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← B'nai B'rith United Kingdom

2024-12-31-accounts

Company registered number: 03328487 Charity registered number: 1061661

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

(A company limited by guarantee and registered charity)

B'NAI B'RITH UNITED KINGDOM

CONTENTS

Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 5
Trustees' responsibilities statement 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 20

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees Mr Alan Miller, National President Mrs Eve Swabe Mr Paul Solomon CA, Treasurer Company registered number 03328487 Charity registered number 1061661 Registered office Kingston Burrowes Audit Ltd 308 Ewell Road Surbiton Surrey KT6 7AL Company secretary Lynne Lucas Independent Examiner Kingston Burrowes Audit Ltd Statutory Auditor 308 Ewell Road Surbiton Surrey KT6 7AL Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Page 1

(A company limited by guarantee and registered charity)

B'NAI B'RITH UNITED KINGDOM

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees, who are also Directors of the Charity for the purpose of the Companies Act 2006, present their annual report together with the financial statements of B’nai B’rith United Kingdom for the year 1 January 2023 to 31 December 2023.

The Annual Report serves the purposes of both a Trustees' report and a Directors' Report under company law. The Trustees confirm that the Annual Report and financial statements of the Charitable Company comply with the current statutory requirements, the requirements of the Charitable Company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities for the public benefit

a. Purpose and objectives

The purpose and objectives of the Charity, as per its Memorandum and Articles of Association, are:

In setting objectives and planning for current and future activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Activities and achievements

a. Main activities undertaken to further the Charity's purposes for the public benefit

The main activities undertaken in relation to Charity’s purpose as per its governing document and in the furtherance of public benefit are reviewed below.

Since gaining independence from B'nai B'rith Europe, the Charity has returned to its pre 1999 status of being District 15 of B'nai B'rith International, based in Washington DC, USA. Founded in 1843 and with members in over 50 countries, B’nai B’rith is recognised as one of the world’s largest organisations focusing on defending human rights, encouraging community action and carrying out humanitarian work.

B'nai B'rith UK (BBUK) acts as an umbrella organisation for its eight Lodges plus the National Members that do not belong to individual Lodges, resulting in approximately 430 members.

Additionally, BBUK runs a monthly programme of online Zoom meetings, the Bureau of International Affairs is planning many in-person events and the Heritage and Culture programme has been very active across the UK. These events are for all members. Fundraising during 2023 continued at a high level as the Charity gave specific aid to the refugees created by the wars in Ukraine and Israel. This was in addition to our ongoing commitments in both countries.

Page 2

(A company limited by guarantee and registered charity)

B'NAI B'RITH UNITED KINGDOM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Activities and achievements (continued)

b. Main achievements

The main achievements of the Charity in the year have been discussed below:

London Bureau of International Affairs

The Bureau has continued to engage with diplomats via the zoom platform and has brought a number of high level diplomats to the membership via on-line talks with Q&A sessions.

Humanitarian work in Israel

Fund raising has continued at previous levels to help disadvantaged individuals and families in the township of Qiryat Gat.

Humanitarian work in Ukraine

Due to our close personal contacts in Ukraine, we were able to prepare an emergency fundraising appeal as soon as the Russian invasion commenced. Record sums were raised and used as follows:

Kyiv – Our current efforts are with the Medicines Programme supplying medical support to, and the provision of, medicines to elderly and vulnerable people in Kyiv.

Chernivtsi - To help the B'nai B'rith Lodge of Chernivtsi cope with the vast numbers of traumatised refugees entering the city. Food, clothing, shelter, and general provisions.

Tikvah Children’s Home, relocated from Odessa to Romania - Provision of 500 pairs of shoes for children (500 pairs in 2023).

Membership

Although membership continues to decline, a number of other Lodges continue to flourish and attract new members.

Financial review

a. Financial results

The Charity has a number of restricted and endowment funds, including the Schiff Fund and the Rothschild Fund. The use of the Schiff fund is unrestricted and is used to support and supplement the work of the Charity. The Rothschild Fund is restricted to helping Jewish undergraduate students.

