Charlty reglstratlon number282049 Comp•nyregisiraiion number01543797 IEnKl•nd and W¥lesl THE BRITISH FRIENDS OF THE JAFFA INSTITUTE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE LEGALAND ADMINisfRATIVE INFORMATION Trustees P Davis D R Meller Dr O J Portowiu A M Garfield FCA P S Phillips G R Jayson FCA A H S Morzenthau Ch*rlty number 282049 Company number 01543797 Reglstered offlce Hillsdown House 32 Harnp5tead Hi8h Street London NW3 IQO THE BRITISH FRIENDS OF THE JAFFA INSTITUTE CONTENTS Page ThÈ Trustee's Report Teptsrt Independent exafflifier's reky)rt Statement tsf flnanclèl tyrti¥ities Statement of flnanclal position Notes to the financi•l statements 8-15 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE THE TRUSTEE'S REPORT REPORT IINCLUDING DIRE￿oR5. REPORn FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial siatements lor the year ended 31 December 2024. The financial ststements hève been prepared in accordancÈ with the a£countin8 policies set out In note I to the flnanclal statements and compty with the charity's governing document. the Companies Act 2006 and Accounting and Reporting by Ch8fltles.' Statement of Recommended Prattice applicable to charities preparing their accounts In accordan￿ with the Financial Reporting Standard applicable In the UK ènd Republic of Ireland IFRS 1021" (effective l January 20191. Objerti¥es and adivities The charity's objectives and its principal actNity 15 to make charitable contributions for the relief of poverty, sickness and the advancement of education. It particularty supports 'The Instrtute for the Advancement of Education In Jaffa,, a re8lStered charity In the State of Israel, known a5 the Jatra InstitLtte. The charity is aware that. due to its endeavour5. various individua15 and charities have sent rnonies directly to the Institute without the monies being sent via The British Friends of the Jaffa Institute. The Tru5tee5 are doin6 all they can to 5UPPOrt Jaffa Instrtute with their activitie5 relatin6 to the current emergency in15rael. The charlty is orÉanlsed $0 that the Trustees meet regular￿ io manage its affairs. The d8y-to48y administration of the charity Is cèrried out by one of the Trusiees. The Trustees conflrm thelr compliance with ihe duty to ha¥e due ￿Kard to the public benefit guidance publlshed by the Charlty Commlsslon when revlewing the charlly's aims and obieui¥es and in plannln8 future octivlties. Publlc benellt The Trustees have paid due regard to guidance Issued by the Charlty Commisslon in de(Idlng what activltles the Company should undertake. A¢hlevements •nd perform•n¢e Signlficont octivities Gnd ochievements ogoinst objectives Durlng the year the charity has continued its philanthroplc artivilles and malntsined its SUPPOrt for engaglng In the advancement of educatlon In Israel. The Char￿'S Income Is derived from doThaiknns received from Indlviduals and trusts. The reserves remaSn available to further those purposes compatible wirh ihe aims and obiectNes of the charity. The Trustees expect such demands to increase In luture years. The financial results of the company are fully reflected in the attached financial statements together with the notes thereon. Durln8 the year under review donations raised totslled £327,05512023- £407.ICQI. Donation5 rnade durinz the year totalled £304.48412023- É462.6701- Flnanclal review Prlncipal funding sourtes The tharitV'5 intotnÈ 15 derived from donations receNed from individuals and trusts. Reserves pollcv It is the polity of the chèrity to maintsin unrettritted funds, whith are the free reserves of the charity, at a level which at a mSnlmum, equates to approximately six months unrestrirted expenditure. This provides sufficienr funds to cover support costs whlch arise from time to time. Unrestricted funds were mainiained at least at this level through out rhe period. The Trustees are satlsfied that the present balance ol distributable reserves is sufficient ￿ support anticipated expenditure. Financial position The financial position of the charity is satisfactory. The charitV'5 Staternent of Financial Activities shows a net 5UTpIus 8eneTated in the period of £18,487 12023 - £62,749 net deficit) and total re5erve5 of £26.73112023- £8.2441- THE BRITISH FRIENDS OF THE JAFFA INSTITUTE THE TRUSTEE'S REPORT REPORT IINCLUDING DIRE￿oR5. REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 structure. governance and management Govetnlng document The charity is controlled by its governing document. a deed of trus¢ and tonttitutes a limited company. liM￿ed by guarantee, as defined by the Companies Act 2￿6. The Tru5tee5, who are a150 the dirertor5 for the purpose of cofflpany tsw. and who Se￿ed duTing the year and up to the date of Signature of the financial 5tatement5 were.. B P Davis D R Meller Dr D J Portowici A M Garfield FCA G R Jay50n FCA A H S Morgenthau Recrultmentond oppointmentoltrustees The management of the company is the responsSbillty of the Trustees who are elected and co-opted under the terms of the Trust deed. New Trustee5 are appointed based on personal COrnFetence. SFecialist skills, local availability and their ability to promote the New Trustees undergo an orlentstion day to brief thern on their legal obliytlons under charity and company law, the content5 ol the Mernorondurn and Article5 of A550ciatior%. the committee Je£ision-makin8 processes. the business plan ond recent financial performance ol the charity. Durin8 the indurtion day they rneet the other Trustees. Tru5tee5 are encoura8ed to attend appropriate external trainin8 event5 where these will facilitate the undert•kin8 of their role. Oryanlsotlonal strurture All directors of the company are also Trustees of the charity, and tTr￿re are no Other Trustees. All of the Trustees named in this port served throughout the year unless otherwise stated. The Board has the power to aP￿In1 additional Trustees as It considers fit to do so. The day-to-day affairs of the Companyare administered byGeoffreyJayson. Trustee, without remuneration. None of the Trustees have any beneficial interest In the charity. All Trustees 8l¥e their tlme voluntarlly and no benefit or expense5 were paid to them in the year. THE BRITISH FRIENDS OF THE JAFFA INSTITUTE THE TRUSTEE'S REPORT REPORT IINCLUDING DIRE￿oR5. REPORn (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Risk management The Trustees have a duty to Identify and review the risks io which the Char￿ is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Aeferenre and Administrative Detai15 Reg15tered Cofflpary number 01543797 (England and Wale51 Re81ste￿d Char￿V number 282049 Reglstered ottlce Hillsdown House 32 Hampstead Hlgh Street London NW3 i¢ID Tru5tee5 G R layson FCA A M Garfield FCA P Davis D R Meller Dr D J Portowicz A H S Mor8enthau Independent Ex•mlner Grunberg & Co Limited Chartered Accountants 5 Technology Park Colindeep Lène London NW968X The Trustee5' report was approved bythe Board of Trustees. and s¥ned on its behalf by.. G R Jay50n FCA Tru51ee 23 lune 2025 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE INDEPENOENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BRITISH FRIENDS OF THE JAFFA INsllTUTE Independent examlner's report to the Tyusteesof The Brltlsh Frfendsof the Jaffa Insthute I'the Company'l I report to the Trustees on my examlnation ol the linancial statements ol The Britlsh Friends of the Jaffa Instltute for the year ended 31 December 2023. Responsibilities and basis of report As the Trustees of the company land also its direttors lor the pjrposes of company lawl you are rÈsponsible for th preparètion of the financial statements in ac£ordante with requirements of the Companies Act 2￿6 (the 2006 Att). Having satisfied myself that the linancial ststements of the Company are not required to be audited under Part 16 of the 2006 Art and are eligible for independent examination, I report in respect of my examination of the Company's financièl statements Carried out under section 145 of the Charities Act 2011 Ithe 2011 Act). In carrying out my examination I have followed all the applicable Direction5 given by the Charit¥ Commission under section 14515llbl of the 2011 Act. Independent e¥amlner'$ 51atemerf Slnce the Compèny's gross income exceeded £250.LKY) your examiner must be a member of a body Ilsted In settion 145 of the 2011 Act. I conflrm that l arn qualilied to undertake the examinatM)n because l am a member of ICAEW, whlch Is one of the I have cornpleted my examination. I confirm that no matters have corne to my attention in connection with the exèmination 8ivin8 me cause to believe that in any