Charity registration number 1110425
Company registration number 05362994 (England and Wales)
JEWS FOR JESUS
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
JEWS FOR JESUS
LEGAL AND ADMINISTRATIVE INFORMATION
Board of Directors
The directors who held office as at 31 December 2023 were:
Trustees
A Abramson (Chairman)
H Cheatle
G Philip
J Crawford (Secretary)
P Beresford
Key Management
UK Director
B Skvortsow
Advisory Boards
Council of Reference
M Goldsmith
L Bowring
C Bowing
S Gaukroger
J Lamb
M Greene
J John
R T Kendall
F Forster
J Steinberg
Jews For Jesus European Board
F Varak
(Chair)
D Brickner
(Ex officio Board member)
S Perlman
D Sered
(Ex officio Board member)
A Abramson
(Ex officio Board member)
H Rietveld
R Lorenz
J Cooke
A Kapocs
K D Passon
P Beresford
(Ex officio Board member)
Charity number
1110425
Company number
05362994
JEWS FOR JESUS
LEGAL AND ADMINISTRATIVE INFORMATION
Registered office
20 Ambleside Road
Sompting
Lancing
United Kingdom
BN15 9SE
Auditor
Caladine Limited
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
Bankers
HSBC
789 High Road
North Finchley
London
N12 8JX
Solicitors
Wellers Law Group LLP
65 Leadenhall Street
London
EC3A 2AD
Investment advisors
Epworth Investment Management
9 Bonhill Street
London
EC2A 4PE
JEWS FOR JESUS
CONTENTS
Page
Trustees' report
1 - 5
Independent auditor's report
6 - 8
Statement of financial activities
9
Statement of financial position
10
Statement of cash flows
11
Notes to the financial statements
12 - 24
JEWS FOR JESUS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 1 -

The trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the trust's Memorandum and Article of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The principal objectives of the trust are:

 

 

The Charity aims to achieve its objectives through contacts within the Christian and wider community.

Public benefit

Our Mission Statement is as follows (revised 2018):

 

We relentlessly pursue God’s plan for the salvation of the Jewish people. (https://jewsforjesus.org/publications/ newsletter/newsletter-jan-2018/what-will-you-refresh-in-the-new-year/)

 

Our desire is to share the message of Jesus with the Jewish people wherever they may be found. We do this through various formats and forums:

 

Evangelistic Literature production

Witnessing to Jewish people in public and at events Individual and group Bible study

Music and Drama

Services and religious celebrations

 

A bi-product of our work is that we inform and educate the Christian church to the Jewish cultural background of their faith.

 

We do this through:

 

Speaking at Church services

Holding Jewish contextualised services Training events

Providing literature

 

The outcomes of our work are that:

 

Jewish people gain an accurate understanding of who Jesus is, and Christians gain an understanding as to the Jewish roots and meaning of their faith.

 

The trustees have complied with the duty in section 17 of the Charities Act 2011 in having regard to guidance published by the Charity Commission concerning public benefit, and believe that their Mission Statement and work are for the public benefit.

Achievements and performance

We have much to be thankful for. We’ve been encouraged to see what God has done in 2023. We have continued to see an increase in our ministry to Jewish people, ministering to 2,322 new Jewish people (127% increase), 548 visits with Jewish people (17% increase), had 1,214 Gospel conversations (31% increase), and had 1,100 Jewish people attend our 144 events we held in 2023 (66% increase from 2022.

JEWS FOR JESUS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 2 -

Our work with Israelis has continued to grow and have therefore increased events and gatherings to build relationships and a community network with them. We were able to provide visitor accommodation and support for stranded Israelis unable to fly home to Israel immediately after the October 7th attacks. This was a time of solemn unity and compassion. The ‘Shevet ‘ministry house has been a source of support and encouragement at this difficult time. Overall, building community as an expression of our faith has proven to be a successful pattern of relational evangelism.