We received two legacies during the year totalling £237,691 which have made a substantial impact on our funds. Donations from it amounting to £22,000 have been made and further beneficiaries are currently being considered.

During the year to 31 December 2024, the Charity received income of £321,460 (2023: £98,391). Income was derived from donations and investment income received. Total expenditure was £151,181 (2023: £131020). Investment gains were £30,049 (2023: £3,566). The net gain for the year was £193,328 (2023: loss of £29,063). As at the 31 December 2024, the Charity held unrestricted general reserves of £274,826 (2023: £67,832), restricted funds of £177,105 (2023: £177,105) and endowment funds of £318,676 (2023: £312,389).

Page 3

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

b. Financial risk management

The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

c. Reserves policy

Reserves are needed to bridge the gap between spending and receiving income to meet commitments. The Trustees consider that an ideal level of unrestricted reserves is £60,000, being at least six months average expenditure. The Charity continues to monitor this position.

d. Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

Structure, governance and management

a. Constitution and organisational structures

The Charity was incorporated on 6th March 1997 and is a Company Limited by Guarantee registered with the Registrar of Companies for England and Wales (Registration number 03328487) and is a Charity registered with the Charity Commission (Registration number 1061661). The Charity is governed by its Memorandum and Articles of Association, updated 12 August 2021. In the event of the Company being wound up, members are required to contribute an amount not exceeding £1. Trustees’ liability and indemnity insurance was in force throughout the year to cover the trustees and officers of the charity against action brought against them in their personal capacity. Neither the insurance nor the indemnity provide cover where the individual has acted fraudulently or dishonestly.

The names of trustees at the date the report was approved and the names of trustees who served in the year are detailed in the Charity Information on page 1.

The Charitable Company operates in association with six branches (lodges) throughout the United Kingdom, each with a President who reports on their activities. The Company itself has a President, Vice President (currently vacant), Honorary Treasurer and Mentor to the President, all of whom are Trustees. Further individuals provide leadership for the Charity’s operations covering the following areas: human rights, humanitarian work in Israel, humanitarian work in Ukraine, Jewish culture and heritage and publicity.

There are 38 national members who are encouraged to joint the National Programme which includes the monthly zoom presentations and all other activities such as the in-person talks and events.

Page 4

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

Structure, governance and management (continued)

b. Recruitment and appointment of Trustees

The Trustees are elected under the terms of the Memorandum of Association.

Trustees may serve without time restriction, until they are replaced, or they resign. New Trustees are appointed by existing Trustees and would be required to attend appropriate training courses and complete a relevant induction process.

The Trustees consider that the Trustee board comprises an appropriate mix of individuals with complementary skills and experience so as to meet the needs of the Charity.

This report has been prepared taking advantage of the small companies’ exemption of the Companies Act 2006.

Approved by order of the members of the board of Trustees and signed on their behalf by:

………………………………… Mr Alan Miller National President Date:

Page 5

(A company limited by guarantee and registered charity)

B'NAI B'RITH UNITED KINGDOM

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees (who are also the directors of the Charity for the purposes 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. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity’s transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets oaf the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on its behalf by:

………………………………… Alan Miller National President

Date:

Page 6

B'NAI B'RITH UNITED KINGDOM (A company limited by guarantee and registered charity)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

Independent examiner's report to the Trustees of B'NAI B'RITH UNITED KINGDOM ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:

K Fisher FCA ℅ Kingston Burrowes Audit Ltd Statutory Auditor 308 Ewell Road Surbiton Surrey KT6 7AL