material resFect'. accountlng records We￿ not kept in respe£t of the Company as requlred by settion 386 of the 2006 Act.. or the financial 5tstements do not accord with those records,. or the financial statements do not Comply with the accounting requirements ol seCt￿n 396 of the 2￿6 Act other than any requirement that the accounts glve a true and lair view whKh Is not a matter consldered as part of an Independent examination". or the financial statements have not been p￿pared in a¢cordan¢e with the methods and principles of the Statemeni of Recommended Practite for accounting ènd reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the VK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other matters in Connection with rhe examination to whlch attentlon should be drawn In thls report In order to enable a proper understsndingof the financial ststements to be reached. Gedalia Waldman BA FfA Grunbef8 & Co Limited Chartered ACcoU￿3￿1S S Technology Park Collndeep Lane Collndale London NW9 6BX Dated.. 23 June 2025 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE sfATEMENT OF FINANCIAL ACtIVlTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted lurtd$ fvnds 2024 2024 Total Unrestricted funds 2021 Restrlrted funds 2023 Total 2024 2023 Notes Inr the year In question In accordance wlth se¢iion 476. These financial ststements have been prepared in accordance with the provisions applicable to cornpanies subject to the small companies re8ime. The financial statements were approved by the Trustees on 23 June 2025 G R Jayson FCA Trustee Company reglstratlon number OIS43797 (England and Wales) THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accountlng pollcles Charity inforniation The British Friends of the Jaffa Institute is a private company limited by guarontee in¢orpDrated in England and Wales. The registered offi¢e is Hillsdown House. 32 Hampttead High Street. London. NW3 IQD. 1.1 Accountln8 conventlon The finantial ststements have prepared in attordance with the Company's governing dotument. the Companies Att 2006. FRS 102 -ThÈ Financial RÈw)rting Standard applicable in the UK and Republic of Ireland" I"FRS 102.1 ènd th Ch8rlties SORP "Accounting and Reporting by Charities." Statement of Recommended Practice appllcable to chèritles preparing thelr accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. (effective l January 20191. The Company is a Public Benefit Entity as defined by FRS 102. The Company has taken advantage of the provisjons in the SORP lor charrf(ies Trot to prepare 3 Ststement of Cash Flows. The finan¢lal statements a￿ prepared in sterlin& whKh is the funttional CUr￿ncY ol the Company. Monetary amounts In these flnanclal statements are rounded to the nea￿$1 E. 1.2 fjolng ¢on¢em At the time of approving the financial siatements. the Trustees have a reasonable expectation that the Company has adequète resources to continue in operational exisience for ihe fo￿Seeab￿ future. Thus the Trustees continue to èdopt the going concern basis of a¢¢ountin8 in preparing the financial staiements. 1.3 Charltableluryls Unrestricted fund5 are avallable lor use at the dlscretion of the Trustees In furtherance of thelr charltable objectives. Restrl¢ted funds can On￿ bt for partieukr re5trirted purposes within the objects ol the charity. Restrictlons arlse when Specified by the donor or when funds are raised for è particular restricted purpose. 1.4 Income Cash donatlons are reco8nised on ￿ceIpt. Other donations are reco8nised once the Company has been notllied of the donation, unle55 perforrnance conditions ￿qUi￿ deferral of the amount. Income tsx recoverable in relation to donations received under Gift Aid or deed5 of £o¥enant is reco8nised at the time of the donation. le88¢ies are recognised on receipt or otherwise if the Compary has been notified of an impending distribution, the amount 15 known, and receipt 15 experted. If the amovnt is not known, the legacy is treated 35 a contingent 355et. 1.5 Expendlture Expenditure 15 reco8nised once there 15 a legal or constructive obligation to transfer economic benefit to a third partvi It 15 probable that a transfer of economic benefits will be required in settlemenL and the amount of the obliyption can be measured reliably. Expenditure is cla55ified by artNity. The c05t5 of each