Charity reglstratlon number 271323 (England and Wales) Company registratlon number 01254746 INTERNATIONAL MISSION TO JEWISH PEOPLE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
INTERNATIONAL MISSION TO JEWISH PEOPLE LEGAL AND ADMINISTRATIVE INFORMATION Trustees R8v B Midgley Ms M Huey Ms R Mather80n Mr R Haffenden Dr T Rucinski Rev J Watterson Rev P Williams Charlty number (England and Wal851 271323 Charity number Iseotland) SC041720 Company number 01254746 Registered office 1 Oasis Park stanton Harcourt Road Eynsham Oxfordshire OX29 4TP Auditor Gravita Audit Oxford LLP First Flcx)r, Park Central 40-41 Park End Street Oxford OX1 1JD Bankers HS8C 184 High Street 8romley Kent BR1 1HL Sollcltor5 Wellers 65 Leadenhall Street London EC3A 2AD Investsnent advlsors Brgwin Dolphin Securib'es Ltd 5 Giltspur Street London EC1A9BD Insurance brokers WRS Limited Cadman House, off Peartree Road Slanway, Colchesler C03 ONW
INTERNATIONAL MISSION TO JEWISH PEOPLE CONTENTS Page Trustees. report Statement of tnjstees, responsibilities Indepevdent auditorfs report statement of fin8ncial activities 10-11 Balan sheet 12 Statern8nt of cash fl$ 13 Notes lo the financial st8temonts 14-28
INTERNATIONAL MISSION TO JEWISH PEOPLE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial statements lor the year ended 31 M8reh 2025. The financial stal8rnents have been prepared in accordanTr wth the accounting pO1cleS set out in note 1 to the financial slat8tnenls and comply with the charitys goveming document, the Cornpani8s Act 2006, the Charities and Trustee Inveslrnenl (Scotlandl Act 2005, Ihe Charities Accounts (Scotlandl Regulations 2006 las amended) and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rewrtsng Stand8rd applicab18 in the UK and Republic of Ire18nd IFRS 1021" leffective 1 January 20191. OblectSves and aetlvltSes Public benefit The main objective of the Charlty as outlined in the governing document is the advaneement of the Christian falth. principally to Jewish people. In order lo further its objectives. the Charity has promoted the Gospel of Jesus Christ and has prowded the support for Jewish Christian5. Its employees have corresponded with enquirers,. alleviat8d hardship,. conducted Bible studies,. engaged In research,. written, published and distributed Christian literalur8.' and have prornoted the caus8 of Jevmsh evangelism through preaching and t8aching. These policies have be8n consistently 8pplied throughout the ye8r under review wth no thanges being irnplemenled since the previous report. In selecb'ng these pollcies, the trustees have considered the Charity Commission's general guidance on public benefil. Th8 Charity has provided public benefit by adhering to its objectives and carrwng out the activities io in their report. The advanment of the Christian religion by making the Christian message known and in particular to Jewish p80ple as widely as possible, both in th8 UK and overseas, brings spiritual. moral and practical benefits. Gr8nt making policy Grants are m8de to organis8tions which support the aims ol the Charity, in particular, grants are made to HaG818n to support publishing of evangelistic material in Israel and to Jews for Jesus to fund individuals and missionary activity outside ol the UK. In addition. the Charlly has agr8ed to make grant5 over a number of years to International Mlssion to Jewish People USA, to fund the initial setup costs 8nd fundraising campaigns that will benefit the Wer work of the Charity and Jewish rnission worfdwide.
INTERNATIONAL MISSION TO JEWISH PEOPLE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achl•vements and p8rfom)ance Significant aclivities and aChVeMentS 8g8inSt objectives The Charity has continued to lulfil lis object of the advancement of the Christian faith prinapalty among Jewish people through direct evangelistic projects and endQav(rS, and by 8ncouraging churches to share the Good News of Jesus wth Jewish people and support the work ol the Charity. Evangelism was conducted by encouraging and supporting rnissionaries in the Unrted Kingdom, Israel, United states of America, Netherlands, France, Hungary, Australia, 8razil and G8many. Staff, Council and associale workers represented the Charily at churches and Christian 8v6nts. In the Cities & 4 Cthes in the Surnrner Global Oulrea¢h8S'. The mission has developed a rnore flexible outreach strategy to publlely reengage with ihe citi85 where they are active by having the missionaries run Cal outreaches using volunteefs. For the sutnmer month8. we added th8 4 Cities outreach to also engage Wlth our international volunteers. Our outr8aches included th8 following citl8s'. London, Paris, Amsterdam, Antwerp, Budap8St, Boston, Rio de Janeiro, Sydney & Melbourne. The total programm8 ran through the year and enabled the rnission to cover our c8ntres of ministry. These outreaches helped us to build up better evangelistic engagement through local thurches, gave the mlssionari8s more l(Kal volunteers to work with and grew their rnis5ionary caseloads. The mission conducted deputation missionary tours in the UK in Scotland, England. Wales and Ireland with a big increase in arranged ¢hLJrth rneetings and a positive growth on the database for increased communication about the rnission's activities. We also held deputation meetings in the USA, Europe, Hong Kong, S(yJth Korea and ihe R8public of Ireland. ong wth all thes8 new initiatives has come the hard work of better utilising the datsbase by making sure it is up to date. and by correcting old church data and addlg those new churches that the mission