REGISTERED COMPANY NUMBER: 03713430 (England ancl Walesl REGISTERED CHARITY NUMBER: 1114343 Report of the Trustees and Unaudlted Flnanclal Ststements for the Year Ended 31 August 2025 Frlends of Pal¢$linian UnIr[tIeS Dial Squar8 ASS(lateS Limited Chartered Accountants 9 St George's Yard Famham Suriey GU9 7LW
Fri8nds of Palestlnlan Unlversllle$ Contents of the Flnancial Statements for the Year Endtd 31 August 2025 P¥g? Refer¢8 and Admlnlstrativg Detalls Report ofthe Trustees 2 to 4 Indepandgnt ExamlneT'8 Report Statèm•nt of Financial Actlvltlès 8alan¢a Sho•1 Notes to th• Flnanclal Statoments 8 10 15 Dètallad Statement of Flnan¢lal Actlvltl•8
Frlends of Palestin1 Unlversitias R•f•rèneè and Adminlstratlye Detalls for the Year Ended 31 August 2025 TRUSTEES DrA Shalan Dr M Masrf Dr M Qual¢ Ms S Hamrounl Dr H MuThay A Najar COMPANY SECRETARY O Shweiki REGISTERED OFFICE 1 Gough Square London EC4A3DE REGISTERED COMPANY NUMBER 05713430 (Endand and Wales) REGISTERED CHARITY NUMBER 1114343 INDEPENDENT EXAMINER Olal Square Associal8s Llmlled Ch8rtered Accountants g Sl George's Ywd Farnham Surrey GU9 7LW SOUCITORS Thornas Eggar The Com Exchange Baffin8 Lane Chlchesl&r Wesl Sus8ex P019 1GE BANKERS Unlly Trust Bank plc Nine Brlndley Place Birmingham B12HB COIF Charity D8poslt Funil 80 Cheapslda London EC2V 6DZ Page 1
FrIe[S of Palestlnlan Universltles Raport ofthe Trust•e$ for the Yg8r ErKled 31 August 2025 The TrustÈÈ$ presenl Iheir annual report and financlal stslemenls for the y¢8r ended 31 AU$t 2025. The finandal stalemenis hav& been prepared In a¢cordanc• wlh the accountlng policies set out In note I to the finandal st81ements and Gomply with IhÈ Charity's Articles of AsS(a¢, the Companies Acl 2006 and 'Ae¢ounting and Reporting by Charities.. Slalem8llt of RecommÉndfjd Practice epplrcable to oharities preparing Ihelr accoFunts in accordance with the FSnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued I October 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT GovemSng documènt Friends ol Pal&slSnian Universities (formerly The Friends of 81( UnivÉrsity of Paleslinlan Univ6rslties was eslabNshed In 1978, registered with IhÉ Ch3rily Commlssion in 1979 and subsequgnlly incorporated as a company 15miled by guarantee In 200e. Frt&nd$ of PalesUn18n Universllles 15 govemed in accordance wllh ils Memorandum and Artlcles of Association. Twstees, who are also directors of the company, are appolnt&d for a 3-year terrn that may be renewed. When considedng new Iruslees, desired skills and experfence are agsessed prior to a meeting betweèn board rll8mbers and Ihe ¢x)1gnUal Iruslee. New trustees are inducted lo the work and ethos of the charity. The Board of Trusl&es meets at least 4 Ilmes a year. Day-l04ay rnanagemenl Is delegated lo the Director. who is accountable to and supervisad by Ihe Board. The m8lor rfskg lo whkh Ihe Charity Is exposed, as Identified by Irusiees, are regularfy lovlewed and systems established lo mlllgale Ih08e rtsks. The major rlsks f8clng Frlands of Palesunlen Unlversllles are.. financlal porformance, notably conlinully of Incomlng funds lo sustain operallons.. 8vallablllly ol gxpertlse and resou$ lor d8y to day oporalions.. operallonal p&rfomanc8, Includlng bank de-rfsklrKJ and rfsk810 8laff wh8n operallng in a conllkt zone,. . the proflla and reputslion of the Chailly. 08JECTtVES AND ACTIVITIES Frlends of Palestinian UnlversFtIo8 oblecls ara lo 'promnl8 the advanc@nnt ol education of Pg1081inlans gèèking eclucational opportunllleg al hlgher gduc8Uon Inslllullons andlor through educational, comrnunlly or Gullur81 programmes In such ways 88 the Dlraclors see flt," The charity Is exlendlng opportunlues and prodIng 8Ca988 lo educallon to young Palestlnlans al 8ducalional Instllullons In th& Wesl Bank and Gaza. The prfncSpal slr8nds of ocllvilles c8rfed out by Frland8 of P8lestlnl8n Univers188 for the publlc benefit are.. A¢ademlc seholarshlpg .' 8upporilng Palestlnlan students In financial need through scholar8hlps and a hardshlp fund., Byllding Hlgher Educallon Llnks.. facililatlng Ilnks and underst8ndlng bgtween UK and Paleslini8n slud6nls, e(hJcators and higher education In glilulion8,' Advocacy and Awar•n•$$'. ralsln9 awareness in the UK amoro81 the hlgher educatlon 88CtcK, govemment officials, parllamèntarians, dlplom ats and Iho general public, of the barrlers educ8liorTr for Palestinians. Thg Trustees have paSd due regard to gtsidance l$su&d by the Chwily Commlsslon regar(5ing publlc benefit In decldlng what actiwlies the charity should undertake. Page 2