 

The ministry among the English Jewry is progressing well as our staff engage in meaningful discussions about the scriptures with Jewish people. Their work focuses primarily on one-to-one interactions with Jewish seekers as well as connecting with Jewish people in group settings. Establishing relationships in the British context remains challenging and complex and we are still exploring effective approaches.

 

The team has seen the impact of antisemitism in the UK that has been increasing since the October 7th attacks in Israel. Although this has been difficult it has provided opportunities for both our Israeli and English staff to support Jewish people experiencing antisemitism as well as attend gatherings with other Jewish families seeking the release of Israeli hostages still being held.

 

The house we began renting in 2021 had been very popular as a community meeting place for Jewish Israelis. Some of the events hosted there were for mums; women; dads; family meetups; holiday events; Shabbat meals; kid’s activities; lectures; music and arts; Hebrew book exchange; kids story time; kids craft club; and many one-on-one meetings. Using a property as a mission house proved successful and in 2023, we moved to a larger property to grow the work and accommodate the ever-increasing numbers of participants.

Principal Risks and Uncertainties

The Board and Leadership Team complete extensive reviews of the risk register at each Board meeting. The risk register continues to be a means for the Board not only to identify risk but also as an effective means to prioritise and mitigate risk wherever possible.

 

Fundraising resourcing had been supported by the USA Philanthropy team during 2023 and was strengthened through restructuring the UK admin team. The Charity continues its strategy of more church engagement and working on a communications strategy. The Charity also acknowledges legacy giving is a decreasing area of funding. Each real estate legacy has the potential to significantly support the Charity in its aims.

Safeguarding, for both staff and those the Charity is aiming to reach with the gospel, is of paramount importance to us. Annual review and updating of the safeguarding policy and procedures by both the Human Resource department and European Administration is ongoing. In light of the increased antisemitism seen in Q4 2023, additional security measures were put in place for the mission house.

Staff wellbeing is paramount to the Charity, particularly during Q4 of 2023, due to working in intense and demanding environments over a sustained period of time. As a consequence of ministry growth throughout 2023, adequate staffing levels are being carefully monitored. The Charity recognizes staff require consistent professional and pastoral support and it monitors this through occupational health and safety.

In respect of finances, the potential likelihood of increases in costs due to macroeconomics within the UK such as higher inflation throughout 2023, is recognized and measures taken to mitigate these. The international Philanthropy and administration teams are working with the Trustees to mitigate income risks. The Charity’s financial sustainability objective continues to focus on income growth and operational efficiency.

The Charity uses a sophisticated global IT network that is rolled out to all the sister organisations. The UK Data Protection Officer reports directly to the operational UK Director and an additional external service provider is scheduled to review and support the UK IT function by Q2 2024.

 

The values and conduct of the Charity’s employees and Trustees is integral to Jewish Messianic mission.

Financial review

There was a surplus on the unrestricted funds for the year of £105,155 (2022: surplus of £217,807)

JEWS FOR JESUS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 3 -

The Mission believes in the grace of God to provide for its financial needs as they fall due through the giving of its supporters. In principle the Mission believes that monies given should be utilised for the furtherance of the Gospel of Jesus as soon as is practical and consistent with an orderly and responsible stewardship of the funds and the work of the Mission. The Trustees believe that a level of free reserves (after setting aside funds restricted or set aside for specific projects or invested in fixed assets) equal to at least 15% to 50% of its annual core operating costs. The Trustees believe a level of free reserves of £150,000 should be sufficient and reserves are set aside for this purpose in the Legacy Reserve Fund.

All of the Charity's monies are invested with recognised financial institutions. The Trustees have delegated the management of the charity's investment portfolio to Epworth Investment Management.

 

The charity seeks to obtain the highest possible returns consistent with a cautious attitude to risk and short term availability of such monies. During the year, the investments made net realised and unrealised gains of £50,188 (2022: loss of £168,635). Income received from the investments amounted to £25,269 (2022: £29,780).