is seeking to engage with. The bett8r ulilisalion of the dats of individuals orealed belter communications to the supporter5 of the mission with specific needs and interests. W8 are encouraged by how far we have come in such a short Ome under so much pressure. We ihank God for his help and wisdom and trkjst him lor our futUTe se1 to his cause. Missionary staff training Continuous training took place for all office staff and rnis5narles throughout the financial year. Promotion Staff r8pr8sented the Charity at Christian events In the UK, the United Stales, the Far East. Europe, Israel and in China by eCtronIC media. Fundraising perfom78nce Intern81ional Mission to Jewish People used a number of different publications to inform supp(wters of the on-going misslon work ol the Charity. the results froln activities that they support and the insight into Jewish sensitivities and ultuie. These publications included 'The Herald,, individual prayer letters and appeals, and weekly digital ¢0munIcatIOns. Thes8 continue to build partnerships with 5klPPOrters, bringing in both prayer and financlal support foT the continuing work of the Charity. We are so gr8t8ful to all our loyal supporters and partners for their continued generosity, support and engagement in our mission work and lor their interest and concgm for our MissionarS. International Mission io Jewish People is registered with the Fundraising Regulator and we abide by their Fundraising Code of Practice, which includes rules lo protect PTivacy and data as well 85 guidelines to prolect vulnerable people. Fundraising work undertaken by others is manag8d and monitor8d by boih our CEO and our Director of Finance and Operations. Fundraising oomplaints received by the Charty are recorded by our donor care officers and reported lo management. We aim to respond to any complaints within 48 hours. The Charity received no forrnal fundraising g)mplaints during the year. Trustees engage with fundraising best practic8 alld receive regular quarterly reports.
INTERNATIONAL MISSION TO JEWISH PEOPLE TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew The Charity has seen an overall increase in income in the year under review. The tnain source of funding for the Chaiity continues to be donations received from supporters. A number of specific appeals and projects were run during the ye8r and these were successful. The Charity is grateful for the giving ol its supporters and also for thtsse who remember the Charity in their wills. The deficit for the year before investtnent gains wa5 £240,79812024.. deficit of £279,600). The overall deficit was £216,64612024.. deficit of £202,220) after investment gains of £24,15212024.' £77,380). Res6frves policy The Charty had total funds of £2.997,566 at the end of the year12024.. £3,214,212). £139,565 of these funds were restricted and a further £1,570,600 were designated by the trustees for specthc purposes. The m05t significant being a Property Fund of £1,089,790 which repsents the Charity's investment in property required lo enable the Charity and Its overseas undertakings io carry out their acbvities. The remaining unrestricted fund5 were £1.287,401 at the year end. The Charity's reseNes policy is to maintain available reserves equivalent to four months operating cosis together with the expemses which would be incurred if the charity were to cease it5 activities. Together these are estimated to be £650,000. However. in addition to this, to ensure operational sustainability for future periods the Charity projects its operating cashflow needs to ensur8 It has sufficient cash reserves to Sustain itself lor al least the next years. Given that the Charity is completely reliant on donations, legacy and trust income which is not guaranteed, and based on budgeted costs of approximately £2.2 rnillion per year lor each of the next financial years, the Charity believes it is prudent to allocate the remaining reserves of £637,401 towards these operational cashflow n&8ds. As such the Charity is not holding eXsS reserv&s as all remaining unrestricted funds will go towards ensuring the Charity rem8ins sustainable and is in a position to grow. Stru¢ture. 9overnance and management The Charity is a cornpany limited by guarantee, governed by it5 Memorandum Articles of Ass18t10n. Member5 ol the Council are appointed by rnembers of the company at the Annual Genefal Meeting. At each Annual General Meeting one Ihifd ol the members of the Council retire from office but are eligible for re-election. New Council Members are fomially indu¢l8d when appointed. Council members and staff re1ve various and different training and support during the year from Global cOnnectns, Civil Society and other trdining and support structures. The Charily is man8g8d by CEO and senior management lo tneet the policies. goaLs and directlon as sel by the Council of Management. The salaries of the Charity staff are r8vlewed annually. The trustees, who are also the directors for the purpose of company law, 8nd who served during the year and up to the date of signature of the financial statements were.. Rev B Midgley Ms M Huey Ms R Matherson Mr R Haffenden Dr T Rucinski Rev J Watterson Rev P William5 R18k assessment and managem•nt The Council maintain5 a risk register which is reviewed to highlight significant threats to the work of the Charrty and action is taken to m8nag8 the risks identified. Auditor In accordance with the company's articlès. a resolution proposlng that Gravita Audit Oxford LLP be reappointed Bs auditor of the company will be pul at a General Meeting.