Frlends of Palestinlan Universltiès Report ofthe Trustees for the Year Ended 31 August 2025 ACHIEVEMENTS AND PERFORMANCE Academ1¢ Scholarships The scholarship programme comprises scholarships al Blrzeil Unlversily, and Pint Frlends of P8StInian Unwersilies-UNRWA scholarships for Paleslinian rofugee students. Scholarthips 8rè provided on the basls of financial need and ademiC merll. The s¢htslarshlp prograrnrne In Gaza, delivèred in partnershlp with UNRWA, was temporarily suspended as a resutt of th8 outbreak of war in Oclobor 2023. The destruclk)n of the untversily campuses h8118d 18achln9 for mosl of the acadomlc year, only lo be resumad in the Spiing. Frfends of Palèstinian Universilies en&)kwnents are.. Adel8 Every Scho18rship'. funds a female student from vlll8ges or refugee camps. Doreen Ingrams Scholarshlp,. funds onè or MO femalo students with spedal noeds. Petèr Holliday Scholarshlp.. fund8 lemal8 students ladng financlal hardship. Frtènds of Palestinian Universllies 8150 runs mulli.year scholarsh5ps supported by sponsoring donprs. Mulli-ye8r holar5hips lypically cov8r luillon fees and o scholarship administration fee. Sponsoring don(Irs ar6 consulted on speciffc requlr8menls such as.. gander, place ol resid0n, aclem$C r8¢ord, lacully or subject, speclal needs. Sponsors 2re kept informed of thelr sluclents, progress through person81 student stslemonls and acad8mi¢ reports. A Iqardship Fund Is also In place lo proVe scholar9hlps or allern81ively, small grants lo cover ty)oks, occommodatlon. Iransportallon and houslng, or subsidies gludenis tuition lee3 al Blrzeit Univèrg11y. In 2024125, Filends of Paleslinlan Unlvers511es provlded 20 undergraduate sGhol8r8hips and one masters scholar8hlp$ to a 8tudenls el Blrzell Unbversily through Its P8rtnershlp with Blrzell Unlversily and W6¢fare A850Glatlon. W& a180 continu to 8UPPOrt three schDl8rs in Gaza Ihrou9h partnershlp wllh UNRWA. Advocacy & Awarenas• Frionds ol Palesllnian Unlversilles Advocacy & Awaren&ss progTamme In 2024125 focusèd on bullding underslandlng of the devaslatlng imp8cI of the war on Gaz8 on Paleslinban highèr educatSon. while ampllfylng the voices of Pal@stinl8n ac8domics, sludonls and university leaders. We worked lo communicate B core message.. desplle tho dastrucuon of campusès. infraslruclure and 8cademlc life In Gaz8, G8za's unlversllies conllnue lo exlsl and requlre sustained Inslltullonal support. Through our "Our Unlversllles Live On" serles, publbc brlefings, artlclas, blogs, wabin3r8 and social media conlgnl, we highlighted the resill8nc8 of Sludenls aTrJ siaff contlnuSng lo teach, leam and Star¢h under &xlreme condllions. Durlng the yèar, Frlends of P8laslinl8n Unlvèrsllles played a lèadlng role In convenlng and Snformlng the UK hlgh9r educgllon gector response. We partIpated actively In tho UK Hlghér Educallon Hum8nilarf8n Working Group on Gaza alongside represenlallve5 UniverlIeS UK Internallon81, CARA, the British Council gnd Ltnlversily leaders, and helped a[1van dls¢ussions on coordinaled SeCtor-(Je support. We also supported dlrect engagernanl belwegn Gaza, universlty le8dershlp and UK higher education Inslilullons. Includlng 8 meeting co-convened wSth Unlv6rgllles UK IntemalFonal whore the Presidents of Gaza's non-profit unlvewilies addressed UK Vioe-chancellors and senFor university represènlallves. Friends of Paleslinlan Unlversllies also ¢onllnue(l ¢0 facililalg and promote Ihe work of the Emergency Commlltee of Unlv$rsilies In Gaza as the reprgsentsllve body of the higher education sector in GBZa. Thg progranmo Indud¢d a vld& range of publlc and seclor-facing 8¢11vily. In¢ludlng webinars in Ihe Education. Occupation & LiberatTOll series. co<onvened wllh UCU, briefings on scholasllcide and the Emèrgency Commitleg. parfiamenlary and university event5, contsibulions lo conference8 in the UK and Inlemalion8lly and the co-tsrgani8alon f a major educallon conference on Respondlng lo Scholaslicido in Gaza with UKFIET. Friends tsf Palestlnian Universltie5 also launched a research project on s¢holastSclde' Yllh Intamationel scholars of trducauon. Bulldlng Higher Educatlon Ltnks Frlends of Pale81inian Universities Building Higher Eijucalion Lrnks programme In 2024r25 focused on strengthening Institutional partnershrps and exchange botwoon Palestlnian and UK universllles and faculty, wlh a parlleular èmphasis on supportlng Gaza 8 higher education secloi through the Emgrgency Committee ol Universille8 in Gaza. We continued lo provide direcl support lo the Committee, Includlng convenlng regular stralegy meetings, preparing briefings on emerging policy developments, and dèveloplng practScal models ft)r institutional collaboration. Along%dg thls, we 8dvanced sector-wide engagement by supporting the representatic ol the Committee In intem8lion81 for8 and ¢ontribuUng lo ils inlti81ives mobilising assistanGe lo Gaza s non-profll universlties In Gaza. Page 3