Dated: 2025

Page 7

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2024

Note Unrestricte Restricted Endowment Endowment Total funds Total funds
d funds funds funds
2024 2024 2024 2024 2023
£ £ £ £ £
Income from:
Legacies 237,691 - - 237,691 -
Donations and
subscriptions 3 21,137 42,184 - 63,321 76,351
Investments 4 16,270 4,178 - 20,448 22,040
────── ────── ────── ────── ──────
Total income 275,098 46,362 - 321,460 98,391
══════ ══════ ══════ ══════ ══════
Expenditure on:
Charitable activities 5 70,724 87,457 - 158,181 131,020
────── ────── ────── ────── ──────
Total expenditure 70,724 87,457 - 158,181 131,020
══════ ══════ ══════ ══════ ══════
Net gains on
investments 7 - 23,762 6,287 30,049 3,566
────── ────── ────── ────── ──────
Net (expenditure)/
income 204,374 (17,333) - 193,328 14,703
Transfers between
funds 10 2,620 (2,620) - - -
────── ────── ────── ────── ──────
Net movement in
funds 206,994 (19,953) 6,287 193,328 (29,063)
══════ ══════ ══════ ══════ ══════
Reconciliation of
funds:
Total funds brought
forward 67,832 197,058 312,389 577,279 606,342
Net movement in
funds 206,994 (19,953) 6,287 193,328 (29,063)
────── ────── ────── ────── ──────
Total funds carried
forward 274,826 177,105 318,676 770,667 577,279
══════ ══════ ══════ ══════ ══════

The Statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure relates to continuing activities.

The notes on pages 10 to 20 form part of these financial statements.

Page 8

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

BALANCE SHEET AS AT 31 DECEMBER 2024

Note 2024 2023
Fixed assets
Investments 7 477 471
Current assets
Debtors 8 17
Cash at bank and in hand 279 106
────── ──────
296 107
Creditors: amounts falling due within one year 9 (3 (3
────── ──────
Net current assets 292 104
────── ──────
Total net assets 770 577
══════ ══════
Charity funds
Endowment funds 10 318 312
Restricted funds 10 177 197
Unrestricted funds 10 274 67
────── ──────
770 577
══════ ══════

The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 2025 and signed on their behalf by

Mr Paul Solomon CA

Treasurer

The notes on pages 10 to 20 form part of these financial statements.

Page 9

B'NAI B'RITH UNITED KINGDOM (A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. General information

The Charity is a Company Limited by Guarantee registered with the Registrar of Companies for England and Wales (Registration number 03328487) and is a Charity registered with the Charity Commission (Registration number 1061661). The Charity is governed by its Memorandum and Articles of Association. In the event of the Company being wound up, members are required to contribute an amount not exceeding £1.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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) and the Companies Act 2006.

B'nai B'rith United Kingdom meets the definition of a public benefit entity under FRS 102.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the Charity and rounded to the nearest pound.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.2 Going concern

The Trustees have assessed the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The Trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing these financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Income tax recoverable in relation to donations received under Gift Aid is recognised at the time of the donation.

Page 10

B'NAI B'RITH UNITED KINGDOM (A company limited by guarantee and registered charity) Page 11

B'NAI B'RITH UNITED KINGDOM (A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Staff costs are allocated on the basis of time spent.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Taxation

The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. As investments are revalued to fair value continuously, no realised gains or losses arise.

2.8 Debtors

Trade and other debtors are recognised at the settlement amount after any discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.9 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 12

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

2. Accounting policies (continued)

2.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.11 Financial instruments

The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:

Debtors – trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 8. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Liabilities - trade creditors, accruals and other creditors will be classified as financial instruments, and are measured at amortised cost as detailed in Note 9. Taxation and social security are not included in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Expendable endowment funds can be used to provide income or capital for the Charity at the discretion of the Trustees.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 13

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

3. Income from donations and subscriptions

Donations
Subscriptions
Donations
Gift aid
Total 2024
Total 2023		 Unrestricted
Funds
2024
£
Restricted
Funds
2024
£
Total funds
2024
£
Total funds
2023
£
17,836
-
17,836
17,708
596
42,184
42,780
54,158
2,705
-
2,705
4,485
21,137
42,184
63,321
76,351
23,073
53,278
76,351

Of the total income from donations of £76,351 in 2023, £53,278 was allocated to restricted funds. All restricted funds were included within the Donations category above.