activrty are made up of the total of direct Costs and shared c05t5, including 5UPPOrt Costs involved in undertaking each actNty. Dirert C05t5 attributsble to a single actwity are allocated directly to that attivity. Shared t05ts whiih tontribute to more than one attivity and support costs whith ère not attributablÈ to a singlÈ attivity are apportK)ned between thtFSÈ artwitie5 on a ba515 tonsi5tent with the USÈ of rÈsourtÈs. Central staff costs are allotat￿ on the basis of time spent. and depreciation char8Ès are all￿ated on the portion of thÈ asset's use. THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinuedl 1.6 Tan8lble fixed assets Tangible fixed a55ets are initialty rnea5ured at cost and subsequently rnea5u￿d at C05t or valuation, net of depreciation and any impairment1055e5. Depreciation is recognised so as to write off the c05t or valuation of assets less their residual values over their useful lives on the following bases= Flxtures and fittinKs 33.33% on cost The gain or loss arising on the disposal of an asset is determiT*d as the difference between the sale proceeds and the carrying value of the asset, and is recogni5ed in the ststement of financial 3ctivit*s. 1.7 Impalrmerf olflxed assets At each reportin8 end date. the Cornpany reviews the carryin8 Jrnounts of it5 tsnEible a55et5 to deterrnine whether there 15 any in(Jication that those assets have suffered an impairment loss. 11 any such indication exi5t5, the recoverable mount of the asset is estirnated in order to deterrnir* the extent of the irnpairrnent loss lif anyl. 1.8 Cash and cash equlvalents Cash and cash equivalents in¢lude cash in hand. deposits held ai call wirh banks, other short-term liquid Investments wlth orlginal maturities of three months or less. and bank overdrafts. Bank overdrafts are shown wlthln borrowlngs In 1.9 Flnanclal In5trufflents The Company has elected to appty the provi5ion5 01 Section 11 'Bask Flnanclal Instruments, and Sectlon 12 '0ther Flnancial Instrurnents Issue5, of FRS 102 to all ol rf(s financial instrumert5. Flnancial instrumert5 are rewni5ed in the Cornpany's balance sheet when the Cornpany becomes party to the contractual provlsion5 of the instrurnent. Financial assets and liabilities are offset. with the net arnounts presented in the financial statements. when there 15 a legally enforceèble right to Set off the wognised amourbts and thefe bs an intelltion to settle ori a net ba515 or to reali5e the èsset ènd settle the li¥bility sirnultaneously. 8oskfin0nclu14￿ets Basic financial assets. which include debtors and cash and bank balances. are Initial￿ measured at transaction price including transaction costs and are sub5equeThtly carr*d at amortised cost using the effective interest method unle55 the arrangement constitute5 a financing tTan5artion, where the transaction is measured at the present value of the future receipt5 discounted at a market rate of interest. Financial assets cla55ified a5 rtteivable within one year are not amort15ed. THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinuedl Boskfinonciul Ilubllitles Basic financial Iièbilities. IncludSng credrLors and bank loans are initlally recognlsed at transa£tlon price unless the arrangement constitutes a financing transaction. where the debt instrument Is measured at the present value of the future payments discounted èt a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are sub5equenttycarried at amorti5ed c05t, usingthe effective Interest rate method. Trade creditors are obli8ations to paylor 8oods or 5ervice5 that have been acquired in the ordinary course of operation5 from Suppliers. Amount5 payable are cla55ified a5 current liabilities if payment is due within one year or le55. If not, they are preserited a5 non-current liabilitie5. Trade c￿dItOrS a￿ reco8nised inttially at transaction price and subsequently measured at arnorti5ed c05t Using the effective interest methotl. Derecoqnition ojfinonciulliobilities Financial liabilities are dereco8nised when the Compa￿5 contractual oblytions expire or are dischèr8ed or cancelled. 