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2025-06-30-accounts

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE

YEAR ENDED 30 JUNE 2025

COMPANY REGISTRATION NUMBER 09649856 CHARITY NUMBER 1163637

COHEN ARNOLD

Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

CONTENTS PAGES
Members of the Board and professional advisers 1
Trustees Annual Report 2
Independent auditor's report to the members 10
Statement of financial activities (incorporating the
income and expenditure account) 14
Balance sheets 15
Statement of Cash Flows 17
Notes to the financial statements 18

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE) MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS

YEAR ENDED 30 JUNE 2025

Reference and administrative details

Registered charity name Bonei Olam Limited Charity registration number 1163637 Company registration number 09649856 Principle office and registered 130a Northwold Road office London E5 8RA UK The trustees Mr J Englander Mr C Reichberg Mrs E Weissman Mr A J Sprung Mr A D Leitner Mr B Rudzinski Mr I Moskovitz Company secretary Mr C Reichberg Independent auditor Cohen Arnold Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE) TRUSTEES ANNUAL REPORT

YEAR ENDED 30 JUNE 2025

The trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and audited financial statements for the year ended 30 June 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Reference and administrative details are shown in the schedule of members of the board and professional advisers on page 1 of the financial statements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Legal structure

Bonei Olam UK was originally founded as a charitable trust in 2004, created to support couples experiencing infertility. On 1 July 2017, the charity’s activities were transferred to a newly formed incorporated charity Bonei Olam Limited (charity number 1163637, company number 09649856). In the trustees’ view, this structure is better suited to the scale and nature of the charity’s work. The governing document is the Memorandum and Articles of Association.

Governance and management

The charity is overseen by a board of seven trustees, none of whom receives payment for services rendered to the charity. The power to appoint new trustees rests with the board. Each trustee brings relevant skills to support the charity’s governance and continued growth, with collective experience spanning charity management, governance, and fundraising.

To deliver its strategy and objectives, the charity employs staff who manage and administer day-to-day operations. Trustees also take an active role in strategic management, in addition to their governance responsibilities.

Risk management

The trustees regularly assess the risks facing the charity, maintaining an ongoing process to identify, evaluate and manage those risks. Key areas of concern include operational risks, the quality of support provided to those experiencing infertility, and financial sustainability. The trustees are satisfied that appropriate systems are in place to manage the charity’s risk exposure effectively.

OBJECTIVES AND ACTIVITIES Objectives and aims

Bonei Olam’s purpose is to support couples affected by infertility. The charity was founded by individuals who have themselves experienced the challenge of infertility. Its charitable object is ‘the relief of sickness amongst those who are suffering from infertility problems through the provision of financial assistance, resources, support and information provided in accordance with Jewish law and tradition.’

Bonei Olam works principally with Orthodox Jewish patients, for whom fertility treatments are often complicated by the requirements of Halacha (Jewish law). Its primary areas of operation are Barnet, Hackney, Haringey, Manchester and Gateshead, though it also receives referrals and provides services to patients across England and Europe.

The charity pursues its charitable object through the following activities:

Throughout the year, Bonei Olam has continued to build on its existing services while launching new initiatives to meet the evolving needs of the community it serves.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE) TRUSTEES ANNUAL REPORT

YEAR ENDED 30 JUNE 2025

Improved patient advice and services

This year, Bonei Olam provided sensitive, expert advice and support to 602 couples navigating the challenges of infertility. The quality of the charity’s work continues to be recognised and valued by both patients and clinicians alike. The charity’s impact is reflected in the following figures for the year:

The charity’s counsellors, both volunteer and employed, have continued to develop their professional expertise in a number of key areas:

Patient Advocacy and Support

Bonei Olam undertakes patient advocacy on two levels. At a systemic level, the charity liaises with fertility centres and clinicians to improve the care they offer particularly in areas where Jewish law intersects with clinical practice. Strong relationships have been cultivated with local NHS services, including clinicians, managers and commissioners, to ensure a seamless interface between NHS-funded pathways and private treatment. This has made NHS services increasingly accessible to eligible patients observing Orthodox Jewish practice, meaningfully reducing the financial burden on these families.