of Palestlnlan Univtrsltt88 Report of the Tru5tee8 forth• Year End8d 31 Auyu5t 2025 A rnalor mll•stono In th9 yO8r was the dgveloprnent and 18unch ol Partnèrships with Psleylin8'. A pracdcal guid8 to UK-Palg3llnlan hlghw aducatlon In$lituUonal collaboradon, produced wllh partners at Ihè Unlversrty of Brls1018nd Ihè Unlverslty of Oxford. The guide has been widely Fyomoted across the UK highgr educslion sèctor and has Inlormed tha development ol nèw p8rtngrships and propoaed mechanisms for UK unlv?r5Ny wordln811on in Support of Paleslinl8n higher 8ducalion. FA&nds of PalesllnlaTh Univorsllies also suppc>rted ancl promotèd the expAn$lon of wrtual fellewshlp and research colloboration mod81s, wlth programrnes estsbllshed 8t the University of B¥istol. Universty of St Andfyw8 and under development al other iTr5tilutlon8. Through Initiatives such a5 Ihe PALS Fellowship Programme targeted partnBrship dev8lopment with slI1uDnts 1ClUdIng UCL Oxford, prOgmmn has wntiibuted to building Suslalnable. Inslttutlon-jgd Ilnks Ihat support teachlng. r959arch And 8cad8mic exchan In Ikno wilh tho prioriUe8 of PalesllnF8n univers1es. FUTURE PLAN5 In ihe ¢omirg year, thè Tru8tees will focus on stronglhgnlng the ¢harftVs capadty to dellver 115 obleclths at a Ilme of 51gnlflcant need. This wlll include rnodesl eypanslon of 8taff capaelty to 8UPPOrt pmgramrn8 dellvery, p8th8rshlps and lundr8151ng, alongsiO8 8 pl8nned rebrandlng to refiecl the organlsallons s6Ctor-Wtde focus. A k8y priorlly wlll bo lo 8upport more coordinated 6ngagem8nl across thè UK hlgher 8duc811on sector in response to the crlsls facing G8186 unlv6rs5110s. The ¢hrty wlll work wllh partntrs to moblllse Inslilutional resOtJrc6& develop p8rtnershlps and promote approaches that slrengthon Palestlnl8n higher gducatlon inslilullon5. Thls wlll bè gccompanltsd by eentlnued èfforts to raise awaren8ss of the ehallenges laclng Pale8llnhn hlgher educatlon, Includlng through rg8gar¢h, pJbll¢ 9ng89ment and 8ector.fochg guSdanc8. AIDng$ldo Ihl$. thè Tru&¢e9s wlll focus on advanclng 8 8UStalngble fundralslng glralegy lo dlversfty income and 8UPPOrt the charllls long.lerm work. A review of the scholarship programm8 will also be und8rlaken lo en8ur8 bt reffl8lns relgvenl and 8llgned with Ihts evolvlng need8 of lh¢ PBle811nlan hlghgredue•tlon 8eGlor. FINANCIAL REVIEW Frl8nd$ of P&lesllnlan un5v8r81s rècorded gn incom8 over 6XP8nditure of £71.13D In flscal year 202512024.. defidt ol Incorno over @Xpgndllure £7,553). Dosplt• ongothg economic and pollucal uncgrtalniie8. the ¢h8rfty hos maila progr888 In lundr8lslng whlle rr181nt8lnlng adequ819 rosgN8s. The trust& w+ll glm to prSorftlso th8 need to 58cur8 $ufflclant Income In order to $u$taln and oxpand pro9ramm88 In rosponse lo growing n88ds on the gA>und. In thè p881 yo8r, Frlend6 of P81eStlnn univ8rslllo8 has taken Important Btep8 Iow8rd8 dlverslfylng Its fund5ng bÈ8è and bulldlng Inslitullonel support. Nolebly, the charlly held annu818way day, which culmlnaled in Ihe lurth&r development ¢f E $lrategy for lunrlTrising and pr¢grarnme devaloprn8nt. lrnpl8rn8nl8llon b8gan in lolg 2023, wllh an 6mph88ls on securfng InBlllutlDn81 fundSng lo meet Ihe vrg8nt noedg arl$inp from the cr181¥ In th6 Palosllnlan hlgher 1clIE0n soctor and to gUPPOrt Incr6888d organlsatlon31 capaelty. E¥pandJng fundlng 51re8ms romainB e6senlial lo the long-term vablltty of Frlend8 of Palestlnlan Unlver81tles work and Its abllly to Bcalo impact. Thè Iruste8s hav8 tha powor lo invgst in such wet8 as Ihey saa fiL Treasury adlvlll88 81m to 8n8ure 5ufncl¢nt Ilqi¥dlty for Frlends of P8lesllnian Unlverslliès operational nggds whlle mlnlrnl8lng In A eost-effec15ve manner. Rese# Pollcy The trusloes alm to malntain reseryos at a kvel ¢qulvalent lo approxlmalety slx rnonlhs of management end drninisli4liv8 ¢osis in unre51ricled funds. alter Accounllng for known scholarship comrnltments. This prOdeS n8nclal cu$hlon in tho evgnl of unforaseen elrcum8t•nc88 and helps safeguard tho conlinultyoflhr* charftvs work. The Truste0$, who are also Ihe dlreclors for th6 puw of company law, atKI who Berved durlng thè yèar and up to the dale of Blgnaturè ol the fJnall¢lal sla18rn8nts wera.. Dr A Sh818n Dr M Masri Drm Qato Ms S H8mrounl Dr H Murray AN81 25J w Zo16 Appro1 by order of thtr board of trust8e8 1............................................. and slgned on lis b8hBlf by.. M5 S Hamrouni- Trustee
