cost of ralslng lund$ This includes all expendrture incuThed by th8 chanty lo ratse lunds for its chantabl¢ purp)5es and indudes costs ol all lundioising activrties events and rw)n-eharrtable Ir8ding. Exp•ndltur• on tharftabl• actl¥btl•s Thesè are costs incurred on the chantable aclivities. includiThJ Support ¢osts and costs relating to the goveinance ol Ihe charity apportK)n•d lo charitable aclivities. Irrèeoverable VAT is charged as an axpènse against the actNFty lor which expenditure arosè. Grants p8yablo io third parties are within the Charilable ctJjecliv•s. Where uncondits'onal grants arè offèrèd. this Is accrued a5 soon as Ihè r6c1p1è is nolified ol Ihe grant. as this gives rise to a reasonabla axpectation that the reci.ent will receive the rants. Where grants are conditional relating lo perfomance thèn Ihe granl is only accrued when any unfuifiued conditions are outsida ol th& conlrol ol the charity. 15-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollel•s IContSnu•dl Support Cts allocatlon Support costs are those that assist th¥ work of Ihe charity but do not direGtty represent charitable aclivittO$ and Include orric costs. govemance cost5. administrative payroll costs. They are incurred directly In support of 9xpenditure on the objècts ol the chanty and indude projed management carried OLtt at He8dqu8rters. Where 5UPPOrt costs cannot bts directty attributed to parts"¢ular heading5 they hav• beèn allocatod to cost of raising funds and &xpendilure on charilable activities on a ba515 consistent with us8 of th8 resources. Fundqaising Costs are Ihose incurred in stskn"n9 voluntary contributions and do nol include th8 costs of disseminatin9 information in support ol the chariiabl& activities. Th¢ analysi6 of these costs is in¢d¢d in nol¢ 8. 1.6 Tanglbl• flx•d ais•is A$$ets costing £1.000 of rn0 are c8pi¢alised as lang1 fixed assets and are carri8d at ¢051, net of depreciation and any provision lor impaifmenl. Cost includ¢$ costs directly artributable to making the asset Capable of op6ratin9 as Intended, Grants payablfr to third parties are within the charitsbse obj$¢tives, Where unconditional granls are ollered. this is accnJed as sts)n 05 the CipIent is nolifi$d ol the gr8nl, as this gives rise to a rea$onable expe¢t8tion Ihal th6 recipnt will receive Ihe granls. Wh•r• grants are condilional relating to porform8n¢e then the grant Is onty 8¢uU when any unlulfilkd conditson$ gre outside ol th8 control of th& charity. It Is Ihe charily's poky to maintsin its propert in a $t8t of good repair. In th6 ca of ¢Jom8$ti¢ and office properties rt is consid6r$d that the residual values and lives of the properts'es ai• su¢h that ¥ny doprecialion charge would not bè significant. Therelofe. no d&pCla110n is provided. Depreciation 1$ r&co9ni$¢(150 ès lo wnte off th• cost or valualrf)n ol assets kns th¥lr r¥$itJual valu•s over their Useful liv8s on Ihè lollt)wing bases.. Freehold lan¢J and buikjings Leasehold lan¢J and buildings Fixtures and fittings S years 5 years 5-10 years A vIeW lor impairmenl of a fixéd assèt Is camed out il events or changes in CircmstanceS indicatè that the carrying value ol any fixed asset may not be recoverable. Shortfaljs betwéen Ihe carrying value of fixed assèts and their recoverable amounts a reccsnised as impairm8nls. Impairment l)sses are recognisad in the Statement ol Financial Activibes. 