The trustees have assessed the major risks to which the trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Plans for future periods

Over the next 2-5 years, we plan to continue reaching out to Israelis and the English Jewry, implementing a relational ministry approach.

 

Building on the success and impact of the ‘Shevet’ ministry house within the Israeli community, we plan to:

 

As ministry opportunities grow, we hope to hire at least 2 more missionary staff and second administrator to increase our reach.

 

After the success we have seen renting a house to use for Israeli gatherings in North London, we hope to purchase a ‘Shevet’ ministry house within the next two years. This will release us from tenancy restrictions, allow us to modify the premises and may reduce overall costs, while keeping an appreciating asset.

Structure, governance and management

Jews For Jesus is a charity and a company limited by guarantee, does not have any share capital, and is governed by a Memorandum and Articles of Association. The Charity registration number, the names of the Trustees, other relevant addresses and those of our advisors are listed on the information page of these accounts.

 

The Trustees are responsible for decisions related to the strategic direction of the Charity together with those that relate to exceptional financial or reputational risk. The Trustees hold three comprehensive meetings each year to monitor the progress of the Charity and liaise on material matters with one another and operational management in the periods between meetings. In addition, a budget review is approved annually.

 

Day to day operational management rests with the principal officer detailed on the information page, and senior personnel from Jews For Jesus sister organisations located globally. They are responsible directly to the Trustees. The European Board is an advisory board, consisting of each country’s Jews For Jesus chairman and other global key executives. They review operational matters worldwide and report up to each Trustee Board. The European Board ensures the UK Charity is aligned globally. The UK Charity works particularly closely with its counterparts in the United States of America, France, Germany, and more recently, Israel.

 

The Council of Reference offers expertise and experience, informing and encouraging ministry and advocating the mission and vision of the Charity.

JEWS FOR JESUS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 4 -

With a focus on promoting Israeli ministry, since the appointment of Boris Skvortsov in June 2022, the UK charity has served as a testing ground for new methods of engagement with Israelis, leveraging the growing acceptance within the UK Israeli diaspora of Jews for Jesus' Jewish roots. The UK team continues to explore new projects, expand prayer networks, and pursue opportunities. Dale Lambert, formerly the UK Administrative Director, was appointed European Administration Director on 22 Oct 2022. The new role has enhanced UK operations through joined-up global insights when reporting to the UK Trustee Board.

 

The Charity makes donations to overseas operations to further the objectives of the Charity.

 

Pay and remuneration for key personnel are reviewed by the Trustees annually in the light of inflation and other relevant factors.

 

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

 

A Abramson (Chairman)
F Blum
(Resigned 23 January 2023)
H Cheatle
I Howard
(Resigned 23 January 2023)
G Philip
J Crawford (Secretary)
P Beresford

Messrs F Blum and I Howard served as Trustees for eleven years and three months and two years and nine months respectively. The Board takes this opportunity to formally thank them for their stewardship and dedication to the furtherance of Messianic mission with Jews For Jesus.

 

Similarly, the Trustees wish to thank Dr. Richard Harvey for his commitment and service to Jews For Jesus spanning five decades. He helped shape the UK Charity in its seedling days, and during different stages he served in various roles: as a missionary; Trustee; the operational UK Director leading the London team; and as the in-house scholar until his leaving in November 2023.

 

P Beresford served as Chairman during the year and resigned from the position on 22 September 2023 and remained in his capacity as a Trustee. A Abramson was appointed as the new Chairman on 22 September 2023.

 

Trustees with suitable spiritual understanding are appointed by majority vote at the annual general meeting. Appropriate training and induction is given.

 

The European Board and Trustees who served during the year are set out on the information page.

Charity Governance Code

The Trustees confirm their commitment to principles of good governance through the main premise of the Charity Governance Code of apply or explain. The Trustees adopt a Declaration and Principles of Trustee Conduct which includes a commitment to good governance and to act with integrity and confirmation that they understand their roles and legal responsibilities and have understood the Charity Commission’s guidance, The Essential Trustee (CC3).