Independenl Exawniner'$ Report to thè Trustees of Friènds of Palestinian Universitles Independènt èxamlnerfs roport to the trustees of Fr5ends of Palèstinian Univèrsltles I'the Company? 5 report to the ch8rity Iruslees ON rlly examination of the accounts of Ihg Company for the year ended 31 August 2025. Responslbililies and basi5 of report As the charllys trusteés ol the Company land also its direeiors for the purposes of company lawl you are responsible for the preparation of the awounls in accordance with the requirements of the Companies Act 2006 Ilhe 20C6 Aol'l. Hawng satisfied myself that the 8ecounts of Ihe Company 8re not required lo be audited under Part 16 Qf the 2006 Act and a eligible for independent examinatson, I report h respect of my examination of your charity's accounts as carri8d out under Sectlon 145 01 the Charilles Act 2011 Ilhe 2011 Act). In carrying out my examlnaiion I havè followed Ihe Direcllons given by the Charfty Commisslon under Section 145151 Ibl of the 2011 Act. Indep•nd¢nt oxamlnerfs statement Slnce your charity& gross income exc&eded £250,000 your examiner must be a member of a Ilsled body. I can confimi that l 8m qualified to undertake the examln81ion becaJs& l 8m a member of the Insblulè of Chartered Ac¢ountsnts In ENJland and Wales. which Is one of the listed bodies. I have completsd my examlnauon. I confirm Ihal no matters have come to my 8tt8nllon In connecllon with thg examlnalltsn giving me caus& to believe.. 8ccounling records were not kept In respect of the Company as requlred by Section 386 Df the 2006 Ad,. or Ihfy accounts do not accord wth Iho$e records., or the accounts do nol comply 1 the accotsnlinu requlrements of Section 396 01 the 2006 AGI oth8r than any requirerrenl that the accounts give a true and fair view whkh Is not a matter consldered as part of an Indepen(Jenl examination., or the accounis have not been prepared In accordance th the melhods and princlples of the Statement Df Recorllmended Pr8clice lor accountlng and reportlng by charllies lapplic8ble to charille8 preparing Ihelr ccount8 In accordance wllh the Flnanclal Rèportlng Standard appucable In the UK end R8publlc of Ireland IFRS 10211. I have no concams and have come acr08s no other mallers In connecllon th thè examlnatknn lo whlch 8tt8ntion Should be drawn In ihls port In order lo enable 8 proper underslandlng ol Ihe accounls lo bg reached. l R Fu¢¢har FCA tNal Squaro A580ciales Llmlle Chartered Accountants 9 St Georg6's Yard Farnham Surrey GU97LW D8te', Page 5
Frlènds of Palestlnlan Unlverslties Stat8ment of Financlal Activltles fc*r the Year Ended 31 August 2026 31.825 Totsl funds 31.8.24 Total fund$ UnrBstricled filnd Restre fund Nots5 INCOME AND ENDOWMENTS FROM Donallons and legaeiè8 99,682 179,891 279,573 100,286 Invaslm8nt income 9,526 2,064 11.590 2,715 Total 109.208 181,955 291.163 103,(X)1 EXPENDITURE ON Raislng lurbds Raising donations and arleS 12,069 21,646 33,715 14.742 12,069 21,64e 33,715 14,742 ChArltable actlvltl•s Charitable activiues 76,647 105,097 181,744 96.372 Totsl 88,716 126.743 215,459 111.114 Nel galnslllossèsl on inv8$lm$nts 14.5741 14.5741 560 NET INCOMEIIEXPENDITURE) Tr4n¥fers bOtwn funds 15,918 8,816 55,212 18,8161 71,130 13 17,5531 N•t mov•ment In funds 24,734 46,398 71,13Q 17,5531 RECONCILIATION OF FUNDS Total funds broughl forward 96,401 114,530 209,931 217,484 TOTAL FUNDS CARRIED FORWARO 120,135 160,926 281.081 209,931 The notes form part of these financlal statem8nt$ Page 6
Frlends of Palé$t5nlah Unlversltles BalÈnc8 Sh¢et 31 August 2025 31.8.25 Tot81 nds 31.8.24 Total funds Unre$M fund Restrltsd fu Notes FIXED ASSETS Tangible assgts Inve81menls 2.548 100,348 2,548 148,8e5 10 48,517 143.918 102,896 48.517 151,413 143,918 CURRENT ASSETS Dgbtors Cash al bank 11 21.054 8.583 21,054 120,992 6,151 70.141 112.40S 29,637 112.409 142.048 75.292 CREDITORS Amounlsf8lllng du8wlthln on? ye8r 12 112,3981 112,398} 19,2791 NET CURRENT ASSErs 17.239 112,409 129,846 86,013 TOTAL A88ET8 LESS CURRENT LIA8IUTIE8 120,135 160,928 281,061 209,931 NeT AssEf8 120.135 160,926 281.061 209,931 FUNDS Unresliicted funds,. Unr6slri¢led R8slri¢led funds., Ro3ldclgd 18 120,135 95,401 160,926 114,530 TOTAL FUNDS 281,(b1 209,931 The charltable company is enlIad ta axernpAon frorn audlt under Sodon 477 01 the Cornpanlèa A¢1 2006 for Ihe year end8d 31 August 2025. Tho membÈr8 have not requlred thg company lo obtain an audll of its fina31 8tstem8nls