Ch¥rlty reB15tr*lDn nurn*Er 2W2049 Company r*￿rat￿n nuThbEr 01543797 (Ensland and Wale51 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEM8ER 2023 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE LEGAL AND ADMINISTRATIVE INFORMATION Tty#e*s 8 P D8Yis D R Meller A M Garfield FCA fj Rjayson A H S Pulorgenthau Chaiitynurnblr 282049 Comwy numbEr Ol543797 Reshteied Office 32 Hampstead Hi8h Street LoDdon NW3 IQD THE BRITISH FRIENDS OF THE JAFFA INSTITUTE CONTENTS The Trustee s Report report Indeperhdent examiner'5 reporr Notes tothp finHncial si3ierneDIs 8-15 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE IHE TRU5fEE'S REPORT REPORT IINCLUDING DIRECTORS. REPORTI FOR THE YEAR ENDED 31 DECEMBER 2023 The TrUS￿espreSentthÉirafftnual report and financlal statettents for theyear ended 31 December 2023. The linancia15tatemEllt5 have wepared in atCDidan(ewith the accwnting pDIicEsset Dut nDte I tDthe financial staternent5 and tomply with the charltV'S8Overnin8 documenc the Companies Att 2W6 and"Accountin8 and Reportin8 by Charilies. Staiemeniof RÈcommended practice3prllca￿e to chanties piepanngtheir3CCOuntS Inaccoidancèwlth thÈ Financial Rèpcrftin85tand8rd applicablè Objecb¥es4Trd 4Cti¥itie5 advancernen-. of education. It particul3ilysuppms rhe InstitrJteforiheAdvancernent of Educ3tlDn inJ3ffa'. a registered charity the 5tat@ Df Israd. charity 15 3warÉ that. due lo It&ende3VDU1S.variDL￿ individu31s and chariti￿5 have sent maniÉsdiieEtlytothe Institute wtkoutthe monies bein8 5Efftvia The 8nt15h Friend5 Of the jaffa In511tuie. TheTru51ee5 are dping all ihey ran 10 5UPPQrtThe The charity 1sor8anised sothat the Trustees meet regularlyto manage Itsaffairs. Folk7win8 the sad passing olthe yevious admin15trator. the d3¥-ttrdayadmin15trath)n of the ch3riiy i5carried out byone ol theTrustee5. The Tr￿St¢￿Se￿nI1Ith iheir ¢¢mpliante with thÈ d￿l¥ Lo h?ve d￿e regard t?the p￿￿le benefit gyid?Th￿ pvblished tsy t* Chailt CDmrni55ion when revievJin8thechaThty'5 aim5and DbleEt￿es and in planiiThg future3Ctivitie5. Ptsblir The Tru5teeshave paid diJe regardtogu1dan￿ issued bythe CharityCI)mmission Indecidingwhat activitie5tPe Cornpanysthu undèrtakè. At￿￿¥Èlnenl5 ahd perftsrmant &gnificontortNItl85 ondgchi?vgmgnls ggoinst obiective5 Duringthe yearthecharity has continued its ph-lanlhropic 3c-.ivities and maintained ils sUPPOrt far ensaging in rhE advarhternent Df lurthtr those pufp05e3 Cornpatible with the aimsattd objectlies ol ihe charity. TheTruStees expect such demandsto increase In future Ouiin8tbe ¥ear under rewew donations ra￿e￿ totaled £407.ILY)12022- E312,1471. Donations mad* dufingthÈyéartot311tyI £462,67D12022-£260.9751. Anandal re￿eW Prfnto approximatélysix month5unrestriited expÈnditure.This provide5 sythiientfunds lo coversvpport ¢tystsand to respond t¢ theperiod. The Tr￿lee5 gre5at15fiEdth4t the Pr￿ent balance of di5trii4rtable re5erve5 15 5ufticienttQ 5UPPQrt anticipated eipenditure. The charity'sstatpment of FinancialActiviiies shows a net defiotgenerated In the period of £62.74912022- £33,363 nprsurplusl and total ieseNes 01 £8,24412022- £70.