At an individual level, Bonei Olam supports each couple in identifying and accessing the optimal treatment plan for their circumstances. The charity’s refined approach to advising patients with Polycystic Ovarian Syndrome (PCOS) a leading cause of infertility has continued to yield significantly improved outcomes.

Financial support for medical treatments

For many patients, the cost of fertility treatment is simply beyond reach. As the likelihood of a positive outcome diminishes with age, the absence of financial support can mean that some couples never have the family they hope for. Funding for couples who cannot be assisted through the NHS therefore remains Bonei Olam’s single largest area of expenditure.

The trustees continue to pursue strategies to reduce the cost of care while maintaining quality. This includes:

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE) TRUSTEES ANNUAL REPORT

YEAR ENDED 30 JUNE 2025

Bonei Olam remains committed to delivering the best possible care at the lowest possible cost to its beneficiaries.

This year, the global Bonei Olam network marked a remarkable milestone, celebrating the fourteen thousandth baby born to parents who had received Bonei Olam’s support, and the 25th year of incorporating Bonei Olam into this world.

Financial support for medical treatments

For many patients, the cost of fertility treatment is simply beyond reach. As the likelihood of a positive outcome diminishes with age, the absence of financial support can mean that some couples never have the family they hope for. Funding for couples who cannot be assisted through the NHS therefore remains Bonei Olam’s single largest area of expenditure.

The trustees continue to pursue strategies to reduce the cost of care while maintaining quality. This includes:

Bonei Olam remains committed to delivering the best possible care at the lowest possible cost to its beneficiaries.

This year, the global Bonei Olam network marked a remarkable milestone, celebrating the fourteen thousandth baby born to parents who had received Bonei Olam’s support, and the 25th year of incorporating Bonei Olam into this world.

DEVELOPMENT OF SERVICES

Counselling Services

Mental wellbeing has a profound impact on fertility outcomes. For some patients, infertility stems from emotional or relational factors, and counselling alone can be sufficient to address the underlying issues. For others where medical intervention is necessary, integrating counselling into the treatment plan can significantly improve the prospects of success. Bonei Olam continues to invest in this vital dimension of its service.

A new podcast, the ‘Waiting Room’, was established this year. Created by renowned producer Itzy Zieg, who is also a passionate Bonei Olam counsellor in New York, the podcast is available exclusively to Bonei Olam beneficiaries. It offers a wealth of encouragement and support from professionals as well as from fellow couples going through the fertility journey themselves.

Manchester Branch

The Manchester service continues to grow at pace. To date, 129 babies have been born to parents supported by Bonei Olam in the region, a testament to the branch’s growing impact. The team now comprises a new executive board, a rabbinic board, six trained counsellors, a medical director, coordinator, administrative staff and fundraisers.

Fundraising efforts continued to gain momentum as community awareness of Bonei Olam’s work grows and more supporters recognise the need to expand services locally.

The Jewish witnessing project has now expanded considerably, adding security alongside the government HFEA supervision. Volunteers are available 24/7 at all major clinics.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE) TRUSTEES ANNUAL REPORT

YEAR ENDED 30 JUNE 2025

Gateshead Branch

Bonei Olam established its own local office in Gateshead to serve the regional community. A dedicated medical administrator is now in place to assist couples in navigating local clinics and treatment options.

A recurring challenge for Gateshead couples is that specialist fertility appointments are largely concentrated in London. With significant travel time involved and video consultations not always appropriate, Bonei Olam is exploring the possibility of opening a Nova Health Clinic in Gateshead mirroring the model that operates successfully in Stamford Hill. The charity is working with Dr Matthew Prior, Consultant Gynaecologist at Newcastle Fertility Centre, to develop this concept.