1.10 Taxatlon The Company 15 exempt from £orporntioN t•x on itstharit•ble ortivities. Income from donatlons and le8acles Unre5trlcted funds 2024 Restrfcted funds Z024 Total Unrestrfcted funds 2025 Restrlrted funds 2023 Total 2014 2023 Donations and gifts 281,640 45.415 327,055 337,010 70,090 407,100 10- THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expendlture on charltable actl¥ltles Relief of Relief of povertv, povertvi 5ickne5s and sickne55 and advancement advancement of education of educatioTh 2024 20Z3 Dlrect Costs Grant funding of activilles lsee note 41 304.484 462,670 Share ol support and governance costs (see note 51 Support Governance 1.352 2.732 3,489 3,690 308.568 469,849 Analy$l$ byfund Unrestricted funds Restricted lunds 263.153 45.415 353,254 116,595 308.568 469,849 Grants payable Rellef of Rellef of povertvt povertvi skkne55 and slrkne55 and advancernent advancement of e41u¢¥tlon of educatlon 2024 2023 Grants to Institutions.. Other 304,484 462,670 THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Support costs allocated to actlvltles 2024 2023 Insurance 1.601 1,439 449 Advert15in8 Sundries Governance costs 595 757 2,732 3,690 4.084 7,179 Analysed between: Relief of poverty, Sickness and advanrernent of education 4,084 7,179 2024 2023 Go¥trnaTh¢t costs ¢omprls•'. Independent examination 2,732 3,690 2.732 3,690 Trustees None of the Trustees lor any persons connetted with iheml received any remuneraiknn or beneflts from the Company durlng the year12023.. NIII. Employees The averaBe monthly number ol employees durin8 the yearwas.. 2024 2023 Number Number Total The￿ We￿ no efflployee5 whose arbnual remuneration wa5 more tharb £60,IXX). Taxatlon The charity 15 exempt frorn taxation on its activitie5 because all its irKoffle 15 applied for charitable purposes. 12_ THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Tanglble fixed assets FIAtures flttln8S At l January 2024 3,857 At 31 Decernber 2024 3,857 Oepreclatlon and Impalrment At l January 2024 3,856 At 31 Decernber 2024 3,856 C•rrylng amount At 31 December 2024 At 31 Decernber 2023 10 Deb¢or5 2024 20Z3 Amounts fallln¢ due wlthln one yo•r p￿payments and accwed income 22,501 11 Oth*r ¢rndltors fallln# dut wllhln ont year 2024 2023 Accruals and deferred income 2.400 2,400 12 Remtiffled funds The ￿$tritted funds of the charity comprise the unexpended balances ol donations and grants held on trust subject to speclflc condltlons by donors as to how ihey may be used. At I lamary 2024 Incomln8 Resources At 31 December expended 2024 RestrittÈd fund 494 45,415 145.4151 494 13- THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 12 Restrided lunds Icontinuedl Prevlous year: At I january 2023 In£omln8 resources ResourcÈs At 31 Decembe expended 2023 Restricted fund 46.999 70.OX) 1116.5951 494 13 Unrestrlrted funds The unrestricted funds of the chanty comprise the unexpended balances of donations and grants which are not subjett to specific conditions by donors and grantors as to how they may ￿ used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At I la￿ary 2024 Incomlni resources Resources At 31 December pended 2024 General funds 7.750 281.640 1263.1531 26.237 Prevlous year: At l January 2023 Incomlni Resources At 31 December empended 20Z3 General funds 23.994 337.010 1353.2541 7,750 14 Anatysls of net assets between funds Unres¢rkted funds Restrlrted fund5 Total 2024 2024 2024 At 31 Decembef 2024: Tangible assets 26.236 494 26,730 26.237 494 26,731 Unrestrlcted funds 2011 Restrlcted funds 2013 Total 2023 At 31 December 2013: Tangible a55ets Current aSsets1lliabilitiesl 7.749 494 8,243 7,750 494 8,244 14_ THE BRITISH FRIENDS OF THE JAFFA INSTITUTE NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 15 Related party transattlons There were no di5closable related party transaction5 durinz the year12023- none). 16 Llmlted by Guarantee The Company is limited by guarantee. and every mem￿1 promises that if the Charity is di5501ved while he or she remains a mernber, or within twel¥e months afterward5, to contribute up to £1 towards the cost of dissolution of the liabilities incurred by the Charity_ 15- Document Activity Report Documènt Sent Tue, 24 Jun 2025 07:57'.51 GMT Documènt Approval Status Approved Approval A¢tlvlty Summary Geoffrey Jayson Approve(I Wed. 02 Jul 2025 11:58.57 GMT Document Activity History Document history shows most recent activity first Dat• Activlty Wed, 02 Jul 2025 11'.57.'37 GMT Geoffrey Jayson viewed ihe dc￿uMent You c4n verify that this is a genuine Portal