4. Investment income

Income from investments
Deposit account interest
Total 2023		 Unrestricted
Funds
2024
£
Restricted
Funds
2024
£
Total funds
2024
£
Total funds
2023
£
11,659
4,178
15,837
20,639
4,611
-
4,611
1,401
16,270
4,178
20,448
22,040
12,209
9,831
22,040

In 2023, all restricted funds from investment income were allocated to Income from investments.

Page 14

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

5. Analysis of expenditure by activities

Charitable activities
Total 2023		 Activities
undertaken
directly
2024
£
Support
Costs
2024
£
Total funds
2024
£
Total funds
2023
£
147,896
10,285
158,181
131,020
124,496
6,524
131,020

Of the total charitable activities expenditure in the year, £87,457 (2023: £70,699) has been allocated to restricted funds and £70,724 (2023: £60,321) to unrestricted funds. The Charity had no employees in the current or prior year.

Analysis of direct costs

Scholarships
Humanitarian aid
Advocacy
Jewish identity, culture and heritage
B'nai B'rith International
BBYO		 Charitable
activities
2024
£
Total funds
2024
£
Total funds
2023
£
19,500
19,500
12,500
67,956
67,956
58,199
35,498
35,498
33,673
17,110
17,110
17,154
2,832
2,832
2,970
5,000
5,000
-
147,896
147,896
124,496

Page 15

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

5. Analysis of expenditure by activities

(continued) Analysis of support costs

Bank charges
Administration expenses
Governance costs
IT
Insurance
Advertising
AGM		 Charitable
activities
2024
£
Total funds
2024
£
Total funds
2023
£
660
660
85
1,234
1,234
639
3,685
3,685
3,606
3,496
3,496
29
392
392
374
-
-
790
818
818
1,001
10,285
10,285
6,524

The governance costs above include the fee for the independent examination, being £3,528 (2023: £3,480), and other professional fees of £157 (2023: £126).

6. Trustees' remuneration and expenses

The Trustees are considered to be the Charity's Key Management Personnel. During the year, no Trustees received any remuneration or other benefits (2023: £Nil).

During the year ended 31 December 2024, Trustee expenses of £385 have been reimbursed (2023: £388). Expenses in the year were reimbursed to 1 Trustee (2023: 1 Trustee) for office expenses, IT, filing costs, subsistence and postage and stationery items.

Page 16

B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

7. Fixed asset investments

Valuation
At 1 January 2024
Withdrawal
Revaluations
Movement in cash accounts held within investments
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
Debtors
Due within one year
Prepayments and accrued income
Creditors: Amounts falling due within one year
Other creditors
Accruals		 2024
£
17,499
2024
£
-
3,648
3,648		 Listed
investments
£
472,813
(41,000)
30,049
15,837
477,699
477,699
472,813
2023
£
1,125
2023
£
-
3,480
3,480

8. Debtors

9. Creditors: Amounts falling due within one year

Page 17

B'NAI B'RITH UNITED KINGDOM (A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. Statement of funds

Statement of funds - current year

Balance at 1 Income Expenditure Expenditure Transfers
Gains/		 Transfers
Gains/		 Transfers
Gains/		 Balance at Balance at
January in/out
(Losses)		 31 December
2024 2024
£ £ £ £ £ £
Unrestricted funds
General funds 67,832 37,407 65,724 19,634 - 59,149
Designated Legacy
fund - 237,691 5,000 (17,014) - 215,677
───── ───── ──── ─── ─── ────
67,832 275,098 70,724 2,620 - 274,826
───── ───── ──── ─── ─── ────
Endowment funds
Expendable
Endowment fund 312,389 - - - 6,287 318,676
───── ───── ──── ─── ─── ────
Restricted funds
The East & Central
Europe fund 10,450 17,538 28,767 3,896 - 3,117
The Qiryat Gat fund 16,815 22,796 28,089 17,014 - 28,536
Rothschild fund 128,620 4,178 19,501 (21,500) 23,762 115,559
Ukraine Emergency
Appeal 41,173 1,850 11,100 (2,030) - 29,893
───── ───── ───── ─── ───── ─────
197,058 46,362 87,457 (2,620) 23,762 177,105
───── ───── ───── ─── ───── ─────
Toal of funds 577,279 321,460 158,181 - 30,049 770,607
═════ ═════ ═════ ═══ ════ ═════