for Ihe yèar end8d 31 August 2025 In accor<lanee wllh S8cllon 476 01 Ihp Companios Act 2006. Th8 twsle85 ackncmledgg thelr responstt)Illtles for lal enGrIng Ihal tho ch8rilable comp8ny keep¥ accounng records th81 cornly vAlh Se¢llon8 386 and 387 of the Cornpanies Act 2DC18 and pparIng fingnEial 8181ements which glva 8 Iwe and fair eW of the sts¢e ol of Ihe charltable corbyany a5 al th8 end of each fin8n¢lal y¢8r and of Its surplus or d@fidl for eath flnancial year in accordance with thg requirernents of Secllons 394 and 395 which olhgTW158 comply wilh Ihe requirernenls of the COmnieS Act 2006 rolan9 lo ffn8nclal Statements, so faras appllcable to Ihe charflable company. Thage fthnclal Ststemonts have b88n propered In a¢[dance th the provlslons 8ppllcab18 to charltsbkn companles subject tc* the small cornpanlas roglme. Ibl The ffnanclal statements were approved by the Board of Trustees and Aulhorlsed for Issu . and wer8 slgned on its beholf by-. on S Harnroun5_ TnJ$tse
Friends of Palestinlan Universltles Notes to the Financial Statemènts tor the Year Endèd 31 August 2025 ACCOUNTING POLICIES Chartty informatio The Charity Is a company limited by gu2rantÉ& and has no share Catal. In the event of the charity being w)und up, the liability iri respect of th& guaranlee is limlled io £10 per rnember of the ¢harity. Accountlng conventlon The financial slAtetllenls have prepad accordance with the charlly's Artides of Association. the Companies Act 2006 and Accounlln9 and Reportlng by Charities.. Staternent of Recommended Pracllce applicable lo charities preparing thelr aOUnt5 in accordance with the Flnsncial Reptsrting Standard applicable In the UK and Republlc of Ireland IFRS 1021 leffecllve 1 January 20191" The charity is a Public Benefft Entity as d8fingd by FRS 102. The accounts are prepared in sterfing, which Is the functical cUrrerY of the ¢hartly. Monetary &mwnts In Ihe88 financlal slalemenls are rounded lo the nearest £1. The financial sl8lemenls have been preparèd UWKler (he hlslNlcal cosl ¢onvenlion, modlfied lo Indijde certain financial instruments al fair value. The principal accounting wllcies a(Jopted arè $8t out below. Golng concern At the lirne o(8pproving the flnan¢l81 slalemènts, the Trustees have a reason8ble ex¢t•ll0n Ihal th& Charty hB$ adequate resources lo conllnue in operational exislence for tha foreseeable fulure. Thus the Trustees continue lo adopt the going COnGem basls of accounllro In preparing th& financlal slal$Menls. Charltab18 funds Unreslrlcled funds oomprise general funds created by the accumulated surrjlus wlhin the stalemant ol financi81 aclSvllies. They are available for use al Ihe dlscrellon ol the Trustg9s In furtherance of Ihe general obj8clives of the charlly. Reslrfclad fijnds repres@nl amounts recdved for o specific purpose, ¥thlch hav8 not yel been fuly 8penl, on th81 purpose by thè year end. - Th18 fund was sat up lo cover the c08t of a scholar8hlp under th8 fc41owlng crilerla, 'A femalè student from vll lages or relu9oo camps,. P.oreen &. Lq.Ila IngTams ?cholarsh5 - Thls fund was sel up to CQVgr the cost of 8 8¢hoK4rshlp lor. 'One or rnore lemale stud8nl$ wllh specSal needs Peter Hollldoy. S_¢holaL sh152 Thls fund w88 sel up lo cover the Cost of s¢holarshlp under the followlng erlteria. 'Female students facing fi n8ncial hardship., The H_ardshjp FuDd - a 'qulck re5pon8e' fund that conlribules iowards luluon fees. Ilvlng expen888, houslng. IT, travel and book$. -Jwa_rd Schd.pr3h_Ip_ - Th18 fund was s81 up lor scholarshlps for undeigr8duate students in financial need. Boulos ano. argaret Kai_bnl - This fund was sel up to cover the cosl ol a scholarship under the following criteri8 Yor a female sludent In fi nancial need at Blrzèil University,. Dr Lalem H_: Khamig SCholahJI) Supports 8 P81e5tinlan sludenl In finandal neèd lo study stallgtlcs or malhem8lics at masters level. Al-Shehabi_FaMily_Scholahlp. - Supports a Palesllnlan student in financial need. Po_rnini¢ Slrnpson MEmQrtal SGholar&hi$2 Supports a female sludanl al Blr29lt University b88ed upon ffinancial neèd and acadgmlc rnerit. El-Gomatl S_cholarshjp - This fund was Set up lo cover the cosl of a scholarshlp under the frAIowTng criterfa. Yor a femsle student in fin ancial nèÈd'. Leri Schol8r8hiR - This fund supports a student In financial need. )$8p_h Ros¥n¢rpo_Chanlabl¥_Trus!_Maln FUr - This fund prov¢des supwrt forthè charity's programm8. Joseph Rowntree Charitabl@ T_rLLSt C)evelo5lllt Fund - This fund provides support lor th& 8$sociated costs of developing of the organisati. Pag& 8 conlinued...