INTERNATIONAL MISSION TO JEWISH PEOPLE TRUSTEES. REPORT IINCLUDING DIRECTORS. REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Disclosure of infomiation to auditor Eath ol Ihe Iruslees has tonlirmed Ihal there Is no Information of which they are aware which is relevani to the 3udil. bul ol which the aLJdilor Is urn3wa. They have further tonlirmed 11)al they have taken appropriate steps 10 i(Senlify such relevant Informaln and lo esiablish th81 the auditor 15 awaFe trf such Information. The Irusiees, re ortw loved by the 8oard ol Trustee5. Rev B Mid Trustee Mr R Haffenden Trustee Dale
INTERNATIONAL MISSION TO JEWISH PEOPLE STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the dlrectors of International Mission to Jewish Peop18 ft)r the purpDS8 of company law, arè Tesponsible for pr8paring the Tru5tees' Report and the fin8ncial statements in accordance wlth applicab18 law and United Kingdom Accounting Standards (United Kingdorn Generally ACpted Accounting Practice). Company law requires the trustees to prepare financial statements for each flnancial year which give a true and fair view of the state of affairs of the charity and of th8 incoming resourc8s and application of resources. including the in¢om8 8nd expenditure, of the charitable company for that year. In preparlng these financial statemenis, the trustees are required to.. select suitable 8ccounting policies and then apply them con515tently', obserye the methods and principlgs in the Charities SORP,, make judgements and estimate5 that are reasonable and prudent. state vjhether applicable UK Accounting Standards have been followed, subject to any maleriol departures disclosed and explained in the financial slaternenis,, and prepare the finanLxal statements on the going concern b8Si5 unless it is inappropriate to presume that the ch8rty will continue in op8ration. The trus18e8 are responsible for k88ping adequate accounting records that disclose with reasonable 8ceuracy at any time the financial position of the charity and enable them to ensure that the financial slaternents comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence lor tsking reasonable steps for the prevention and detection of fraud and other irregularities.
INTERNATIONAL MISSION TO JEWISH PEOPLE INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF INTERNATIONAL MISSION TO JEWISH PEOPLE Opinion We have audited the finanaal statements ol International Misslon to Jewish People (the 'charity'l for the year ended 31 March 2025 which comprise the statement of financial activities, the balance sheet. the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their pparatIOn is appllcable law and United Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The Fin8ncial Reporting St8nd3rd applicabl8 in the UK Republic of Ireland (United Kingdom Generally Accepted Accounting Pra¢b.l. In our opinion, the financial statements.. give a true and fair view of the state of the charitable company's aff8irs as al 31 March 2025 and of its incoming re50urees and application of resources, Induding its income and expenditure, lor the year then ended., have been properly prepared in accordance with United Klngdom Generally Accepted A¢(x)unting Practice.. and have been prepared in accordance with the Tequirement5 of the CompaniesAct 2006. Basis for opinion We conducted our audit in accordance with Intemational Stand8rd5 on Auditing IUKI IISAS IUKII and applicable law. Our responsibililies under those slandards are further d85cribed in the Auditorfs SponSh111t{es for the audit of the fjnancial slat8JThn15 Section of our report. We are independent of the charity in accordance with the ethical requirements that are revant to our audit of the finanal statements in the UK, including the FRC'S Ethical Standard, and w8 have fulfilled our other eihical responsibilities in accordance with these requirement5. We believe that the audit evidence we have obtained is suffici8nt and appropriate lo provsde a ba515 for our opinion. Conclusions relating to going eoncern In auditing the financial statements, we have conclksded that the trustees, use of th8 going concem basis ol accounting in the preparation of the finanual stat8fflent5 is appropriale. Based on the work we have performed, we have not identified any malerial uncertainties relating to events or condiiions that. individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a p8ri0d of at least twelv8 mnths from wh8n the financial stat8m8nts a authorised for issue. Our responsibilities and the responslbilities of the twstees with r8sped to going concern are described in the relevant Sections ol this report. Other informatlon The other inforrnation comprises thè information included in the annual report other than the financial ststements and our audltor's port thereon. The trustees are Tesponsible for the other infoTm8tion contained within tre annual report. Our tspinion on ihe finanual statements does not cover the other inforrnation and. exc8pI to the extent otherwise explicitly stated in our report, w8 do not expres5 any form of 85surance con¢lu5ion Ihereon. Oui responsibility is to read the other information and. in doing so, consider whether the other inforrnalion is materially inconsistent with the financial statement5 or our knowledge obtained in Ihe course ol the audit. or otherwise appears to be materially misstated. 11 we identify such material inconsistencies or apparent material rni55talements, we a required to deterTnlne whether this gives rise to a material misstatement in the financi81 statements themselves. If. based on the work we have perforrned, we conclude that there is 8 material misstatement ol this othor inlom)ation, we are required lo report 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 other matters prèscribed by the Companies Act 2006 In our opinion, based on the work undertaken in th8 COUf5e ol our audit.. the inforrnatn given in Ihe trustees, report for the financial year for which the financial stotements are prepared, which includes the directors. repc#1 prepared for the purp058s of company law, 1$ consistent with the rinancial statements." and the directors, report included wthin the trustees. report has been prepar8d in accordance wth applicable legal requirements. Matters on whlch we are requlred to report by exceptlon In the light of the knowledge and kjnderstanding of th8 charity and ils environment obtained in the course of th9 audit, we have not identified rnaterkal misslalements in the directors, report included wthin the trustees, report. W8 have nothing to r8port in respect of ihe following rnatters in relation to which the Comp8nles Act 2006 requ1$ us to report to you if, in our opinion= adequate accounting records have not been kept, or tumS adequate for our audit have not been received from branches not visited by us., or 8 fin8nual statements are not in agreement with th8 accounting records and returns.. or certain disdosures of truslee5' r8muneration specified by law are not made., or we have not received all the Information and explanations we require for our avdit.. or the trustees were nol entiued to prepare the finanaal statements in accordance with the small companies regitne and take advantage of the small comp8nies' exemptions in prep8rlng the truste8s' r8POrt and from th8 requirement to prepare 8 strategic pOrt. Re5ponslbilities of trustees As explained more lully in the statement ol trustees. responsibilities. the Irustees, who are a150 the directors of the harity lor the purpose of cornpany law, are spOnSible for the preparation of the financial statements and for being satisfied that they give a true and lair view. and for Such internal wntrol as the trustees determine is nec8ssary to enable the preparauon of financial stateTnents that are free from material mis31aternent, whether due to fraud or err. In preparIg the financial siatemenis, the trustees are responsible for 8ssessing the charity's ability to continue as a going concern, disclosing, as applicable, rnatters related to going concern and using the going concern basis of accounting unle55 the trustees 81ther intend to liquidate the charitable company or to cgase operations, or have no realistic 8llernative but to do so. Audltor's responsibilitie5 for the audit of the financlal statements Our objectiV85 are to obtain reasonable assurance about whether the financial statements as a whole are free from material tlli5Statement. whether due to fraud or error, and to issue an 8uditoi's report th8t includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit condLJCted in acrdanCe with ISAS IUKI will alway5 detect a material mi55tatement when il 8XiSts. Misstatements can arise from fraud or error and are considered tnalerial if, individkjally or in the aggreg8te, they could re850nably be expected to Influence the econornic decisions of users taken on the basis of these financlal statements. The extent to which our predureS are eapable of detecting irregulariiies, including fraud, is delailed below.