Asset cover for funds

Notes 22 and 23 set out an analysis of the assets attributable to the various funds and a description of the trusts. These assets are sufficient to meet the charity's obligations on a fund by fund basis.

JEWS FOR JESUS
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 5 -
Statement of Trustees' responsibilities

The trustees, who are also the directors of Jews For Jesus for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

 

Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

 

In preparing these financial statements, the trustees are required to:

 

- select suitable accounting policies and then apply them consistently;

 

- observe the methods and principles in the Charities SORP;

 

- make judgements and estimates that are reasonable and prudent;

 

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in operation.

 

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the trust and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

In accordance with the company's articles, a resolution proposing that Caladine Limited be reappointed as auditor of the company will be put at a General Meeting.

Disclosure of information to auditor

Each of the trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' report was approved by the Board of Trustees.

A Abramson (Chairman)
Trustee
Dated: 13 September 2024
JEWS FOR JESUS
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF JEWS FOR JESUS
- 6 -

Opinion

We have audited the financial statements of Jews For Jesus (the ‘trust’) for the year ended 31 December 2023 which comprise the statement of financial activities, the statement of financial position, 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 preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

-

give a true and fair view of the state of the charitable company's affairs as at 31 December 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the trust in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 30 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the trust’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

 

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

-

the information given in the Trustees' report for the financial year for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

-

the directors' report included within the Trustees' report has been prepared in accordance with applicable legal requirements.

JEWS FOR JESUS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF JEWS FOR JESUS
- 7 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the trust and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

-

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-

the financial statements are not in agreement with the accounting records and returns; or

-
certain disclosures of trustees' remuneration specified by law are not made; or
-

we have not received all the information and explanations we require for our audit; or

-

the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a strategic report.

Responsibilities of trustees

As explained more fully in the statement of Trustees' responsibilities, the trustees, who are also the directors of the trust for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the trust’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

The extent to which the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

 

JEWS FOR JESUS
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF JEWS FOR JESUS
- 8 -

We assessed the susceptibility of the trust's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

 

Audit response to risks identified

To address the risk of fraud through management bias and override of controls, we:

 

 

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

 

 

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

 

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Mr Colin James Dadswell FCCA (Senior Statutory Auditor)
for and on behalf of Caladine Limited
16 September 2024
Chartered Certified Accountants
Statutory Auditor
Chantry House
22 Upperton Road
Eastbourne
East Sussex
BN21 1BF
JEWS FOR JESUS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
- 9 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
Notes
£
£
£
£
£
£
Income from:
Donations and legacies
3
1,038,017
67,470
1,105,487
1,243,546
-
1,243,546
Charitable activities
4
4,533
-
4,533
2,328
-
2,328
Other trading activities
5
8,571
-
8,571
33,039
-
33,039
Investments
6
19,132
8,239
27,371
20,937
9,631
30,568
Total income
1,070,253
75,709
1,145,962
1,299,850
9,631
1,309,481
Expenditure on:
Raising funds
7
58,232
1,955
60,187
54,972
-
54,972
Charitable activities
8
918,127
75,396
993,523
912,319
342
912,661
Total expenditure
976,359
77,351
1,053,710
967,291
342
967,633
Net gains/(losses) on investments
13
33,934
16,254
50,188
(114,752)
(53,883)
(168,635)
Net income
127,828
14,612
142,440
217,807
(44,594)
173,213
Transfers between funds
22
(22,673)
22,673
-
-
-
-
Net movement in funds
105,155
37,285
142,440
217,807
(44,594)
173,213
Reconciliation of funds:
Fund balances at 1 January 2023
1,333,704
314,584
1,648,288
1,115,897
359,178
1,475,075
Fund balances at 31 December 2023
1,438,859
351,869
1,790,728
1,333,704
314,584
1,648,288