1.7 Investment prop•rty Investment properties are mèasured al lair ¥ae at each repth.ng d8t& with changes in lair value rè¢ognised in'net gains I Ilossesl on inv&stmefiis' in the SOFA. 1.8 Fixed asset in¥•stm•nts InveslmÈnt5 are recognised inilialty at f8ir value which is rnalty the tr8nsa¢tion price excluding trans8¢1ion ¢osls. Subsequentty. they a rneasured at fair value changès ¥ecognised in 'nel gains I Ilosse51 on investments, in the SOFA rf the shares are publ traded or their lair value can othemsé bÈ measuTed reliably. 1.9 Cash and cash •quSvalont$ Cash at bank and in hanij InCldeS cash and short temi highty bquKI investments wilh a short rnatunty ol three months or less from th& date of opgning the deposit. 16-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Aceountlng pollcl•s {Contlnu•dl 1.10 Flnan¢io1 in•trument$ The charity has eted lo appty the proviSn$ of Section 11 '8asic Financial Instrumèn15' and Seclh)n 12 'Other Financial Instruments Issues of FRS 102 to all of its financial instruments. Financial instruments are recconised in the charivs balance sheet when Ihe charity becomes party to the contractual provisions ol the instrument. B•sle Iln•nel81 assets Basic financial assets. which includ• dèbtors and bank balances. are Initially rneasued al transa¢lion price including Iransactrtsn cost and afe subsèquentty carried al amortised cosi using the effective interest rnethos unless the arrangement consitilutes a financing transa¢tion. where th& transaction is measured al Ihe present value of th• future receipts discounl¢d at a markèt ral• of inle$1. Imylrm•nt ollln•ft¢l•l •¥sets Assèts not measured at fair value are revWe for any indicat Ihat Ihe assel may be impaired at èaeh balaTh sheet dale. 11 such indicalion exists, the recov61able arnounl of the asset, OT the asset's cash generaling unit. is estimaled and compared to he carrying amount. whe the ¢arrying amoLtnl axeeeds ils recoverable amount, an impairment loss is recognised in profil or k)ss unless thtr asset is carried at a revalued amounl where the impairnI kjss is a rèvaluatn ¢Jecrease. Basle Iln•nrl41 Il•bllltl•s Basic financial liabilities. indudin9 ¢redrtors art inibally recognisod èl transaction price unles5 the arran9emenl conslitules a finan¢ing transaction, whertr Ihe debt inslrumenl ts measured al Ihe present value ol the future re¢eipls discounld at a markot raltr of inleresl. Dèbt instrurnents are subsequenlly carrie(J at amor1ised cost. usin9 thè effective interest ratè melhod. Cre¢Jitors and provisions artr recognised Whe thè charity has a pfesent obligalion arising from a pasl evenl that will probably sU11 in Ihtr transfer of funds lo a third party and the amouni due to settle tha obligatn can be measured or ests'm8t?d reliabty. Creditors and provisions are recognised al their settlemanl amounl. Finan¢ial liabilitS arè d¢re¢o9nised whèn the charity's ¢ontractual obligation$ expire or are discharge(l or cancèll•d. 1.11 Taxatlon The charity is an exernpt eh8rty withrn the meanTng of schedule 3 of the Charities Act 2011 8nd is considered to pass the tests set out in Paragraph 1 schedu 6 Finance Act 2010 and thelOre it meets the definition ol a charitsble cornpany lor UK ctyporalion lax purposgs. 1.12 Employ•• b•nofit When employees havÈ ndered servke to the charity. short-tenn employee benefits to which thè employees 8re entitled a recognised al the undiscounted amount bxped to be paid in exchange lof that Sgrvice. 1.13 R•tlr•ment ben•fits The chanty opèrates a defined conln"buts'rm plan lor btnefit of tts employees. Contributions are expensed as they becoma payable. 