￿31. THE BRITISH FRIENDS OF THE JAFFA INSTITUTE IHE TRU5fEE'S REPORT REPORT IINCLUDING DIRECTORS. REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 rurture*yvemarKe and Man3￿ment Go¥ernin8ducurnent The charity 15CDntrolled by itS8overringdocurrent. a deed of trust. and wn5titute5 alimited company. Iimitea by8uarantee. as defined vtheCDmpanie5 Ici 3￿6. The Trusrees, who are al¢othe dirè¢tors lorthe purp¢se of ¢umpany l*,and wh¢ sewed dviitl8the year and upto the date of >gnature the fin•n¢ialstatement5were-. P Davis D R Meller Dr DI PortO¥YiCI M Garfield FCA G R layson A H 5 Mor£enth3u Aecruitmenronll pppointment DltfL15*es èttivityesof i?echariiv. Trustees under80 an orienLation day io brief them on th?jr ￿eal obli¥atiDns under charitv and companv ￿w. Ihe contenisof the MErnorandum and Article5 DIA55Driation. the cornmitteEani decision-making prote5se5. the bu51ne55 plan and rpEent financial rformancé of thè tharlty. Durin8[￿ indurtion day thèy méÈtthé othèrTruStèèS. TrustèÈs3￿ encour38Èd to attènd appropriat* externaltraininA ÈveThtswhÈre thèsewill fatilitatethe undertakin8 of theifrtslÈ. Oryanlsatlorwl structure All directQ15 of the company are 415oTw51ees of thech3riiy. Jndihere are no ￿herTrU5tee5. All of the Tru5tee5 naffled in ihi5 repori served throughout Iheyearunle55 Qtherwise 5ts1pd. The Board hasihe pDwerio appoiDi additiovalTru51ee5 a5 11 CQD5ider5fitto doso. The day-to.dayafFair& of the Com￿nY are adrninist8r8d hyGeoflrey Jay50n, Tru&t8@, without remullBration. one of theTiustees haye3ny benetclal Inteiestln Ihe tharlty. All Trustees givethelrtlme vduntailly 2NJno benefit Dre%pensesweie Paid tothemin the year. THE BRITISH FRIENDS OF THE JAFFA INSTITUTE IHE TRU5fEE'S REPORT REPORT IINCLUDING DIRECTORS. REPORTI ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 managomeht The TruSteÈ%h3ve 3 dutytD IdÈThtify3nd reiryÈwthe risks tovthich Ihè tharity15 Éxposéd and to Ènsure appiotyiatècontids arein t9 pr￿14￿ reasonablp a55vrafjce a8ain5ffrau¢ and etror. Rele￿nCe1nd AdmlTr15tratfvE DEts115 eglstered ￿mP?￿Y Trumber Q1541747 IFnglaDd aDd wa￿5) R•6lst•red ￿ar￿numb￿1 282049 PeÈistered offi¢e Hi115dowTh House 32 Harnp5te￿ Highstreet London r4w3 lQt> Tru5tee5 G R layson F(A A M Garfield FCA DI DJ PDItDwiiz A H S Morsenthau IndepehdeThtExamlner fjrunberg & Co LITniiecl Chartered AccountsntS Collndeep Lane LDndon NW96BX The Tru51ee5' report wasapproved by the 8Dard olTru5tee5. and s18ned ￿ It5 behalf Jy.. G Rlay5an TwsteÈ 14AuEu5t 2024 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE INDEPENDENT EXAMINER'S REPORT 10 THE TRUSTEES OF THE BR￿1$￿ FRIENDS OF THE JAFFA INSTITUTE Indop•nd•nt4M3mln•r's r•portto thpTrust••sèf Tho Biltlsh Frf•Thdsof th•Jafla InsUtut41'th• Companfl OecemberlLI2J. Re5￿51b71￿eS and basls of report As the Trustees of Ihe company land also Its dI￿(tr￿sfOr thepurposes ofcomp3ny lawl you are