INTERNATIONAL MISSION TO JEWISH PEOPLE INDEPENDENT AUDITOR'S REPORT (CONTINUED TO THE MEMBERS AND TRUSTEES OF INTERNATIONAL MISSION TO JEWISH PEOPLE Our appmach to identifwng and Bssessing lh8 risks ol material rnisstat8ment in respect of irregularities, induding fr8ud and non-complianc8 With laws and regulations, was as follows.. the engagement partner ensured that the engagement team collecliv8ly had the appropriate competence, Capabilities and skills to identify or recognise non-complian with applicable laws and r8gulations,' we identified the laws and regulations applicable to the company through discussions with directors and other management. and from our knowledge and experience; we focused on specific lawg and regulations whlch we consiilgr8d may have a direct material effecl on the financial siaternents or the operations of the company. we assessed the extent ol Compliance with the laws and regulations identified above through making enqulries ol management and inspecting legal correspy)ndence where applicable., and identified 18ws and regulations were communicated within the audit tearn r8gulady and Ihe tearn remained alert to In5t8nces of non-cornpli8nce throughout the audit. We a5se5sed the susceptibility of the company's finandal statements lo material misstat8ment. including obtaining an understanding of how fraud might 0r, by.. making enquiries of m8nagement as to where they considered Iheie was susc8ptibilily to fraud, their knowledge of actU81, suspected and alleged fraud., considering the intemal controls in place to mitigate risks of fraud and non-eompliance with laws and regulatiolls., and To address the risk of fraud through management bias and override of (x)ntrols, we.. performed analytical procedur8S to identify any unusu81 or unexpected relationships., tested journal entrie5 to identify unusual transactions., as8essed whether judgements 8nd assumptions made in determining the accounting 85timotes were indicative of potential bias., and investigated the ratlOF181e behlnd significant or unugual tran5a¢tions. In response to the risk of irregularities and non-compliance with laws and Tegulatlons, we designed procedures which included, but were not limited to.. agreeing financial 5talement disclosures to undedw'ng supporting documentstion., reading the minutes of meelings of those charged Mth governan., enquiring of managernent as to actual and potential litigation and clalms., reviewing relevant correspondence. There 8r8 inherent limitabons in our audit procedur&5 described above. The more removed that laws and regulations are from financial transactions. the less likely it is that we would become aware of n0n-cornp1ian. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other managernent and the inspection of regulatory and 18gal correspondenc8, if any. Materi81 misstatements Ihat arise due to fraud can be harder to detect than those thal arise frorn error as they may involve deliberate conc8alment or collusion. A further description of our responsibilities is èvailable on the Flnancial Reporting CoLsncil's websit8 at.. httpsjl www.frc.org.ukl8uditorsresponsibilitie8. This descriptson forms part of our auditor'5 report.
INTERNATIONAL MISSION TO JEWISH PEOPLE INDEPENDENT AUDITOR'S REPORT (CONTINUED> TO THE MEMBERS AND TRUSTEES OF INTERNATIONAL MISSION TO JEWISH PEOPLE Use ol our report This report is made solely to th8 charitable company's mernbers, a5 a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertak8n 50 that we might state to the charitable company s members those matters we are required to state lo th8rn in an auditor's report and lor no other purpose. To the fullest extent pemiitted by law, we do not a¢pt or assume SponSIbl<Y to anyone other than the charitable cornpany and the charitable companys Tnembers as a body, lor our audit work, for this report, or lor the opinions we have formed. Gary Pready IS or Statutory Audltorl For and on behalf of Gravit8 Audit Oxford LLP, Statutr)ry Auditor Chartered Accountants First Floor, Park Central 40-41 Park End Street Oxford OX1 1JD Dale..