17-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Crftl¢•l accountlng estSmates and judg•ments In the applicat of th8 charity's acruntirwj wlicies, thè trustees are required to make judgemtrnts, estimates and assumptions about the carrying amount of assèts and liabilities ihat are not readily apparent from other sources. The èstsmates And associated assumptions are based on historical experience and olher lactors that are considèrèd lo be relevant. Aclual results may differ from these esbmatas. The $$timales and undertying assymptKJns afe reviewed on an orKJoirwJ basis. Rwi$ions lo a¢counling èslirnales are recognised in Ihè period in which the ests.male is revised where the rèvision afftrcts only that P8riod. or in the period of the revision and future periods where the revision affècls both Gurrent and future periods. The sgnifICant jUdMentS induded in these finaral slatements mlate lo valuation ol investments and investment prowrties. Inv•8tmènt property valuatSons Investment property values are eslimaled bassd upon extemal speciallst assessments. also considering movomènls in market indices. Ai 31 Mar¢h 2024. they wefe ostimal•d tty be valued at £745,000. Total Total 2024 2023 Dornations Legaciès 1.245,738 77,621 1.146,919 141,476 7.323,360 1.288.394 The incom8 from donations and legaciès was £1.323.360 12023." E1.288.3941 of which £723.475 12023.. £635.7751 w05 unrestricted and £599.88S12023-. £652.6191 restriclad. Inv•stm•nl• Total Total 2024 2023 Income from listed inv8slm8nts Rental incomè Interest recèivabl¥ 46.996 33,620 11.587 39,145 38,460 5,366 92,203 82,971 The tncome from invèstments was £92.203 12023.. £82.9711 of vthich £92,203 {2023.. £82.9711 was unreslricled and £Nil12023'. £Nill restn"cted. 18-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Raislng funds Unr•strlet•d R•strl¢t•d lunds fvnds Tot•1 UnreStrt8d funds R061ricted funds Total 2024 2024 2024 2023 2023 2023 Portfolio management Direct ¢¢$ls Property r•pairs ond maintenan¢g Staff costs Support costs 9.720 49.972 9.720 49.972 10.355 54,611 10,355 54,611 2,045 60.078 69,380 2.045 60.078 69.380 4.212 57.734 56,443 4,212 57,734 56,443 191.195 191,195 183.355 183.355 Exp•ndltur• on ¢harltabl• actlvlt Mlnlstry 2024 Mlnlstry 2023 Dir•ct costs Stsff costs Other ¢o$l$ 571,716 100.907 537,131 92,215 672.823 629,346 Granl funding ol activities Isee notè 7> 97,646 117,341 Shar• of •upport and gov•rn•n¢• costs (••• not• 8 Support Governance 693.499 40,200 602,724 45,571 1.503.968 1,394,982 Analy51s by fund Unrestricted funds Reslricled funds 834,069 669.899 619.726 775,256 1.503,966 1,394,982 19-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Grants payable MlnSstry 2024 MlnSstry 2023 Grants to institutions.. HaG8l•n Publishing. Israel 49,970 75.000 Grants lo indivHlvals 47.676 42.341 97,648 117.341 Support cmls allocat•d to xtfvltkn• 2024 2023 Staff ¢o$ts Staff costs support Prernises and Inlrostru¢tUTe Le9al and profeSsn31 Consuttancy Olher Govemance co$t$ 340,440 23.896 78.985 29.618 125.634 157,430 47,276 319,84S 16.845 59,074 31,211 127,645 104,547 45,571 803,079 704,738 Analysed b•1n.. Fundraising Charitobltr activities 69.380 733.699 56,443 648,295 803,079 704,738 Included in govern8n¢e cosls abo is £10,200 in la1 to audrt l•ès12023.' £9.71JOI. Trut•e$ The trustees neither rgceived nor waiv8d any Muneral)n during the ar{2023.. £Nill. Thè total amount of employè& benefits lincluding empbyer pension contributlgns) received by key managerngnt personnel for thèir rvices lo the charty was £239.64912023'. £232.0841.