Medical Developments

Bonei Olam continued to advance its clinical services and foster innovation in fertility care during the year. Key developments include:

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 30 JUNE 2025

Bonei Olam’s Other Programmes

NOVA HEALTH CLINIC

The Nova Health Clinic is Bonei Olam’s wholly owned subsidiary, situated close to the charity’s main offices. The clinic provides medical services to patients on a fee-paying basis, including scans, tests and procedures. In due course, it is anticipated that the Nova Clinic will generate surpluses to help sustain Bonei Olam’s broader operations. The clinic serves both Bonei Olam beneficiaries and members of the general public, many of whom make regular use of its ultrasound and other services.

Bonei Olam refers its beneficiaries to the Nova Clinic, as well as to other specialist fertility clinics, covering the cost of services used. Patients are invited to make a contribution to the charity according to their means, though this is entirely voluntary.

In August 2023, the Nova Clinic became operationally independent, obtaining its own CQC registration and establishing itself as a standalone gynaecological and fertility clinic. The clinic’s modern, wellappointed premises were provided through the generosity of a patron, offering patients a calm and professional environment for their care.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 30 JUNE 2025

The clinic is open five days a week throughout the year and continues to expand its range of services. An overseas preparation pathway has been established, allowing UK couples being treated abroad to complete the initial phases of their treatment at Nova before travelling for their final procedure. The clinic’s dispensing service ensures that treatment can begin promptly, covering the first three days of specialist medication drugs that are not routinely stocked and can take several days to order from a pharmacy).

The Clinic is now able to offer many fertility treatments to patients on site, including 3D saline infusion sonography, fallopian tubal patency assessments using HyCoSy expanding foam, and routine internal speculum examinations. Patients requiring procedures that demand an on-site laboratory or operating theatre are referred to a hospital setting. New services added this year include GyneFix, an exclusive UK clinic run by Dr Praveen Jayadeva, Consultant at the John Hunter Clinic, Chelsea and Westminster NHS Trust, London; Manual Vacuum Aspiration (MVA), a surgical procedure used to treat early miscarriage; and late pregnancy scanning provided by Dr Yair Blecher.

Two of the highest-performing fertility clinics in the UK (per HFEA.gov.uk) the CRGH and The Lister Fertility Clinic are now formally associated with Nova, collaborating to provide local scanning for patients undergoing IVF, ICSI and PGD.

The clinic is led by Mr Dimitrios Mavrelos BA (Oxon) MBBS MD MRCOG, Consultant Gynaecologist at UCH, and Dr Steven Moser, Interventional Radiologist and specialist in male urological ultrasound. Dr Moser is able to diagnose and treat the majority of male patients seen at the clinic; where further intervention is indicated, he carries out procedures at The Wellington Hospital and The London Clinic. The recent installation of ViewPoint Ultrasound Reporting has elevated the clinic’s reporting capability to gold standard.

Fundraising

North West London has now secured a strong and growing base of committed supporters. The third annual exclusive event, held in April, successfully secured funding for both primary and secondary infertility treatments, with plans in place to expand this further in the coming year.

FINANCIAL REVIEW

Bonei Olam’s Ohel Sarala Project remains a cornerstone of the charity’s fundraising activity. This initiative, which continues to grow year on year, enables donors to set up modest monthly contributions creating a reliable and diversified income stream that is not dependent on any single major funder.

Total income for the year ending 30 June 2025 was £1.99m, compared with £1.68m in the prior year an increase of £310k (18.5%). This growth reflects strong fundraising performance across all branches, with North London raising £774k, North West London £547k, Manchester £311k and Gateshead £47k. Patient contributions grew to £191k (2024: £150k) and Nova Health Clinic income increased to £116k (2024: £105k).

Total expenditure for the year was £2.1m (2024: £1.6m). This significant increase reflects the charity’s expanded scale of activity, particularly in medical treatment costs, which rose to £938k (2024: £551k) the largest single area of spend. Patient advice costs grew to £470k (2024: £358k), reflecting a larger case load, and staff costs increased to £306k (2024: £208k) as headcount rose from 14 to 18 employees. Fundraising costs fell to £234k (2024: £290k), demonstrating improved efficiency in income generation.