Frfonds of Palèstlnian Unlversltl8s Notes to the Flnanclal Statements- contlnued for tho Year Endèd 3q August 2025 ACCOUNTING POLICIES- contlnued Charity informatlon J.o8eph Rowntree C_h8n!¥ty_le T_TUSt W_ellbBiDg Eu.Dd - Thls fund prOdeS supp(t for the wellb6ing of Fobzu staff. unlvarsity students and faculty. The board took the declslon in 2021 Ihal future annual harship spon30rships thoulij bo recorded a$ unreslri¢ted funds In order to ensure the efficient use of sourCes. Exisling donors were oonsulied about thlg change and their agr@amènt secured. Endowment funds A@ subject to speclffc conditions by donors Ihal the eapilal musl be malnlalned ty the ¢h8ri1y. Income Income is racognised when the charlly is le9ally &nlitl8d lo 11 after any performanco condllions have been met. the amounts can be measured rèllably. and It 18 probable that income will be received. Cash donalSons 8r& recognlsed on receipt. Other donations are rewgnised onc& the chadty has been notsfied of the donatlon, unless perfom)anc8 eonditions requlre deferral of the amount. Incoma lax recoverable In relation lo donallons received und8r Glfl Ald or deeds of covenanl Is rBGognlsed al thè time of Ihe donallon. Legacies are rècognlsed on rec61pI or olherwlsw il the charfly h89 been notlfied of an ivend5ng dlslrijI1On, the amounl Is known, and receipt Is expected.11 the Bmounl Is not known. the legacy Is treated as a conllngenl asset Expendllure Is 0gnsed once there is 8 1è981 or constructive obligatlon lo make a payment to a Ihlrd party, il 18 probable that selllemenl will be requlred and Ihe amount of the obligation can b9 rneasured reliably, Expenditure s classified under the follovlng 8cllvity h8adlngs on a Ilme spènt basls.. Costs of raisln9 funds compris& the costs of futKlr81$iro aotivlll98 and thelr 8ssocIAl¢d SLlPPOrt costs. Expendilure on charitable acllvitlas Includes the Costs of scholarshlp, advoc8cy, awareng68 and acadamlc acuvllles undertaken lo further the purpo8es of the ch8rily thalr 888odated support costs. Support costs ar0 Ih08e luncllons that a8slsl th8 work of the charity bul do not dlrectly undertake ch8ri18ble aclivillo8. Support costs Include payroll and gov8rn8nce cos which support the programme$. These costs have been allo¢aled betwoen cost of raSslng funds and expèndllure on charllable acllvltlèg. Expendlture Li8billlle8 are recognlsed as expendllure 8$ soon as there Is a legal or conslructlvo obllgatlon commlttlng th9 ch8riiy to that expenditure, il is probable Ihal a transfèr ol economic benefils bo qUired In salllement and the amount of the obligallon can be measured reliably. Expendlture Is accounted for on an 8ccruals basis and has boen classlfied under headings Ihal aggregate all cosl rela(8(J (o the Gategory. Where $ts cannot be dirtrctly altrlbuted to parlku18r haadlngs they have beon allocated to acllvitles on a basis conslslènl th the use of resources. Tanglble fix•d assets Tanglble fixed assets are Inltially measured at cost and subsequently measured at ¢08t or valuatrn, net of depreclalltsn and any impairment losses. Depreclallon is recognised so as lo wrile off th9 CO81 or valuation of assets les5 Ihelr r8sidusl values over thglr useful lives on the follong bases.. Flxluras, filling and equipment 5 years stralt line The ggin or $S arising on tho d[s)saI of an asset Is determined as the dlfference beeen the sae proceeds and the carrylng value of the &58ol and18 recogni?ed In the statement of finanGial actlvities. Flxed asset Inv•stmenls Flxed asset Investments ar8 initially measured at transaction prfcg excludlng IransactKin costs and are subsequently measured at fall value al each reporting date. Changes in fair value a recognised Sn nel incomellexpenditurèl foT Ihe year.Tr8nsactlon costs are expensed as Incurred. Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, ofher short-term liquld Inv8strnenls with original maluTrties of three months or less, and bank overdrafts. Bank overdrafts are shown IhirTr bOOlr@S in currenl liabilities. Paw9 continued...