re5PDnslb￿fOrt￿e preparntlon olthe financlal statements in attordance wth the ￿QUirementS ottheComphnÈsAct 20￿ (the 2006ArtI. Having5atisfEd myself that thefiDan:ial siatementsof thecornpany are Dot required to be audited under Part 16 of the 2CQ6Art a arE eliBiblefDr independent exatnin3tion. I report in respect of my examinat￿￿ of the CDrnpany's financial slalement5carried out undpr ction 145 clthe Charit￿sAct 2011 (the 2011 A(tl- In carryin8 Out rnvexam1nat￿n I h3vp followed all th@applicable DirértID￿ 8ivenby thechanty C?mrni55ion undersedioTh l4515llbl ol the 2DII Aci. IndependentexamlTrer'$5ts1ement Since the Company's8ro£s income exceeded £250,IMIO youre%amineY must be a mernbei of a boty listed In sectlDn 145 olthe 2011 Act. Iconfirm that l arn qualifÉd to undertake the examination because l am a member Df ICAEW. which 1Sone ol the115ted bodie5. I havecompleted mye¥aTrinalion. I ronfimi thai nomBtters have comeio myatrent￿n in with examination giviw me accDunting reiordswere not kept In iespect of the cottFaryas reouired by 5¢tlion 386of the 2006Act,. ¢r the fininiial 5taternEnts do nolcomply with the arrDunting requireTnent50f 5ertiDn 396 01 the 20C6Ad other than£nv requirement that ihe accounts 8lve a ifueand fall Viewwhich is not a matter ci)nsidered aspariof an independenLexaminatiOlf or the finin¢ial statements have not been prep8¢d in a¢¢ordar*e *ryth the methods•nd principles ¢f the Statement ol I have no concems and have come across noothei mattels In conneciionwiih the exDminaiion rowhi£h atienrion Should bedrawn in this report In orderto enable a proper undersiarwling of the financial statemenis to be Yeached. G￿8113 walthnan M FCA Gruhbery& C• Lhnlted CharttrÈd AttOuThtaThts S TEchnalD8V Park Colindeep ¢olindalÈ london NW9 6BX Dat@d. 14 August 2024 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER Z023 UMeMrkied fuhds ResMr¢c(I fuhds 2023 TOt•l Vnre51rlcted funds ftE5trfrtcd fund& T¢x•i Z023 2013 Z022 20Z2 zozz Note5 Incomefrorn: Donation5 and ￿83¢le% 337.010 407.Ifh) 199.176 312.147 Totsl Income 337.010 70.09) 407.1 199.176 312.J47 EXpendit￿le C+Th'. d advancemernt ol dLicatlDn 352,254 116.595 69.819 111,2BS 167.3g9 278,78 Totsl eNpenthture 353,254 116.595 469.849 111.385 167,359 278.784 Net incomElleXpendltu￿I and ovemEnt in fund$ 116,2441 146.5051 162,7491 1,586 31.777 .363 Reconclllat6on of fvnds-. Fund balaniesal Ljanuary 2023 23,994 46.999 70.993 22,408 15.222 37.630 Fund tyalanrtsat al D￿ember202) 7,750 494 8.244 23,994 46,999 70,993 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE STATEMENT OF FINANCIAL POSITION AS AT31 DECEM8ER2023 2023 Notes Hxed a$5ets Tangible a55ets Current a55pts Dèbtors ID Cash at bankand in hand ID.643 71,792 10,643 73,392 (r￿ditors.. amDunt5falIM¥d￿￿WIthIll Oney￿a li Net (￿ne￿ta$Se1S 8.243 70.993 TotJl 155ets ￿3(￿rrent liabilitie5 8,244 70.993 N￿t as5@tsexcl￿d1ns pens10￿ liaFAIIty 8.244 70.g93 ThÈ luTh& ofthe Company Pe3tricttd Income lunds Iz 494 46.999 23.994 7.750 7u.yyJ The notes pages 8 to 15 form partof these financibl sraternenis. The company is 8ntitled to thè Èxèmption from thèaudit rèouirÈmÈThttOntainÈd in Séttion 477 of thè companiÈ5 Att 200fj. foi thè yè3r ended 31 De(ember2023. The Tn￿teeSacknO*rfedeE their rE5pon5ibilitEs foi lal ensuringlhat the chèritsble corrpanykeep3accouTrtin8 records ihaicomply with 5ections386 and 387of the ComJaDie5 Act 2006 and Ibl preparingfInan￿al 5taternent5 which gNe a rrue and fairwpwof the state of affair5 of the charitablecofflpanya5 at the end or and Wnlcn Olherwise comply wlth Ihe reouiremehtsotihe cDmpaThiesAtT 2[p[￿ rei3Tin8ToliThanciAI Staiements. SDfar as aPPlitablÈl0 thècharitsble campan¥. The member5 have not required the cornpany tD Jbtain an audrtof lt5fin3ll￿a1 statements fortheye3r inguestion in 3CCDrd3nLe wrth sertion 476 These finan￿al Statements have beets prepared in accordance with the provisions applicable io cornpaDies subje￿ rothe small compaDie5 regime. THE BRITISH FRIENDS OF THE JAFFA INSTITUTE STATEMENT OF FINANCIAL POSITION ICONTINUEDI AS AT31 DECEM8ER2023 The financlal 5taiementSweie approved by iheTrusiee50n 14 August 2024 G Rjaysan T￿St@ Comp3ny rÈg&tration numb@r 01543797 (E(￿land walès) THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL SIATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 AuourtlTr8 po4cle5 Charfty Infcimatlon The Brltish Friend5 of the Idfla Instltute is a prIVa￿ comp3n¥ Ilmlted by guarantee Incorpordted in EnÉl3nd ènd wa￿&. The registered office is Hillsdown House. 32 Hampsteéd HiÈh StreeL London. NW3 LQD. Ll AccouThtlThg CGqNentlo The financial statemeDls have bpen prepared in accordAnce with the Companys goveinjngdocvment. IheCDmpaDie5Acl 2QY Ac(wnlingand AeportingbyChariiie5.' Sta1etnenl of Recomrnended Practice applicable to chariiie5 preparing their acrDunt5 1 2019I- The Cotnpany 1& 3 Public Benefit Entty￿ dÉfin@d by FR5 102. The Company has taken advarth8e of ihe provisions in iheSORP for ch2filles ro prepa￿ a stsiement of Qsh Fknw5. Th* financial statementsaie prepared in stÈrtin& which isthe functional curiency ofthe Company. Moiet3ry amounts in thes L2 G¢in8¢on¢e¢n Althe time of 3pprovin8 the financK41 statements, the Trustee5 a reasonèble expectation that thecompany has ￿equate L3 Ch¥rltsble fvnd5 UDrestricted funds are available foru5e atthe discrptioD of the Trustees in fuitherance Df their charitable obiectiv￿, Restricted fundscanonty be used for partitular ￿$trIcted purr*)ses wlthin ihe oblecEs of the charfty- Restrictions atise whÈn $￿tIfV￿d b¥ thè donor Dfwhenfunds arèraisèdfora partictslar rèstrictèd L4 Q5h ¢onation5 are reEQ8n15edi￿ recelpt otherd￿allQnSare recognsed oncethe cornpany h35 Deen notlfled of the dollarion. uDle55 performance ¢D￿lI10n5 require deferr?1 of the amount. Income lax recoverable relaiion todonation5 rpceived Under Aid or deed5 of coveDant 15 recognise¢ Bi thp tirneof thedonatKn. LeEacie5 are recoEni5ed on receipt or oth2rwise if the Company ha5 been notified