**Charity number: 1114062** 

## THE DR BENJAMIN ANGEL FOUNDATION UNAUDITED 

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 



## **THE DR BENJAMIN ANGEL FOUNDATION** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and administrative details of the charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 4|
|**Independent examiner's report**|5|
|**Statement of financial activities**|6|
|**Balance sheet**|7|
|**Notes to the financial statements**|8 - 11|





**THE DR BENJAMIN ANGEL FOUNDATION** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2025** 

|**Trustees**|A Angel|
|---|---|
||R Angel|
||J Angel|
||E Angel|
||L A Szczerb|
||A Leon|
|**Charity registered**||
|**number**|1114062|
|**Principal office**|8 Oak Tree Close|
||Stanmore|
||HA7 2PX|
|**Independent examiner**|Anthony Epton|
||Goldwins Limited|
||Chartered Accountants|
||75 Maygrove Road,|
||West Hampstead|
||London NW6 2EG|



Page 1 



## **THE DR BENJAMIN ANGEL FOUNDATION** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** 

The Trustees present their annual report together with the financial statements of the charity for the year 1 January 2025 to 31 December 2025. 

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s trust deed, the Charities Act 2011 and the relevant version of the 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 (Charities SORP FRS 102). 

## **Objectives and policies** 

## **a. Objectives and activities** 

The Foundation was established in 2006 in memory of Dr Benjamin Angel. The objective of the Foundation is to support a range of charitable relief, educational, and medical organisations, and other charitable causes where its contributions can make a real difference. In particular, the Foundation supports charitable projects in the Jewish community, in Israel and in the medical field of which the Trustees believe Benjamin would have been proud, alongside making donations to a wider range of charities. 

During 2025, the Foundation made charitable donations in four broad areas. 

First, in the field of health and medicine, the Foundation continued its support of Jnetics, the only UK charity devoted to the better management, and prevention of Jewish genetic disorders (with lower donations in 2025 anticipating higher grants in 2026), and its sponsorship of multi-year scholarships at the Hebrew University in Jerusalem to support a diverse group of young people training as doctors.  To mark the 20[th] anniversary of Benjamin’s death, the number of scholarships was increased from 6 to 7. 

Secondly, given the continuing tragic events in the Middle East following the 7 October 2023 attack and its aftermath, it made further donations to emergency aid and other charities providing medical, psychological and support to people affected in Israel, and it continued supporting projects for children and young people at risk. 

Thirdly, the Foundation continued its long-term support of charities engaged in helping people in need in the UK, in the former countries of the Soviet Union and elsewhere through World Jewish Relief and other international charities. 

Finally, the Foundation continued to make grants to a range of medical, educational, religious and other charities helping children, the elderly and others in need of care and support within the UK Jewish Community and elsewhere.  Sadly, it was also necessary to help charities providing security for the Jewish Community and combat antisemitism. 

In setting objectives and planning for 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)'. 

## **b. Reserves policy** 

The Trustees’ aim is that the Foundation should be a reliable long -term partner to the charities it supports where that is appropriate. Hence the Trustees seek to maintain reserves at a sufficient level to enable it to do that, largely and wherever possible by making grants out of income and capital gains, and only where appropriate and necessary by making grants out of capital 

## **c. Investment policy** 

Consistent with its reserves policy, the Trustees seek to invest the Foundation assets with a view to long term income generation and capital appreciation. The greater part of its assets are invested in portfolios under discretionary management with these investment objectives. 

Page 2 



## **THE DR BENJAMIN ANGEL FOUNDATION** 

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

## **d. Grant-making policy** 

The Trustees consider grant applications and funding opportunities throughout the year and make grants in line with the Foundation’s charitable objectives and available resources. Funding decisions are based on the anticipated charitable impact and alignme nt with the Foundation’s purposes. 

## **Achievements and performance** 

## **a. Main achievements of the charity** 

The Trustees are extremely proud of the work done by the charities the Foundation supports. Jnetics has expanded its activities and is increasingly delivering on Benjamin’s vision that no child should be born into the UK Jewish community with a life-threatening recessive disorder, as well as the engagement programme for the NHS Jewish BRCA Testing Programme. Additional generations of recipients of the Foundation’s Scholarships at the Hebrew University, from across the range of disparate communities in Israel, continue to qualify as doctors; they are living proof of the opportunities for peaceful coexistence at a very difficult time. Organisations like WIZO, World Jewish Relief and the range of relief charities the Foundation supports across the Jewish Community continue to both serve and unite the community in extraordinary ways at a time of great pressure and growing mindless antagonism against jews. 

## **b. Performance** 

The Trustees continue to keep costs at a low level and to seek to ensure that investments achieve a return in line with relevant benchmarks.  Their aim is to enable the Foundation to meet its current commitments and to generate future funds at a level that allows the charity to meet its long-term objectives. This year has seen some improvement in investment returns and satisfying growth in the Foundation’s a ssets 

During the year, the Foundation continued to support a broad range of charitable organisations through grant funding and scholarship programmes in accordance with its charitable objectives. 

## **Financial review** 

## **a. Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. 

## **b. Financial review** 

During the year, the charity had income of £145,138 (2024: £146,448) and total resources expended of £106,919 (2024: £101,196).  Net gains on investment for the year were £327,206 (2024: net gains of £156,710) giving a total net increase in funds of £365,425 (2024: net increase of £201,962).  At the year end, charity had a total unrestricted fund of £4,604243 (2024: £4,238,818). 

The charity had no restricted funds during the year or the prior year. The Trustees invest the Foundation’s funds in the Barclays Charity Fund managed by Barclays Asset Management Limited, a Bond and accounts with Barclays Bank plc, and in a diversified multi-asset Cazenove Fund designed for Charities. The Foundation aims over time to maintain a stream of investment income sufficient to fund its work whilst increasing its assets in the long term. 

Page 3 



## **THE DR BENJAMIN ANGEL FOUNDATION** 

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

## **Structure, governance and management** 

## **a. Constitution** 

The Dr Benjamin Angel Foundation is a registered charity, number 1114062, and is constituted under a Trust Deed dated 5 February 2006, as amended by Deeds dated 11 January 2022 and 30 November 2023. 

## **b. Methods of appointment or election of Trustees** 

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. New Trustees are approved and appointed by existing Trustees. 

## **c. 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. 

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


**----- Start of picture text -----**<br>
SIGN<br>A L Angel<br>Trustee<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
SIGN<br>**----- End of picture text -----**<br>


**R F B Angel** Trustee 

Date: 8 July 2026 

Page 4 



## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025** 

## **Independent Examiner's Report to the Trustees of The Dr Benjamin Angel Foundation.** 

I report to the trustees on my examination of the accounts of the The Dr Benjamin Angel Foundation (the Trust) for the year ended 31 December 2025. 

## **Responsibilities and basis of report** 

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). 

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. 

## **Independent examiner’s statement** 

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

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 

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

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 

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. 


Anthony Epton BA FCA CTA Goldwins Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG 

9 July 2026 

Page 5 



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