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¢$linian UnI￿r￿[tIeS Dial Squar8 ASS(￿lateS Limited Chartered Accountants 9 St George's Yard Famham Suriey GU9 7LW Fri8nds of Palestlnlan Unlversllle$ 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￿$t 2025. The finandal stalemenis hav& been prepared In a¢cordanc• wlh the accountlng policies set out In note I to the finandal st81ements and Gomply with IhÈ Charity's Articles of AsS(￿￿a￿¢￿, the Companies Acl 2006 and 'Ae¢ounting and Reporting by Charities.. Slalem8llt of RecommÉndfjd Practice epplrcable to oharities preparing Ihelr accoFunts in accordance with the FSnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (issued I October 20191. STRUCTURE. GOVERNANCE AND MANAGEMENT GovemSng documènt Friends ol Pal&slSnian Universities (formerly The Friends of 8￿1( UnivÉrsity of Paleslinlan Univ6rslties was eslabNshed In 1978, registered with IhÉ Ch3rily Commlssion in 1979 and subsequgnlly incorporated as a company 15miled by guarantee In 200e. Frt&nd$ 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@n￿nt 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 pro￿dIng 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 Univers￿188 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$su&d by the Chwily Commlsslon regar(5ing publlc benefit In decldlng what actiwlies the charity should undertake. Page 2 Frlends of Palestinlan Universltiès Report ofthe Trustees for the Year Ended 31 August 2025 ACHIEVEMENTS AND PERFORMANCE Academ1¢ Scholarships The scholarship programme comprises scholarships al Blrzeil Unlversily, and Pint Frlends of P8￿StInian Unwersilies-UNRWA scholarships for Paleslinian rofugee students. Scholarthips 8rè provided on the basls of financial need and ￿ademiC merll. The s¢htslarshlp prograrnrne In Gaza, delivèred in partnershlp with UNRWA, was temporarily suspended as a resutt of th8 outbreak of war in Oclobor 2023. The destruclk)n of the untversily campuses h8118d 18achln9 for mosl of the acadomlc year, only lo be resumad in the Spiing. Frfends of Palèstinian Universilies en&)kwnents are.. Adel8 Every Scho18rship'. funds a female student from vlll8ges or refugee camps. Doreen Ingrams Scholarshlp,. funds onè or MO￿ femalo students with spedal noeds. Petèr Holliday Scholarshlp.. fund8 lemal8 students ladng financlal hardship. Frtènds of Palestinian Universllies 8150 runs mulli.year scholarsh5ps supported by sponsoring donprs. Mulli-ye8r holar5hips lypically cov8r luillon fees and o scholarship administration fee. Sponsoring don(Irs ar6 consulted on speciffc requlr8menls such as.. gander, place ol resid0n￿, ac￿lem$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 proV￿e 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 partI￿pated actively In tho UK Hlghér Educallon Hum8nilarf8n Working Group on Gaza alongside represenlallve5 Univer￿lIeS 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$rsilies In Gaza as the reprgsentsllve body of the higher education sector in GBZa. Thg progranmo Indud¢d a vld& range of publlc and seclor-facing 8¢11vily. In¢ludlng webinars in Ihe Education. Occupation & LiberatTOll series. corted ancl promotèd the expAn$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 ￿slI1u￿Dnts 1￿ClUdIng 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 univers1￿es. 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 ¢h*rty 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¢ 9ng89￿ment 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 un5v8r8￿1￿s 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 P81eStln￿n 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 ￿1￿clIE0n soctor and to gUPPOrt Incr6888d organlsatlon31 capaelty. E¥pandJng fundlng 51re8ms romainB e6senlial lo the long-term v*ablltty 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 prO￿deS 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 Appro￿1 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 Restr￿e￿ 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 bOtw￿n 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 en￿lIad 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 fina￿￿31 8tstem8nls for Ihe yèar end8d 31 August 2025 In accor