of an impending d￿trIbution, the arnDunt 15 known, and recelo Kexpected. If Ihe3mouni Is not kriowll, the legacy Is rrpated as acontlngeni assei. L5 Expenditure Probab￿ that a tr3ll5fErof eEonomic b8nelit5 will ￿ r?quired in 5ettlernenl. and thE amount of the obligation can bE me35urÉd activity. shared c05t5 which conty1￿J1e to more than oneactivityand 5upporr costswhKh are notattriburable io a siDgleactiVity apptsrtioned b4tween thDse actiwties DTh a basis cor5iSt*nt with the use ol rÈsouYces. Cantral staff¢osls are allotated on th basis of time spent. and dep￿"latiOn th£r#es are allocated on the portion oltFe asset's use. THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL SIATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 AuouThtlTh8 po*rie5 lttffi1￿UedI L6 Tanglblefixed a55et5 Tangibl¢ fixed Jssets are initiily meosvred 81 ¢05t andsubseouentlymeasvred ai ¢ostOl valuatitsn. neiof depre¢iaTi¢n irnpaiiment1955e& f￿10￿Ing ba5eS'. 33.33%oncost The 8ain or loss ariSin8 on the disposal of gn assot is doterminod astho dillèronce botwèontho salo procoedsand the Car￿￿0 valuÈ of th@a￿t, 3rtd is rètDEnisèd thÈstatÈmènt of flnanci31 atti¥￿1@%. L? Imp3irrneTrtof fixeda55et5 Ateath r@PDrting end date. thp lotTrpaTry TeVleWS the carrying amounts Df rtstan8iblÉ 3&5etsto deterMIne￿@the[ there is3nV L8 Cashandfashequlvalents cash arhd Cash equivalents include ¢ash in h8nd. deposrts held at ¢¥1 with b8nk>, othershort-ierm liquid Investments with orginal L9 Finahcial inst¢umÈnts ThE Cotnpany ha5 elettEd tts applythÈ prOvi5ion5 of Section Il'BasiC Financial In5trumÈnt< and SÈrtitsTh 12'0thEI Finan¢01 Fin3ncial instrumentsare recozni5ed In ihe Cornpany'5 baLin¢e sheet when ihe Company bxomes partyto the conrraciual settlethe lia￿lity simultaneously. 8¢7slchnanciolossets tr2nSxt￿jfft toits arÈ Sub>èquÈThtly tarlièd atamortisèd colt using thè ÈffÈttiV* lThtÈrést mèthod Jnlè%sthé 2rrJngèmÈnt tonsii-.utesa fin1￿1n8tr¥n51rtlOts. whtre the IraThsa¢ti¢Th is measured atthe present val* of thefulu¢ receipts discounted at market rate of interest. Financial a5SEts clis5ified a5 reiewablevHthin DnE year3re not amDrt15ed. THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL SIATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 AuouThtlTh8 po*rie5 lttffi1￿UedI &tssicfit)OnCiollitibilitieJ consti￿te5 a finanEingtran5a(tion. where the debt instrument is tnea5ured at the pre5ent'ialue Df thefuture payrrient5 Debt Instruments are 5ubsequenrlycarrled at amor11se¢ cost. u5Ingrhe effect1%￿ interesi rare rnethod. Tiadecreditor5 afe obligatlQD5to pay for good5 or seNicesthat ha¥e been acquired inihe ordinarycourse ol opeiations fvom l>ererogTrlti¢Jn offlJJrJnrlqlllt7Wlthe5 Financial liabiliiiesare derecoeni5ed whenthe Company'5 COntracEual obligaiionsexpire orare cli5charged OrcanC￿1ed. LIO Tax¥tlon The C¢mpany 15 exempt frorn corporation taxon It5 charitable attivities. Incomefrom doThatiDns and leKaaes UMe5trkted H25tr1rled fund5 2023 Total Unre5trlrted