The net deficit for the year was £121k (2024: surplus of £76k), resulting primarily from the expansion of charitable activities and medical treatment provision outpacing income growth. Total unrestricted reserves carried forward at 30 June 2025 stood at £92,163.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE) TRUSTEES ANNUAL REPORT

YEAR ENDED 30 JUNE 2025

Reserves policy

The trustees’ reserves policy is to hold the equivalent of between three and six months’ running costs as free reserves, recognising that this target cannot always be achieved. Based on operating costs of £2,093,133 less medical treatment grants of £937,674, the charity’s underlying cost base is £1,155,459. Unrestricted reserves at the year end stood at £92,163, representing approximately one month’s operating costs, which is below the target range. The trustees are actively pursuing new funding opportunities to rebuild the reserves position and ensure the charity’s long-term stability and resilience.

Public benefit

The trustees have given careful consideration to the Charity Commission’s guidance on public benefit in reviewing Bonei Olam’s aims and objectives and in planning future activities. They have also had due regard to their obligations under the Equality Act 2010 and are satisfied that these obligations are met.

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees, who also serve as directors 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 charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for maintaining 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 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

AUDITOR

Each of the persons who is a trustee at the date of approval of this report confirms that so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and that they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. Cohen Arnold is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

TRUSTEES ANNUAL REPORT

YEAR ENDED 30 JUNE 2025

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Approved by order of the board of trustees on 30 April 2026 and signed on its behalf by:

Mr J Englander Director/Trustee

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF BONEI OLAM

YEAR ENDED 30 JUNE 2025

OPINION

We have audited the financial statements of Bonei Olam (the ‘parent company’) and its subsidiary (the ‘group’) for the year ended 30 June 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Parent Company Balance Sheets, the Consolidated Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The Financial Reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the parent company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

In our opinion the financial statements:

BASIS FOR OPINION

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

CONCLUSIONS RELATING TO GOING CONCERN

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

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BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF BONEI OLAM

YEAR ENDED 30 JUNE 2025

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

OPINION ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

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

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.

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

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF BONEI OLAM

YEAR ENDED 30 JUNE 2025

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

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF BONEI OLAM

YEAR ENDED 30 JUNE 2025

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

New Burlington House 1075 Finchley Road LONDON NW11 0PU

DAVID GOLDBERG (Senior Statutory Auditor) For and on behalf of COHEN ARNOLD Chartered Accountants & Statutory Auditor

Dated: 30 April 2026

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED

(LIMITED BY GUARANTEE)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME & EXPENDITURE ACCOUNT)

YEAR ENDED 30 JUNE 2025 YEAR ENDED 30 JUNE 2025 YEAR ENDED 30 JUNE 2025
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2025 2024
Note £ £ £ £
INCOME AND
ENDOWMENTS
Donations and legacies 4 1,673,169 6,000 1,679,169 1,417,732
Charitable activities 5 190,777 - 190,777 150,175
Other trading activities:
Nova Health Clinic 6 116,352 - 116,352 104,720
Rental income 276 - 276 4,331
---------------------------------------------- ------------------------------------ ---------------------------------------------- ----------------------------------------------
TOTAL INCOME 1,980,574 6,000 1,986,574 1,676,958
════════════ ══════════ ════════════ ════════════
EXPENDITURE
Expenditure on raising funds:
Costs of raising donations
and legacies 7 233,957 - 233,957 289,906
Expenditure on charitable
activities 8/9 1,533,286 14,163 1,547,449 1,056,819
Nova Health Clinic 10 325,890 - 325,890 254,174
---------------------------------------------- ------------------------------------ ---------------------------------------------- ----------------------------------------------
TOTAL 2,093,133 14,163 2,107,296 1,600,899
════════════ ══════════ ════════════ ════════════
NET (DEFICIT) /
SURPLUS (112,559) (8,163) (120,722) 76,059
------------------------------------ ------------------------------- ------------------------------------ ------------------------------------
NET MOVEMENT IN
FUNDS (112,559) (8,163) (120,722) 76,059
RECONCILIATION OF
FUNDS
Total funds brought forward 204,722 40,822 245,544 169,485
------------------------------------ ------------------------------- ------------------------------------ ------------------------------------
TOTAL FUNDS CARRIED
FORWARD 92,163 32,659 124,822 245,544
==================================== =============================== ==================================== ====================================