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INTERNATIONAL MISSION TO JEWISH PEOPLE BALANCE SHEET ASAf 31 MARCH 2025 2025 2024 Notes Fixed a¥sots Tangible assets Investment properties Investments 353.492 745,000 1.517.267 353.063 745 000 1,505.556 13 14 2 615,759 2,603.619 Current a55ets DÈblOFS Cash 81 bank and in hand 15 167.209 399.438 169.144 484 920 566.647 654.064 Credltors-. amounts falllny due wlthln one year 16 11848401 143.4711 Nel current asseis 381.807 610 $93 Total asset5 Itss cutrent Ilabilltles 2,7.566 3,214.212 Income lunds Restricd funds Deswnaled fund5 Unre$lricied funds 139,565 1.570.600 1.287.401 225.296 1.339.790 1 649 128 20 2,997.566 3.214212 The financial 51a were approved by the Tlustees on Rev Trust8t Mi R HaffendÈn Trustee Company Tegislralion nrnber 01254746
INTERNATIONAL MISSION TO JEWISH PEOPLE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operatlng actlvltles Cash 8bsorb8d by operations 25 1198,0811 1359,9741 Investing aetlvltles Purchase of tangible fixed asset5 Proceeds from sale of Investments Movement ol investment loans and receivables Purchase of other investment5 Cash movement in inv8Stments Investment income received 13,6331 125,232 12,7281 213,381 1,908 190.6201 122,1711 101.883 11,908 1211,2921 8,961 92,203 Net cash generated from Investlng actlvltles 112,599 112,433 Net cash us?d In financlng activitlès Net dre&s* In cash and cash equlvalent5 185,4821 1247,5411 Cash and cash equivalents at beginnin9 of yaar 484,920 732,461 Cash and cash equivalents at end of y•ar 399,438 484.920 13
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng policles Charlty Informatlon International Mis510n to Jewish People is a private company lirnited by guarantee incorporated in England and Wales. The registered office is 1 Oasls Park. St8Tlton Harcourt Road, Eynsham, Oxfordshire. OX29 4TP. 1.1 Accounting convention The financial statements have been prepared in accordance wlth tre charity's governing document. the Companies Act 2006, the Charities and Trustee Investment Iscotlandl Act 2005, the Charities Accounts (Scotlandl Regulations 2006 la5 amended), FRS 102 "The Flnanaal Reporting Standard applicable in the UK and Republic of Ireland" I"FRS 102.1 and the Charities SORP 'Accounting and Reporting by Charities.. Statement of Recotnmended Practice applicable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. (effective l January 20191. The charity is a Public B8n8fit Entity as defined by FRS 102. The financial ststements ar8 prepared in 5t8ding, which is the functional currency of the charity. Monetary amount5 in these financial statements are rounded to the ne8rest £. The financial stat8tnents are pr8pared on a going COnM basi5 under the historical cost convention, modified tts include certain items at fair value. The financlal stalemenls are prepared in steding which is the functional currency of the charity. 1.2 Going coneem At the time of approving the finandal statements, the trustees have a reasonable expectation that ihe chatY has adequ8te resources lo continue in operational existence for the for8seeable futur8. Thus the trustees ntinue to adopt the goirEg concern bas15 ol accounting in preparing the financial ststernents. 1.3 Charitable funds Unrestricted funds are available for use at Ihe discretion of the trustees in furtherance of the gener81 objectives of the charity and which have nol been designated f(x other purposes. D85ignated funds comprise unrestricted funds that have been set a$e by the trustees for parbcular purposes. The aim and use of 88ch designated fund Is sel out in the notes lo the financial statements. Restricted funds ar8 funds whith are to be used in accordance with specific restrictlons irnposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering SLJ¢h funds are ch8rged against lh8 specific fund. Th8 aim and use of each restricted fund is set out in the notes to the financial staternenls. 14-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Icontlnu8dl 1.4 In¢orn8 All incoming r85Our$ are included in the Stal8rnent of FinanrAal Actimties ISOFAI when th8 charity is legally entitled to the income. after any perfomianc8 conditions have been mel. The amount can be measurèd reliably and it IS PTobable that the incorne will be received. Donation For donations to be recogni5ed the donaty'on will have been received or the charity will have been notifi8d tsf the 3mounts and the settlement date in writing. Lggacles For legacies, entitlernent is the earli8r of the charity beirvJ notified of an impending distribution or the legacy being receiv8d. At this point in¢ome 15 reCnised. On occasion leg8eles will be notified to the charity however it is not Possible to measure the amount expec18d to be distributed. On these occasions, the legacy is treated as 8 contlngenl asset and disdosed. Investment Incorne Investment income is earned through holding assets for investment purposes such as shares and propety. It includes ijividends, interest and rent. Where It is not practicable io identify iTTrvestment management costs incurred within a scheme with reasonable accuracy the investment inc0rn8 15 reported n8t DI Ihese c05t5. 11 is included when the arnount can be m88sured reliably. Int8rest income is recognised using the effective interest Tn8thod and dividend and rent income is recognised as the eharity'5 rlghl lo receive payment is established. Other Income Other income includes gains on disposals of tangible fixed a588ts. 1.5 Expendlturg All expenditure is accounted for on an accruals basis and has been classified under h83dings that aggregate all costs related to tfve category. ExpenditLJre is recognised where there is a legal or constructive obligation to make payments lo third parties, it is probable that the settlement will be required and the amount ol the obligation can be measured reliably. It is categorised under he following headings." Cost of raising funds This includes all expenditure Incurred by th8 tharity to rai58 funds for its charitable purposes and includes sts of all fundrai5in9 activities events and non-charitsble trading. Expenditure on charltable activitie5 These are costs incurred on the charitable activities, including support costs and costs relating to the governance of the charity apports.oned lo charitable activities. Irrecoverable VAT Is charged 8$ 8n expense against the activity for which expenditure arose. Grants payable to third parties are witrin the eharitable objectives. Where unConditnal grants are offered, this is accrued a5 soon as the recipient is notified of the grant, as this gives rise to 8 reasonable expectation that the recipient will receive the grants. Where grants are condits'onal relating to perfomance th8n the grant is only accrued when any unfulfilled conditions are OLJtside of the contrd of the charity.