funds 2012 ftestrirted fuTrd5 2022 rrt•l 2023 20 2Q22 Dona11Qn5 and gif 337.010 407.LLN) IL2,971 199.176 312,147 10- THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL SIATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 expeffldrture onchailtableattN6tle5 povertv, poverty, slcknessand ckne55 and dv?n￿Ment of ￿want￿Me￿of ucatlo dwatTon 202a 2Q22 Dlrertccsts fjranl lunding Df actiwtie515eE wle41 462.670 260,975 share01￿pPOrta￿d gDveManEe c05t51see note 41 Support Gover13nce 15,0$5 2,?54 3.69D 469,849 278.784 aw5 byfvnd 353.254 116.599 111,385 167,399 RèStrittÈd funds 169,849 278.?84 Grants ￿yable Relielof ReliEfol poverty. poverty, sickneysand skkne55 and advancernent of advaDcementof ducaiio ducatTon 2023 2Q22 other 462.670 2￿,975 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL SIATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 $￿pport¢0stsallQcat£d to actwttie5 2028 2022 1.601 1,439 449 1.594 824 fjdrie5 237 12.41NI 2.754 GO￿rianCe costs 3.640 7,179 17.8D9 alysed bEtween". Relielol poverty. slcknessand 3dvarncerneit ol education 7.179 17.809 2023 22 G0Vema￿te costsctsmprI5e'. IndppeDdent examiDati 3.690 2,754 3.680 2.754 TNstees NonÈof theTrustees lorany persons ¢onneet*d w11h them) rÈ¢eived ahy remuneration or benefits from Ihe CDmpany duringthe Employees The aknei3AÈ monthty number Df employees dufink theyearw35-. 20ZI 2Q22 Number Numh Therewere noemployees wthse annual remuneratior wa5 rfK>rethan £&J,iM. Remunerallon of key manasement pev5onnel The remunerat￿￿ of key managernent personnel wa5 a5 foll0ws.' Taxatlon 12 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL SIATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Tan8fjblefixed assets C05t At l January 2023 3,8S? At 310ecÈmber 2023 3.857 Deprecfjaiion and SrnpalrmeTht At I lanuaiy 2023 3,856 At 31 Oecember 2028 3,856 At 31 Oecember 2023 At 31 Oecember 2022 2028 J22 AMount$tsllihiduE*ithinoneve*. Prepayments and2ccYued inccme li hercrEdttowslalllngduewthln or¢eyear 2013 zfjzl A(rwals defer¢d in¢ome Restrirted funds The r¥tlicied fund5 of the charlty compr15e ihe une¥pended balan￿$ of dOnatI￿sand gr4nis held on trust Subject to specllic condiiv)n5 b¥ donor5 asto howihey rnay be used. At J January 2021 Ine4)Mln8 re5Duriy5 AQSO￿r￿•S At 31 O•t•mb eyndpd 46.999 70.090 494 13 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL SIATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 REStNrted lund$ lttffi1￿UedI Pr￿m)uS year.. At ljanuary 2022 IncDmlng e5DuralS Ro50urre5 At31 DecembE expEnd*d 2022 RÈgtiittÉd fund 15.222 199.176 46.999 Unrestrfrted funds Th￿ uThio:triclcd fund: of thochantycomFriSQ tho uncxpcndcd baLinco% of donation: and 3rant5 whith aro not ￿ubl￿rt to specifK conditlolls bydonors and granrors as to how ihey may be used. These include de5ignaied funds wh￿h have been sei At ljanuary 2023 Incomlnz wesourrLs Resources At31 De￿rntser ewndEd 2023 Genernl funds 23,994 337.OLO 1353.2541 7,750 Pre¥￿u5 year.. At ljanuéry Z022 Incomlng re50ur