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

JEWS FOR JESUS
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023
31 December 2023
- 10 -
2023
2022
Notes
£
£
£
£
Fixed assets
Property, plant and equipment
14
6,489
8,038
Investment property
15
300,000
-
Investments
17
1,017,523
934,491
1,324,012
942,529
Current assets
Inventories
18
6,500
7,923
Trade and other receivables
19
61,488
398,016
Cash at bank and in hand
425,901
338,611
493,889
744,550
Current liabilities
20
27,173
38,791
Net current assets
466,716
705,759
Total assets less current liabilities
1,790,728
1,648,288
The funds of the trust
Restricted income funds
22
351,869
314,584
Unrestricted funds
23
1,438,859
1,333,704
1,790,728
1,648,288
The financial statements were approved by the trustees on 13 September 2024
A Abramson (Chairman)
P  Beresford
Trustee
Trustee
Company registration number 05362994 (England and Wales)
JEWS FOR JESUS
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 11 -
2023
2022
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
28
394,877
38,563
Investing activities
Purchase of property, plant and equipment
(2,114)
(4,851)
Purchase of investment property
(300,000)
-
Purchase of other investments
(848,152)
(72,400)
Proceeds on disposal of other investments
815,308
10,780
Investment income received
27,371
30,568
Net cash used in investing activities
(307,587)
(35,903)
Net cash used in financing activities
-
-
Net increase in cash and cash equivalents
87,290
2,660
Cash and cash equivalents at beginning of year
338,611
335,951
Cash and cash equivalents at end of year
425,901
338,611
JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
- 12 -
1
Accounting policies
Company information

Jews For Jesus is a charitable company limited by guarantee incorporated in England and Wales. The registered office is 20 Ambleside Road, Sompting, Lancing, BN15 9SE, United Kingdom.

1.1
Accounting convention

The financial statements have been prepared in accordance with the trust' Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The trust is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention, modified to include the revaluation of fixed asset investments and inventories at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4
Income
Income is recognised when the trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Assets given for use by the trust are recognised when receivable.

1.5
Expenditure

Expenditure is recognised on an accruals basis as a liability as incurred and is apportioned to the appropriate cost centre.

JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies (Continued)
- 13 -
1.6
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation of tangible fixed assets is provided at rates, which are calculated to write off the cost of the assets over their anticipated useful life, as follows:
Leasehold improvements
20% on cost (fully depreciated)
Computer equipment
33.33% on cost
Office, fixtures and equipment
20% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Items costing less than £500 are not capitalised.

1.7
Investment property

The investment property was left to Jews For Jesus as part of an Estate in 2022. The fair value of the legacy was recognised within other receivables in the 2022 financial statements. When the property was conveyed across in 2023, the fair value of the property was transferred to investment property. Investment property are held to earn rentals and/or for capital appreciation. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit or loss.

1.8
Non-current investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.9
Impairment of non-current assets

At each reporting end date, the trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.10
Inventories

Stock of products are valued at cost less provision for slow moving and obsolete items.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

1.11
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.12
Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Basic financial assets include trade and other receivables and cash and bank balances. Basic financial liabilities including trade and other payables where trade payables are obligations to pay for goods or services that have been acquired on the ordinary course of operations from suppliers.

JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
1
Accounting policies (Continued)
- 14 -
1.13
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the trust is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

The trust operates a defined contributions pension scheme. Contributions are charged in the financial statements as they become payable in accordance with the rules of the scheme.

1.15
Foreign exchange
Assets and liabilities in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the result for the year.
1.16

Corporation Tax and VAT

The trust has charitable status and the trustees believe is exempt from Corporation Tax on the income it has received as it is all for the furtherance of its charitable objects. The trust is not registered for VAT. Accordingly the expenditure in the Statement of Financial Activities includes VAT if charged.