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR TME YEAR ENDED 31 MARCH 2025 Accounting pollci (Continued) Support costs alloeatlon Support costs are those thal a5SlSt the work of the charity but do not directly rgpr8sent charitable activities and include oifice costs. gov8rnance costs, adminlslrative payroll costs. They are incurred directly in supp(xt of expenditure on the object5 of the charity and include project managern8nt earried out at Headquarters. Where support costs cannot be directly attributed to particular headings they have been alltscaled to cost of ralsing funds and expenditure on charitable activities on a basis conslstent with use of the Tesources. Fund-raising costs are Ihos8 incurred in seeking voluntary contributions and do not include the cosis of disseminating inlomation in support of the chamlable activities. The analysis of thes8 costs is included in note 8. 1.6 Tangiblè flxed assets Assets costing £1,000 or more are capitalised a5 ian9ible fixed assets and are carried al cost, net of depreciation and any provision for impairrnent. Cost includes cost5 directly attributable lo rnaking the ass8t capable of operating as Iritended. Grants payable to third parties are within the charitable objectives. Wfvere unconditional granis ar8 offered, this is accrued as Soon a5 the CipIent is notified ol the granl, as this gives rise lo a reasonable expectation that the recipient will r81Ve the gr8nt5. Where grants are condition81 relating to perforrnanc8 then the grant is onty accrued when any unfulfilled Conditions are outside of the control of the charity. It is th8 charitrfs policy to maintain its properties in a state of good repair. In the case of domestic and office properties it is considered that the residual values and liv85 ol the propertie5 are such that 8ny depreciation charge would not be significant. Therefore, no depreciation is provided. Depreciation is reThJgnised so as to write off the cost or v8luation ol assgts less their residual values over their usefijl lives on the folk)wing bases.. Freehold land and buildings Leasehold land and buildings Fixtures and fittings 5 years 5 years 5-10 years A r8view for Impairrnent of a fixed asset is carried out if events or changes in circumstances indicate that th8 carrying value of any fixed asset may nol be recoverable. Shortfalls betweerT the carrying value ol fixed 8s5ets and their recovgrable amounts are recognised a5 impairments. lrnpairment losses 8re recognised in the Statement of Financial Aclivilies. 1.7 Invastment property InvestTnent properties are measured at fair value at each re[Ing date with changes in fair value recognised in 'net gains I Ilossesl on investments, in the SOFA. 1.8 Fixed a55et Investments Investmenis are recognlsed inib'ally 8t lair value which is normally the transaction price excluding transaction costs. Subsequently, they are rneasured at fair value with changes recognised in 'net gains I Ilossesl on investrnents, in the SOFA rf the shares are publicly traded or their lair v81ue can otheise be measured r81iatly. 1.9 Ca¥h and cash equlvalents Cash at bank and In hand includes cash and short term highly liquid investments wth a short matvrity of three monlhs or les5 from the dat8 of opening the dep051t. 16
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Aceountlng policies IContlnued} 1.10 Flnanclal Instruments The charity has 8Iected to apply th8 provisions of S8ction 11 'Basic Flnancial Instruments, and Section 12 'Other Financial Instruments Issues. ()f FRS 102 to all of its financi81 instrumenis. Financial instruments are recognised in the charity's balance sheet when the charily becomes paty to the contractual provisions of the instrument. Baslc Ilnanci81 assets Basic finaTicial assets, whlch indude debtors and bank balances, are initially measued at transaction price including transaction cost and are subsequently carried at amortised c05t using the effective inter85t melhos unless the arrangement consitilules a Iinaneing transaction, where the transaction is rnea5ured at the present value of the futur8 reeeipls di8count8d at a market r8te ol interest. Impairment of Ilnanclal assets Assets not me8sured at lair valu8 are reviewed for any indicabon that the asset may be impaired at each balance sh8et date. If such indic31ion exists. the Tecoverable amount of tre Èsset, or th8 asset's cash generating unit, is estimated and compar8d to he carrwng atnount. Wher& the Carrying amount eXed5 its recoverable amount, an impaim)ent loss is recognised in profit or loss unless the assel is carried at a r8valued arnourTrl where the impaiment loss is a revaluation decr8a5e. Basic financial Ilablliti•s Basic Iinancial liabilities, induding creditors are initially recognisgd at transaction Pri unless the arrangement constitutes a finanung transaction, where the debt instrument is measured at the present value of the lulure r8ceipts discounted at a rnarket rate of interest. Debt instrument5 ar& subsequently carried at amortised cost, U5illg the effective interest r81e rnethod. Creditors and provisions are recogni5ed where the charity has 8 present obligation aring from a past event that wll probably result in the tr8n5fer of funds to a third paty and the amount due to setue the obligation Can be measured or estimated reliably. Creditors and provi510ns are reco9nis8d al their setllernent arnount. Financial liabilities are derecogni5ed when the charily's contractual obligations expire or are discharged or cancelled. 