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Employ••s The av8ragè monthly number of empb)yts$ during the year was: 2024 Numb•r 2023 Numb•r Ministry Support and administration 11 10 Tolal 16 15 Employm¢nt Costs 2024 2023 Wages and salaries Social sècurity costs Other pensKsn costs 890.677 58,263 53,332 829.752 57.458 53,805 1,002,272 941,015 The number ol empk)YS whose annual r8mun•r8ticrf) wa$ more Ihan £60,000 is as follows.. 2024 Numb•r 2023 Numb•r £70,W1 10 £80.000 £80.001 10 £90,000 11 T4x•tlon The chafily is ex8mpt from tsxabon on its adiwtres because all its Incom is applied charitabl¥ purpo$e$. -21
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2024 12 Tanglble fixed a••ts Fhold l•nd •nd bulbdlr45 L•as•hokl Flxturm lllnd and bulw Total Cost Al 1 April 2023 Additions Disposals 360,395 33.486 63,479 2,728 14441 457.360 2.728 14441 Al 31 March 2024 360,395 33.486 85,763 459.644 D•pr•¢latlon and Impalrniènt At 1 April 2023 Depreciabon charged in the year Eliminated in rosp•ct of disposals 15.605 33.486 54,979 2,778 12671 104,070 2,778 12671 Al 31 March 2024 15.605 33,486 57,490 106,581 Carrylng amount Al 31 Mar¢h 2024 344.79) 8.273 353,063 At 31 March 2023 344.751 8,500 353,290 The carryirKJ valu& of18nd included in land and buiklltvJ$ wnprises.. 2024 2023 Freehold 344.790 344,790 13 Inv•stm•nt proyrty 2024 Falr valu• At 1 April 2023 and 31 March 2024 745,000 Investment properties consists of 40 properties. They w¢re valued by the trustees in 2024 based on assessment prev)u$ty rforrned by extemal specialist$. -22-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 14 Fixtsd ass•t Inv•stments Listgd invgstmgnts Co$t or v#lu*tlon At 1 April 2023 Additions Valuation thanges Cash movornenl Disposals 1,439.226 211.292 77.380 18.9611 1213.3811 Al 31 March 2024 1,505,556 Carrylng amount Al 31 March 2024 1,505,556 At 31 Mar¢h 2023 1,439.226 The 18ir value ol11sted investments Is deternined by rnI8rer to lh¢ quoled price for identical 8ss&ts in an active market al the balanc8 sh8et dat8. -23-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 1S Ogblors 2024 2023 Other debttsrs Long lerni loans Prepayments and accrued incomè 1,655 155,525 11.964 10,150 167,433 15.694 169,144 193.277 Loans mode io individuals are lor the benefit of t charity, sewring key p8wnn•l lo •nablo thé charlty to carry oul its ¢hafit8ble actiwtl and arn due aft8f mor• than year. 16 Cr•dltor'. amounts falllng wlthln on• y••r 2024 2023 Trade creditor5 Other Creditors Accrvals an¢J tJtrfrr¥d In¢ome 11.932 11.368 20.171 20.202 11,890 14,730 43,471 46,822 17 R•tlr•m•nt b•n•fit •ch•m•• 2024 2023 D•fitMd ¢ontrlbutlon •¢h•m Charge lo profit or h)ss in r•y¢t ol defined contn'tyJtMm scheme$ 53.332 53,805 The charity operal•s a dèfined tonkn'bution pension scheme for all quali.9 employee5. The assels of the scheme arè held separaièly from those of the charity in an 1ndendentIY administered lund. -24-
Ui tii rri Lr> LTJ 0> 47
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unr•strlcted funds Thè unrestrictéd lunds of Ihè charity comprise th8 unexpen(led b8nCeS of donations and grants which ar8 not subject to specific eortdrtions by donors and grantors as lo how they may be used. These include deSnated fund5 which have been set aside OLSI ol unrestricted funds by Ihe lrnsiees for specific purposes. At 1 April 2023 Incorning R050urce$ exnded Tr•n•lgr• Gains and Al 31 March losses 2024 Gengral lund$ 1,689.220 815.678 (1.025,2641 92.112 77,380 1,649,126 Pr•vlous y••r= At 1 Aprll 2022 Incomlng