2
Critical accounting estimates and judgements

In the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities 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 estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Donations and gifts
Unrestricted
Restricted
Total
Unrestricted
funds
funds
funds
2023
2023
2023
2022
£
£
£
£
Donations and gifts
1,004,925
67,470
1,072,395
862,222
Legacies receivable
23,092
-
23,092
374,324

Other grants

10,000
-
10,000
7,000
1,038,017
67,470
1,105,487
1,243,546
JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
3
Donations and gifts (Continued)
- 15 -
2023
2023
2023
2022
£
£
£
£
Donations and gifts
Donations from individuals
499,273
66,970
566,243
426,014
Regular Church support
41,522
-
41,522
36,607
Donations at Church meetings
13,144
500
13,644
10,887
Gift Aid recovered
79,951
-
79,951
61,448
Jews For Jesus International income
371,035
-
371,035
327,266
1,004,925
67,470
1,072,395
862,222
4
Charitable activities
2023
2022
£
£

Sales of products

4,533
2,328
5
Income from other trading activities
Unrestricted
Unrestricted
funds
funds
2023
2022
£
£

Rental income (Hendon)

8,571
33,039
6

Investments

Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£

Dividends receivable

17,119
8,150
25,269
20,149
9,631
29,780
Interest receivable
2,013
89
2,102
788
-
788
19,132
8,239
27,371
20,937
9,631
30,568
JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 16 -
7
Expenditure on raising funds
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
£
£
£
£
£
£
Fundraising and publicity

Newsletter and mailings

51,431
-
51,431
53,338
-
53,338

Promotion and advertising

2,699
-
2,699
717
-
717
54,130
-
54,130
54,055
-
54,055
Investment management
4,102
1,955
6,057
917
-
917
Total costs
58,232
1,955
60,187
54,972
-
54,972
8
Charitable activities
2023
2022
£
£
Staff costs
476,881
406,958
Depreciation and impairment
3,662
3,723

Staff life insurance

381
411

Missionary travel, accommodation and subsistence

48,299
54,066

Rent and lease premium

78,637
78,162

Service charge and maintenance

6,277
1,492

Light, heat, rates and water

7,122
4,673

Insurance

3,612
4,322

Outside office services

119,926
146,336

Other evangelism costs

28,435
31,581

Subscriptions

4,289
3,138
777,521
734,862
Grant funding of activities (see note 9)
59,277
54,185
Share of support costs (see note 10)
128,624
93,359
Share of governance costs (see note 10)
28,101
30,255
993,523
912,661
Analysis by fund
Unrestricted funds
918,127
912,319
Restricted funds
75,396
342
993,523
912,661
JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 17 -
9
Grants payable
2023
2022
£
£
Grants to institutions:
Funding of Jews for Jesus missionaries abroad
59,277
54,185
10
Support costs allocated to activities
2023
2022
£
£
Staff costs
90,902
64,024
Printing, postage and stationery
19,428
13,646
Telephone and internet
4,488
6,990
Bank and credit card charges
5,940
5,035
Equipment repairs and renewals
2,365
254
Support training
4,932
2,816
Sundry
569
594
Governance costs
28,101
30,255
156,725
123,614
Analysed between:
Charitable activities
156,725
123,614
2023
2022
Governance costs comprise:
£
£
Audit fees
3,840
3,840
Legal and professional
4,785
8,427
Accountancy and payroll
5,076
3,588
Bookkeeping
14,400
14,400
28,101
30,255
11
Trustees

Patrick Beresford received £57,595 (2022: £72,929) for consultancy services in the year. His wife received £2,153 (2022: £5,005) for consultancy services in the year. The authority fir these payments is contained within the Charity's Memorandum and Articles of Association.

 

The Charity also reimbursed trustee's travelling and lodging expenses of £1,689 (2022: £1,521) during the year.

JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 18 -
12
Employees

The average monthly number of employees during the year was:

2023
2022
Number
Number
Missionaries
8
9
Support
2
1
Total
10
10
Employment costs
2023
2022
£
£
Wages and salaries
461,429
394,218
Social security costs
42,484
39,431
Other pension costs
63,870
37,333
567,783
470,982

 

The number of employees whose annual remuneration was £60,000 or more were:
2023
2022
Number
Number
£60,000 - £69,999
2
-
13
Gains and losses on investments
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2023
2023
2023
2022
2022
2022
Gains/(losses) arising on:
£
£
£
£
£
£
Revaluation of investments
12,058
6,050
18,108
(112,250)
(53,883)
(166,133)
Sale of investments
21,876
10,204
32,080
(2,502)
-
(2,502)
33,934
16,254
50,188
(114,752)
(53,883)
(168,635)
JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 19 -
14
Property, plant and equipment
Leasehold improvements
Computer equipment
Office, fixtures and equipment
Total
£
£
£
£
Cost
At 1 January 2023
120,412
23,943
22,810
167,165
Additions
-
1,240
874
2,114
Disposals
(120,412)
(2,415)
(21,963)
(144,790)
At 31 December 2023
-
22,768
1,721
24,489
Depreciation and impairment
At 1 January 2023
120,412
16,569
22,147
159,128
Depreciation charged in the year
-
3,493
169
3,662
Eliminated in respect of disposals
(120,412)
(2,415)
(21,963)
(144,790)
At 31 December 2023
-
17,647
353
18,000
Carrying amount
At 31 December 2023
-
5,121
1,368
6,489
At 31 December 2022
-
7,374
664
8,038
15
Investment property
2023
£
Fair value
At 1 January 2023
-
Additions
300,000
At 31 December 2023
300,000

 

16
Events after the reporting date

On 16 December 2022, Jews for Jesus were notified that the property 13 Shaftsbury Road, Canterbury, Kent, CT2 7LE had been left to the charity as a legacy by one of its donors. The charity received the property in October 2023 and is held as an investment property within the financial statements (note 15). The Trustees resolved to sell the property with the sale being completed on 3 May 2024 for £305,000.

JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 20 -
17
Fixed asset investments
Listed investments
£
Cost or valuation
At 1 January 2023
934,491
Additions
848,152
Valuation changes
18,108
Disposals
(783,228)
At 31 December 2023
1,017,523
Carrying amount
At 31 December 2023
1,017,523
At 31 December 2022
934,491
Fixed asset investments revalued

All fixed assets investments are publicly traded and held at fair value at the balance sheet date.

18
Inventories
2023
2022
£
£
Finished goods and goods for resale
6,500
7,923

Stock represents books, CDs and DVDs for resale.

19
Trade and other receivables
2023
2022
Amounts falling due within one year:
£
£
Other receivables
55,625
377,051
Prepayments
5,863
20,965
61,488
398,016

 

JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 21 -
20
Current liabilities
2023
2022
Notes
£
£
Deferred income
-
3,013
Trade payables
4,087
4,445
Other payables
14,133
20,323
Accruals
8,953
11,010
27,173
38,791
21
Retirement benefit schemes
Defined contribution schemes

The trust operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the trust in an independently administered fund.

The charge to the statement of financial activities represents contributions payable by the Trust to the fund and amounted to £63,870 (2022: £37,333).

22
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January 2023
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 December 2023
£
£
£
£
£
£
Old Building fund
218,718
20,801
(1,555)
-
11,453
249,417
New Building fund
95,866
2,438
(653)
-
4,801
102,452
Israeli Crisis Relief fund
-
52,470
(75,143)
22,673
-
-
314,584
75,709
(77,351)
22,673
16,254
351,869
Previous year:
At 1 January 2022
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 December 2022
£
£
£
£
£
£
Old Building fund
250,153
6,784
(241)
-
(37,978)
218,718
New Building fund
109,025
2,847
(101)
-
(15,905)
95,866
359,178
9,631
(342)
-
(53,883)
314,584
JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
22
Restricted funds (Continued)
- 22 -

Old Building Fund

This original appeal was utilised to raise funds to purchase a building in Camden Town for the European Headquarters. Upon its sale in 2014 the original donated money and the gain on sale relating to the restricted giving constituted the fund balance for alternative building accommodation. This was invested and the fund includes the subsequent investment income and gains and losses.