1.11 Taxation The charity is an exempt charity within thè meaning of schèdule 3 of th8 Charibes Act 2011 and is considered to pass the tests set out In Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the d8finltion of a charitable company for UK corporation tax purposes. 1.12 Employee b8rEeflts When employees have rendered service to the charity, 5hort-term employee benefit5 to which the employees are entided ar8 recognised at th8 undiscounted arnt expected to be paid in exchange lor th8t servi. 1.13 Retirement beneflts The charity operates a defined contributlon plan for the benefit of its employees. Cmtritvjtions are expensed as they become p8y8ble. 17
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Critical accountlng estimates and Judgements In the application of the charity's accounting policies, the trustees are required to m8k8 judgements, 8stimales and assumptions about the earrying amount of assets and liabilitles that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimate5. The estimates and underfying assumptions are rewewed on an ongoing basis. R8visions io accouTrting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in th8 period of the revision and futu periods where the revision affects both ctJrr8llt and future periods. The signlficant judgements ineluded in these finanaal statemen15 relate to valuation of investments and inv8Strnent properties. Investment property valuatlons Investment property values are estimated based upon 8xiemal specialist assessments, 8180 considering movements in rnarket indices. At 31 March 2025, th8y weTe estimated to be valued at £745,000. Donatlons and legacies Total Total 2025 2024 Donations Legacies 1,245,738 77,621 1,146,919 141,476 1,562,662 1.323,360 The income from donation5 and legacies was £1,562,662 12024.. £1,323,360) of which £1,014.760 12024.. £723,475) was unrestricted and £649.78512024'. £599.8851 restricted. Investments Total Total 2025 2024 Incom8 from lisled investment5 Rental income Int8r85t receivable 50,188 39.150 12,545 46,996 33.620 11.587 101,883 92.203 The income from investments was £101.883 12024.. £92,203) of which £101.883 12024. £92.2031 was unrestricted and £Nil12024." £Nill restricted. 18-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Raising funds Unrestricted Restricted funds funds Total Unrestrict8d Restricted funds funds Total 2025 202S 2025 2024 2024 2024 Portrolio management Diwt costs Property paIrS and mainlenance Staff costs Support cost5 11,746 62,649 11.746 62.649 9,720 49,972 9.720 49,972 1,340 65,716 67,947 1.340 65,716 67,947 2,045 60.078 69,380 2,045 60,078 69,380 209,398 209,398 191,195 191,19S Expenditure on charitablè actlvltle3 Ministry 2025 Mlnlstry 2024 Dlre¢t Costs staff costs oth81 Costs 625,369 105,127 537,131 92,215 730,496 629,346 Grant funding of activities Ise8 note 71 208,132 97,646 Share of sUPPOrt and govemance costs (sèè note 81 Support Governan 707,(M6 50.271 693,499 40.200 1,695,945 1,460,691 Analysls by fund Unrestricted funds Restricted fund5 895,979 799,966 834,069 689,899 1,695,945 1,503,968 19
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Gfants payable Ministry 2025 Ministry 2024 Grants lo institutions-. IMJP USA HaG8f8n Publishing, Israel 119,190 48,500 49,970 Grants to individvals 40,442 47,676 208,132 97,646 Support costs allocatéd to actlvltles 2025 2024 staff costs S¢aff costs support Premises and infrastructure Legal and professional Consultancy Other Governance costs 372,388 10,126 61,096 38,326 116,719 176,338 50,271 340,440 23,696 78.985 29,618 125,634 157.430 47.276 825,264 803.079 Analysed between.. Fundraising Charitable actiwties 67,947 757,317 69,380 733,699 825,264 803,079 Induded in g0Veman costs above is £10,200 in relation to audit fees12024". £9,700). Trustees The trustees n81th6r received nor waiv8d any remuneration during the year12024.. £Nill. The total amount of employee benefits lincluding employer pension contributions) received by key management personnel for their services to the charity was £288,047 for four Individuals12024.. £218,716 for three individualsl. -20.