Page 18

B'NAI B'RITH UNITED KINGDOM (A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. Statement of funds (continued)

Statement of funds - prior year

Balance at 1 Income Expenditure Expenditure Transfers Transfers Gains/
Balance at		 Gains/
Balance at
January 2023 in/out (Losses)
31 December
2023
£ £ £ £ £ £
Unrestricted funds
General funds 114,371 35,282 60,321 (21,500) - 67,832
───── ──── ──── ─── ─── ────
Endowment funds
Expendable
Endowment fund		 291,562 - - - 20,827 312,389
───── ──── ──── ─── ─── ────
Restricted funds
The East & Central
Europe fund 22,299 10,644 22,493 - - 10,450
The Qiryat Gat fund 4,631 29,284 17,100 - - 16,815
Rothschild fund 127,050 9,831 12,500 21,500 (17,261) 128,620
Ukraine Emergency
Appeal 46,429 13,350 18,606 - - 41,173
───── ───── ───── ─── ───── ─────
200,409 63,109 70,699 - (17,261) 197,058
───── ───── ───── ─── ───── ─────
Toal of funds 606,342 98,391 131,020 - 3,566 577,279
═════ ════ ═════ ════ ════ ═════

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B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

10. Statement of funds (continued)

The East & Central Europe fund

The East & Central Europe fund comprises donations received and donations made to alleviate poverty and to encourage community regeneration in these countries.

The Qiryat Gat fund

The Qiryat Gat fund comprises donations received and donations made in connection with the alleviation of poverty and education projects in Qiryat Gat in Israel. A transfer of £2,501 was made in the year from unrestricted funds to meet expenditure in this fund.

Rothschild fund

The Max and Gladys Rothchild fund was set up to apply its income to establish and provide civil engineering scholarships for the benefit of third year Jewish students who may be in need of financial assistance to study as university undergraduates.

Ukraine Emergency Appeal

The Russian invasion of 24th February 2022 saw the temporary halt to our normal activities and the launch of our Emergency Appeal. This purpose of which was to provide additional support to our regular activities.

The donations were most generous and allowed us to help assist with the refugee crisis throughout Ukraine and also in Romania and Moldova, which were receiving a flood of Refugees. Our connections in the city of Chernivtsi gave us accurate information about the immediate requirements to closely monitor distribution.

Expendable endowment fund

The Maxine Schiff fund is a trust fund set up under the will of the late Maxine Schiff to benefit B'nai B'rith United Kingdom. The Trustees have the power to accumulate income for a period of 21 years from the date of the gift and to advance monies to B'nai B'rith United Kingdom for the charitable objectives described in the Memorandum and Articles of Association. A transfer of £Nil (2021: £44,000) was made in the year to release funds to the unrestricted reserve to support the activities of the Charity.

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B'NAI B'RITH UNITED KINGDOM

(A company limited by guarantee and registered charity)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

11. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted Restricted Endowment Total
funds funds funds funds
2024 2024 2024 2024
£ £ £ £
Fixed asset investments 43,46 115,55 318,67 477,69
Current assets 235,01 61,54 - 296,55
Creditors due within one year (3,64 - - (3,64
───── ───── ───── ─────
Total 274,82 177,105 318,67 770,60
═════ ═════ ═════ ═════
Analysis of net assets between funds - prior year
Unrestricted Restricted Endowment Total
funds funds funds funds
2023 2023 2023 2023
£ £ £ £
Fixed asset investments 31,80 128,62 312,38 472,8
Current assets 39,50 68,438 - 107,94
Creditors due within one year (3,48 - - (3,48
───── ───── ───── ─────
Total 67,83 197,058 312,38 577,27
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12. Related party transactions

During the year reported, the Trustees made unrestricted donations of £Nil (2023 : £50) to the Charity. The Charity has not entered into any other related party transactions during the year (2023 : £Nil), nor are there any outstanding balances owing between related parties and the Charity at 31 December 2024 (2023 : £Nil).

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