 

New Building Fund

This fund was established to raise monies to acquire new premises in London for offices and housing for missionaries to enable them to carry out pastoral and evangelistic duties more effectively.

 

Israeli Crisis Response fund

This fund represents monies given by Jews for Jesus donors to help aid those effected by the conflict between Israel and Hamas. The money is used to provide care packages, food and other necessities as well as providing housing to those who have been misplaced as a result of the violence. The transfer from general funds meets the deficit in the year.

23
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January 2023
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 December 2023
£
£
£
£
£
£
Legacy reserve
562,755
6,741
(1,807)
15,078
13,281
596,048
General funds
770,949
1,063,512
(974,552)
(37,751)
20,653
842,811
1,333,704
1,070,253
(976,359)
(22,673)
33,934
1,438,859
Previous year:
At 1 January 2022
Incoming resources
Resources expended
Transfers
Gains and losses
At 31 December 2022
£
£
£
£
£
£
Legacy reserve
259,128
7,565
(280)
336,981
(40,639)
562,755
General funds
856,769
1,292,285
(967,011)
(336,981)
(74,113)
770,949
1,115,897
1,299,850
(967,291)
-
(114,752)
1,333,704

Legacy Reserve Fund

This is a designated fund setting aside monies received by legacies as a reserve fund in accordance with Charity Commission best practice. The transfers into the fund in 2022 represents legacies received during the year.

JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 23 -
24
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
Fund balances at 31 December 2023 are represented by:
Property, plant and equipment
6,489
-
6,489
Investment properties
300,000
-
300,000
Investments
687,086
330,437
1,017,523
Current assets/(liabilities)
445,284
21,432
466,716
1,438,859
351,869
1,790,728
Unrestricted
Restricted
Total
funds
funds
2022
2022
2022
£
£
£
Fund balances at 31 December 2022 are represented by:
Property, plant and equipment
8,038
-
8,038
Investments
635,169
299,322
934,491
Current assets/(liabilities)
690,497
15,262
705,759
1,333,704
314,584
1,648,288
25
Operating lease commitments
Lessee

At the reporting end date the trust had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

2023
2022
£
£
Within one year
61,800
44,575
Between two and five years
25,750
-
87,550
44,575
26
Associated charities

Jews for Jesus (UK) works closely with its counterparts in the United States of America (Jews for Jesus (USA)), France, Germany, Israel, Switzerland and Ukraine.

JEWS FOR JESUS
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
- 24 -
27
Related party transactions
Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2023
2022
£
£
Aggregate compensation
145,997
121,736

The trust is effectively controlled by the Trustees in liason with the European Board subject to the ultimate oversight of Jews for Jesus USA (a non profit organisation, US charter number 00689209).

 

Donations to UK missionaries from the USA are sent to Jews for Jesus UK and vice versa. The balance owed from Jews for Jesus USA at 31 December 2023 was £26,976 (2022: £20,886).

 

There are various transactions with other Jews for Jesus organisations throughout the world for which disclosure is considered not material.

28
Cash generated from operations
2023
2022
£
£
Surplus for the year
142,440
173,213
Adjustments for:
Investment income recognised in statement of financial activities
(27,371)
(30,568)
(Gain)/loss on disposal of investments
(32,080)
2,502
Fair value gains and losses on investments
(18,108)
166,133
Depreciation and impairment of property, plant and equipment
3,662
3,723
Movements in working capital:
Decrease/(increase) in inventories
1,423
(1,120)
Decrease/(increase) in trade and other receivables
336,529
(277,949)
(Decrease)/increase in trade and other payables
(8,605)
9,131
(Decrease) in deferred income
(3,013)
(6,502)
Cash generated from operations
394,877
38,563
29
Analysis of changes in net funds

The trust had no material debt during the year.

30
Non-audit services provided by auditor

In common with many charities of our size and nature we use our auditor to assist with the preparation of the financial statements, management accounts, bookkeeping and payroll services.

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