Friends of Palèstinlan Unfv&rslt1è5 Notès to the Flnanclal Statements- contlnued for the Year Ended 31 August 2025 ACCOUNTING POLICIES- contlnued Taxallon The charity is exempl from ¢orporntion lax on ilg rharllable aetivilies. Fund a¢¢ountlng Unreslricled funds be used in accordance with the charitable objocllvas al Ihe (lisctIon of th6 Iruslees. Restrkted funds can only be used for particular wslricted purposés bmthln the objects of th8 charity. Restrictions arise when speclfied by the donor or when ftjnds aro raised ts particular restricted purposes. Furthor explanallon of the nature and purpos8 of each fund Is Included In th8 notes to the financial statements. Financlal Instrument$ Th& cornpany only enters Into baslc financlal instruments Iransacllons that result In the recoynillon of financial assets and Ilabilltie5 like tradè 8nd other a¢counts re1Vble and payable, loans from bank8 and other third P8rtles, loans lo related partl85 and Invoslmenls in non.pullable ordlnary shares. FnanCIal assèts that are measured al cost and amortisèd cost a essessed Bt IhB end ol each reportlng p8rlod for obkclive ev118n rif Impalrmenl. If objectlve evldence ol Impaimienl Is found, an impairment 1¢98 18 recognisèd in proflt or loss. For Inandal a$sel$ measured al am(xllsed cost, Ihe impairmenl loss Is measured as tha dlfforence belween an asset's carrying amount and the prÈ$enl value cjf estimated cash flows (Jlscaunted al the 8ssel s orlginal effecllve Inlorest rate. If a finanelal asset has a variable Intèrest rate. the discount rale fc¢r rneasurlng any Impalrment loss Is thè curr&nt èff¢¢llve Inter681 rale determlnad undor contract. For flnanclal assets measured al cost less ImpBimenl, the Impalrrnenl 1058 is measured as th8 difference between an asset's c8rrylng am¢)unl and th9 begt estlmal8, thlch Is an approxlmalion, of the arnount that the ornpany would recolve for the 888el If11 were lo be sold at Ihe reporting dale. Flnanclal ass819 and1Sabllllles are offso18nd Ihg ng18mount reported In th6 statement of flnanclol po8illon when there Is an onforceable rlghl lo set off the recolsd amunls and there Is an Inlenllon to Settle on & nèt ba$1$ or to realise the asso1 and sellle the Ilabllity s5mullan0ouy. Employee Be18 The c081 of any unu88d hollday enl6t18menl Is recognlged In the parlod In whlch Ihg employee's $8rvkes 4re received. Termlnallon benefits are r8cognlsed immedSately as an &xpgn8e when the charlly 18 dgmonstrably commltted lo terminate the employmonl ol an empksyee or lo provkle lèrmlnalion benefits. Retirement bgn¥flts Payments lo dfjfined conlrfbulion rellrernenl nefit schemes are charged as an expense when they fall due. INVESTMENT INCOME 31.8.25 31.8.24 Deposlt acwunt interèst Dlvidends received 2,289 9,301 2,715 11,590 2,715 Page 10 conlinued...
Frl•nds of Palestinlan Universltl•s Notes to the Financial Statements- continued for thè Year Ended 31 August 2025 RAISING DONATIONS AND LEGACIES 31.8.25 31.8.24 Staff cL)sts offi costs Website costs B8nk chargeg Support costs Rent and utility costs 25,449 4.113 493 417 2.328 915 11,006 739 478 296 1,577 fj46 33,715 14,742 CHARITABLE ACTIVITIES COST5 Dlrect Costs ChaTllaNe aolivilies 181.744 NET INCOMEIIEXPENDITUREI Net Incomellexp8n(Jiturel Is slated after ¢harglngllcrgclttingl.' 31.8.25 31.8.24 D9preciaUon- owned assetg 337 TRU8TEES' REMUNERATION AND BENEFITS There werè no Irugtees, romunerallon or other bgnefits for the year ended 31 August 2025 nor for the year ended 31 August 2024. Tru8toes' 8xpon8•s There were no INsleas' expenses pald for the year 8r)ded 31 Ajgusl 2025 nor for the yew gnded 31 August 2024. STAFF COSTS 31.8.25 31,8.24 Wages and $alarfes 25,449 11,006 25.449 11,006 The averag8 monthly number of 8mployges during the year was B8 foll¢)ws'. Employees 31.8.25 31.8.24 No employees r1Ved emoluments in exoes8 of£60.000. PaJe11 ¢ontinuÈd...
Frfends of Palèstlnlan Unlver$lties Notès to the Financlal Statements- conllnued for tho Yoèr Ended 31 August 2025 COMPARATIVES FOR THE STATEMENT OF HNANCIAL ACTIVITIES UnrestriGled fund Restrlctéd fund Total funds INCOME AND ENDOWMENTS FROM Don8trons and kgades 60,388 19.898 1,286 Inveslrnenl Income 47 2,668 2,715 Total 80,435 22,566 103,001 EXPENDITURE ON Ralslng funds Ralslng donallons arKI legacies 14,682 60 14,742 14,682 60 14,742 Charitable actlvltles Chartsble activllies 68.984 27,388 96.372 Total 83,666 27,448 111.11d Nei galns on Investmanl8 580 560 NET INCOMEIIEXPENDITURE Transfers botween fund8 12,6711 119 14,8821 11191 17,5531 Net movement In funds 12,552 15,0011 17,6531 RECONCILIATION OF FUNDS Total funds brought forward 97,953 119.531 217,484 TOTAL FUNDS CARRIED FORWARD 9S.401 114,530 209,931 TANGIBLE FIXED ASSETS Flxtures 8nd filtlng8 COST Al 1 September 2024 Addllions 200 2.885 At 31 August 2Q25 3,085 DEPRECIATION Al 1 Seplember 2024 Charge tor year 200 337 N 31 Augu8t 2025 537 NETBOOKVALUE Al 31 August 2025 2.548 At 31 August 2024 Page 12 cwlinued...