r•sourc• R•sourc• •xp•nd•d Transf•r• G•lns and At 31 March los••• 2023 General funds 1,398,243 718,746 IB03,0811 454,987 {79.6751 1.689.220 20 D•slgnat•d funds These ar• designated funds which are material lo the chariVs activit5 made up as Idlows.. B•l•n¢• 1 Awll 2022 8lbK• 1 Aprtl 2013 Trn#f•rn 31 M•rch ZQ24 Reslrucluring Reserve bjnd Missionary Home Loan fund Property fund 350.C() 2.0clI 1.520.129 11SO.000} 200,000 200,000 1430.3391 1.089,790 11SO,0001 50,000 200,000 1,089,790 2.070,129 1580,3391 1,489.790 1150,0001 1.339,790 21 Anatysls of Mt a¥s•ts b•tw••n fund• Unr¢$tricted D•#ign#t•d funds fvnds R••trict•d funds T+)tal 2024 2024 2024 2024 At 31 Mareh 2024: Tanoible assets Inveslmenl properties Investments Current a55elsllli8bililie$l 8.273 344,790 745.000 353,063 745,000 1,505,556 610.593 1.505,556 135.297 250,000 225,296 1.649,126 1,339,790 225,296 3,214,212
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 21 Anal1$ of net assets beew••n funds IContlnu•dl Unre$trtct•d Dèslgnatèd funds funds R•strlet•d funds Total 2023 2023 2023 2023 At 31 March 2023: Tangible assets Investment propertitrs Inv&stmonls Current asselsllliabililiesl 344,790 745.000 353,290 745.000 1.439,226 878,916 1,439,226 241.494 400.CN)O 237,422 1.689.220 1.489.790 237.422 3.416.432 22 Operating l•as8 commitments L•ss•• Al thè roporting ond dal& Ihfr ¢harity'$ lulur• minimum l•¥se p•ym&nl$ und¢r rbon4gn¢ellable tspor8ling l&as*s was.. 2024 2023 Wilhin one year Betr9 tsvts and fNe years 42,285 52,312 41,205 92,361 94,597 133,586 23 R•latod p•rty trans•¢tlon• No member of the Council of Managernenl received any rernuneratn during the year12023'. £nill. The charity receNed £nil12023'. £nil} in unr6stn.cted donalnS from Counal Membets an¢J £nil 12023.. £nill In restricted donations. £100,00012023.. £100,000) wthin brwJ tenn debtor5 is owed to the tharity by Joseph Steinberg. a member ol k¢y management personnel. The lJan 15 5e¢ured againsl property. and marf(el rate interest 15 being charged. Reimbursed expenses of £50712023.. £1.0251 were paid to Council Members. 24 M•mb•rs llablllt% Each member of the charitable company vndertakes to corrtribute lo Ihe assets of the company in the event of il being wound up while helshe is a member. or 1h1n one year after helshe ceases lo be a membei, such amount as may be required. not exceeding £1 for thè debts and Iiabilibeg contractèd befor¢ h•lsha cea$ to be a member. -27-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 25 Cash g•n•ratèd fr¢m op•ratlons 2024 2023 Deficit lor thè y¢ar 1202,2201 1286,6471 Adjustments lor.. Investment income rPrgniSed in statement of financial activiiws Loss on disposal of tangible fixed assets (Gain)0$$ on investments Depreciation and impairmenl ol tangible fixed awls 192,2031 177 177,3801 2,778 182.9711 79,67S 2.859 Movements in workiw CaPrt.. De¢r8asellincreasel in debtors IDecr•aseVincrease in Gr$drtors 12,225 13,3511 116.8341 10.179 Cash ab8orb•d by op•ratlons 1359,9741 1293.7391 26 Prlor p•rlod adlu¥tsn•nt Comparalives in Note 18 Restricted Funds have 8m¢nded to •dju$t lh all110n ol gmunts bal• funds. The effect ol Ihis is to change the split be¢ween re5tncted and unrestrKted lund5 8$ st)own in th• tab18 below. This amendment has effect on n¢t assets at 31 March 2023. Ch•ng•s to th• balan¢• $h••t At 31 March 2023 A• prnvlousty Adlustrnont r•port•d Al r•it•t•d Income funds Restricted funds Designated lunds Unr•strict•d fLbnds 344,523 1.489.790 1.582.119 1107,1011 237.422 1.489.790 1,689,220 107.101 Totsl •qulty 3.416.432 3.416.432 -28-