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employe•s Th8 average monthly nUrnr of employees during the year was.. 2025 Number 2024 Nvmbef Ministry Support and administration 10 Totsl 15 16 Employment costs 2025 2024 Wages and salarie5 Social security costs Other pension costs 978.132 61,956 56.243 890.677 58,263 53,332 1,096.331 1,(X)2,272 The number of 8rnpk)yees whose annual remuneration was Tnore than £60,(X)O is as lollow5'. 2025 Number 2024 Number £60,001 to £70,000 £70,001 to £80,000 £80.001 to £90,000 £90.001 to £100,000 11 Taxatlon The ¢harity is exempt from t8X8tion on its actiwtl85 because all its income is applied for charitable purposes. 21
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tangible flxed assets Freehold land and bulldlngs Leasehold Fl¥tures and land and fittin95 trAJlldlngs Total Cost At 1 April 2024 Addition5 Disposals 360,395 33,486 65,763 3,633 19.4111 459,644 3,633 19.4111 At 31 March 2025 360,395 33,486 59,985 453,866 Depr8clatlon and Impalrmont At 1 April 2024 Depreciation charged in the year Eliminated in respeci of disposals 15,605 33,486 57,490 3.204 19,4111 106,581 3,204 19,4111 At 31 Marth 2025 15,605 33,486 51,283 100,374 Carrylng amount At 31 March 2025 344,790 8,702 353,492 At 31 March 2024 344,790 8,273 353,063 The carrying value ol land included in land and buildings comprises.. 2025 2024 Freehold 344,790 344.790 13 Investment property 2025 Falr valu? At 1 Aprll 2024 and 31 March 2025 745,000 Investment properties consists of two properties. Th8y were valued by the trustees in 2025 based on assessment pr8viously performed by external speryalists. -22-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Fixed assèt Investments Llsted Invèstments C05t or valuation At 1 April 2024 Additions Valuation changes Cash movern8nt Disposals 1,505,556 90,620 24,152 22,171 1125,2321 At 31 March 2025 1.517,267 Carrylng amount At 31 March 2025 1,517,267 At 31 March 2024 1,505,556 The fair value of listed investments is determined by reference to the quoted Price for id6nts.cal ass8ts in an active market at the bal8nce sheet dale. .23-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Do1)tors 2025 2024 Other debtors Long term loans Prepayments and accrued income 1,655 153,617 11,937 1,655 155,525 11,964 167.209 169,144 Loans made to individuals are for the beneflt of the charity. securing key personnel to enable the charity to rarry out its charitab18 actlvities and ar8 du8 after rnore than one year. 16 Credltors: arnounts falllng dug wlthln one year 2025 2024 Trade Cfeditors Other creditors Accruals and deferred income 31,907 11,890 141,043 11,932 11,368 20,171 184,840 43,471 17 Rètlrement bengflt sehomes 2025 2024 Defined ¢ontribuilon schemes Charge to profit or loss in respect of defined contribution Kh8rnes 56,243 53,332 The charity operate5 a defined contribution pension scheme for all quallfying employees. The assets of the scheme are held separately from those of the charily in an independently administed fund. -24-
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INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 19 UnrestrScted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which ara not subject to specific conditions by donors and grantors as to how they may be Used. These include deslgnated funds which hav& been set asido out of unrestn'cted funds by the tfustees for specific purposes. At 1 Aprll 2024 Incomlng resourGes Resources expended Transfers Gains and At 31 March losses 2025 General funds 1,649,126 1.014,760 11,105,377) 1295,2601 24,152 1,287.401 Prevlous year: At 1 Aprll 2023 Incomlng resources Resources expendèd Transfvr5 Gains and At 31 March 1085e5 2024 General funds 1,689,220 815,678 11,025,264) 92,112 77.380 1,649,126 Deslgnatsd funds These ar8 designated funds which are mateT4al lo thè charitys activities made up as follows.. B¥lance at 1 Aprfl 2023 Transf•rs 8alanro at 1 Aprfl 2024 TraTrsfer¥ 8alanGe at 31 March 2025 RestrLJCtkJring Reserve fund M15sionary Home Loan fund Propety fund IMJP USAfund 200,000 200,000 1,089,790 1150.0001 50,000 200,000 1,089,790 150,0001 200,000 1,089,790 280,810 280.810 1.489,790 1150,0001 1,339,790 230.810 1,570,600 21 Antlysls of net ass bètween funds Unrestrlctsd Doslgnatgd funds funds Restricted funds Total 2025 2025 2025 2025 At 31 March 2025- Tanglble assets Investment propertles Investments Current assetsl1liabili.eSI 8,702 344,790 745,000 353.492 745,000 1,517,267 381,807 1,517,267 1238,5681 480,810 139,565 1,287,401 1,570,600 139,565 2.997,566 -26-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 21 Analysis of net B¥sets between funds (Continued) Unrestricted Deslgnated funds fund5 Restrlcted funds Total 2024 2024 2024 2024 At 31 March 2024: Tangible assets Investment prtsperts'es Investments Current assetsllliabililie51 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 22 Operatlnq leasè commltment$ Less88 At the reporting end dale the ¢harilVs futu rninimurn lease payrn8n15 under non-cancellable Operang leases wa5". 2025 2024 Within one year Belween two 8nd five years 42,005 14,821 42,285 52,312 56,826 94,597 23 Related party transactions No member of the Council of Management received any remuneration during the year12024'. £nill. The charity received £nil12024.. £nill in unrestricted donations from Council Members and £nil12024". £nill in restricted donations. £100,00012024.. £100,000) within lorg terni debtors 15 owed to the charily by Joseph Steinberg, a member of key management personnel. The loan Is gecured against property, and rnarket rate interest Is being charged. Reirnbur8ed expenses of £15712024.. £5071 and £409 of related transactions were paid to Council Mernbers. 24 Members liabllltles Each member of the charitable company undertakes to conlrfbute to the assets of the cornp8ny In the event of it being wound up whik helshe is a tnember, or within one year after he15he ceases to be a member, such amount as rnay be required, not exceeding £1 foT the debts and liabilities contracted before helshe ceases to be a member. -27-
INTERNATIONAL MISSION TO JEWISH PEOPLE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2025 25 Cash generated from operations 2025 2024 Deficit lor the year 1216,6461 1202,2201 Adlustments for.. Investment income recognised in st8t8menl of financial activities (Gainyloss on di5P0$810l tangible fixed ass81s Gain on investments Depreciation and Impaimient of tangible fixed assets 1101,8831 192.2031 177 177.3801 2,778 124,1521 3,204 Movements in working capital.. Decrease in debtors Increaselldecreasel in ¢reditor5 27 141.369 12,225 13,3511 Cash absorbed by op8rations 1198,0811 1359,9741 .28-