Frlends of Palestinlan Univer5itl8s Notes to the Flna)clal Statements- contlnued for tho Year Ended 31 August 2025 10. FIXED ASSET INVESTMENTS Cash held Listed investments portfollo Totals MARKET VALUE At 1 September 2D24 Addllion8 Revaluallons 136,243 7.675 9,521 143,918 9,521 14,5741 14,5741 At 31 Augu812025 131.669 f7,196 148,865 NET BOOK VALUE At 31 Augusl 2025 131,669 17,196 148,865 AI 31 Auw8t 2024 136,243 7,675 143,918 There were no Investment assets outslde the U<. Cost or valuation 8t 31 August 2025 Is repr&sertGd by.. Cash held Llsled Inveslrnen18 portfolio Totals Valuatoon In 2024 Valu811on In 2025 C051 12,2321 14,5741 138.475 2,587 335 14.5741 153,104 14,629 131,669 17,196 148,885 Flxgd a88el Investments were valued on an ow m&d(el basls on 31 August 2025 by Hargreaveg LanSdo¥. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 11. 31.8.25 31.8.24 other debtors Prepayments and aeowed Income 7,259 13,795 4,145 1,006 21,054 5,151 12. CREDITORS.. AMOUNTS FALLING DUE WTHIN ONE YEAR 31.8.25 31.8.24 Trade ¢dItOrS Social security and other taxès other credllors Accruals aKI deferred Income 3.601 2.463 497 5,637 1,270 1,560 6,449 12,398 9.279 Page 13 continued...
Frlend$ of Falestlnlan Universities Notes to th• Financial Statetnents- continued for the Year Ended 31 August 2025 13. MOVEP4IENT IN FUNDS Transfe t*lween lunds movement in funds Al 31.8.25 Al 1.9.24 Unrestrlcted funds Unrestricled 95,401 15,918 8,816 120,135 Rèstrl¢led funds R88tricled 114.530 55.212 18,8161 160.926 TOTAL FUNDS 209,931 71,130 281,061 Nel movement in frJnds, indudgd In the above 88 follows.. Ineornlng resources Resources 8xpended G8in8 and losses MonI In lunds Unrestrlct•d funds Unreth¢ted 109,208 188,7161 14,5741 15,918 R98trlettd funds Reslricled 181.955 1126,7d31 55,212 TOTAL FUNDS 291,163 1215,4591 14,5741 71.130 Comparatlve8 lor m0MOnt In funds Net m¢)vement In fund8 Transfèrs belween funds Al 31.8.24 At 1.9.23 Unrestrl¢t•d fund8 Unreslricl8cI 97,953 12.6711 119 96,401 R¥strlcted fund$ Reslrthd 119,531 14,8821 11191 114.530 TOTAL FUNDS 217.484 (7,5531 209,931 Comp8ratlve net movemenl In funds, included in the above are 89 follows.. Incornlng resou3 Resources exnded Gains and losses Movem8nt in funds Unrestrict8d ftsnds Unrestricted 80,435 183,8661 560 12.6711 R&slrlct8d funds Restricted 22,566 127,4481 14,8821 TOTAL FUNDS 103,001 1111,1141 560 17,5531 Fage 14 ¢ontinued...
Frlènds of Palestinlan Univèrsities Notes to th• Financial Statements- continuèd forthe Year Ended 31 August 2025 13, MOVEMENT IN FUNDS- contlnued A current year 12 monlhg and prior year 12 months combined posltkjn is as fcAIcMs.' Nel vemenl In funds Tran3fer8 At 31.8.25 At 1.9.23 funds Unrostrlctsd funds Unrestricted 97,953 13,247 8,935 120,135 Re5trl¢ted funds Reslrlcted 119.531 50.330 18.9351 160,926 TOTAL FUNDS 217,484 63,577 281,061 A current year 12 munths and prior year 12 m2nlhs comblnèd nel movement In fund5, Included in tho above are 8$ follows- Incomlng rèsources Resources expended Gains and 108ses Mov6mgnl In lunds Unr•strlctod fund$ Unrestricted 189,643 1172.3821 14,0141 13.247 R•strlcted fund8 Reslrlcted 204,521 1154,1911 50,330 TOTAL FUNDS 394,164 1326,5731 14,0141 63,577 14. REL4TED PARfY DISCLOSURES Ther8 werg no iel8led paty transactions for the year ènded 31 Auwst 2025. P¢ 15
Friends of Palestlnlan Universitles Detailed Statement of Flnancial Activltles forthe Year Ended 31 Auuugt 2025 31.8.25 31.8.24 INCOPE AND ENDOWMENTS Donatlon$ and legacles Don8tlons and legaciès Charitable acbvllies 269,855 9,718 87,787 12,499 279,573 100,286 Investmont Incomè D8POSIt account interest Dlvldgnds recelved 2,289 9,301 2,715 11,59CI 2,715 Total Incomln9 resources 291.163 103,001 EXPENDITURE Ralslng donatlons and legael85 Staff ¢osl Offlce costs Webslte costs Bank ¢hargo8 Support costs Renl 8nd utillly costs 25,449 4,113 493 417 2,328 915 11,006 739 478 296 1,577 646 33,715 14,742 Charltablo actlvltlos Consultancy an¢J ¢onlraGte(J 8eNIcè8 Offlce costs Bank Gharges Websit& costs Share of support cosls Rent and uiiliti98 Slafi costs Travel 6xponses Workshops and conf8ren¢es Grant fundlngs of aclivltles 12,200 9,157 1,283 1.520 6,996 2,819 78,434 382 25,441 43,512 11,877 2,279 914 1.473 4,866 1,994 33,956 676 11,560 28,777 181,744 98.372 Total resourc89 exp&nded 215,459 111,114 Net Incomel{expendltur&l b&fore galns and losses 75,704 18,1131 Reallsed rècognlsed galns and IosB86 Nel galnsAosses on Invèstmenls Other gains or lossas 14,S741 335 225 Nèt incomellexpendlture) 71,130 17,5531 Thls page does nol fomi part of the Statutory financial statements Page 18