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 18 to 28 form part of these financial statements.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

CONSOLIDATED BALANCE SHEET

30 JUNE 2025

2025 2024
Note £ £ £
FIXED ASSETS
Tangible fixed assets 16 145,685 176,691
CURRENT ASSETS
Debtors 18 6,870 -
Cash at bank and in hand 121,163 148,903
------------------------------- -------------------------------
128,033 148,903
CREDITORS: amounts falling due within one
year 19 (124,754) (51,004)
------------------------------- -------------------------------
NET CURRENT ASSETS 3,279 97,899
------------------------------------- -------------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 148,964 274,590
CREDITORS: amounts falling due after more
than one year 20 (24,142) (29,046)
------------------------------------- -------------------------------------
NET ASSETS 124,822 245,544
===================================== =====================================
FUNDS OF THE CHARITY
Restricted funds 22 32,659 40,822
Unrestricted funds 23 92,163 204,722
------------------------------------- -------------------------------------
TOTAL CHARITY FUNDS 124,822 245,544
===================================== =====================================

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

These financial statements were approved by the board of trustees and authorised for issue on 30 April 2026, and are signed on behalf of the board by:

Mr J Englander Director/Trustee

Company Registration Number: 09649856

The notes on pages 18 to 28 form part of these financial statements.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

BALANCE SHEET

30 JUNE 2025

2025 2024
Note £ £ £
FIXED ASSETS
Tangible fixed assets 16 119,438 137,321
Investments 17 100 100
------------------------------------- -------------------------------------
119,538 137,421
CURRENT ASSETS
Debtors 18 18,339 2,030
Cash at bank and in hand 120,806 140,100
------------------------------- -------------------------------
139,145 142,130
CREDITORS: amounts falling due within one
year 19 (124,754) (32,764)
------------------------------- -------------------------------
NET CURRENT ASSETS 14,391 109,366
------------------------------------- -------------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 133,929 246,787
CREDITORS: amounts falling due after more
than one year 20 (24,142) (29,046)
------------------------------------- -------------------------------------
NET ASSETS 109,787 217,741
===================================== =====================================
FUNDS OF THE CHARITY
Restricted funds 22 32,659 40,822
Unrestricted funds 23 77,128 176,919
------------------------------------- -------------------------------------
TOTAL CHARITY FUNDS 109,787 217,741
===================================== =====================================

The Charity's own net deficit for the year was £107,954 (2024: £89,864 surplus).

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

These financial statements were approved by the board of trustees and authorised for issue on 30 April 2026, and are signed on behalf of the board by:

Mr J Englander

Director/Trustee

Company Registration Number: 09649856

The notes on pages 18 to 28 form part of these financial statements.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOWS

YEAR ENDED 30 JUNE 2025

2025 2024
£ £
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (120,722) 76,059
Adjustments for:
Depreciation of tangible fixed assets 31,006 31,681
Interest payable and similar charges -
Changes in:
Trade and other debtors (6,870) 3,500
Trade and other creditors 73,750 8,994
────────── ──────────
Cash generated from operations (22,836) 120,234
Interest received - -
────────── ──────────
Net cash from operating activities (22,836) 120,234
══════════ ══════════
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible assets - -
─────────── ───────────
Net cash used in investing activities - -
══════════ ══════════
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowing (4,904) (4,907)
─────────── ───────────
Net cash from financing activities (4,904) (4,907)
══════════ ══════════
NET INCREASE / (DECREASE) IN CASH AND
CASH EQUIVALENTS (27,740) 115,327
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 148,903 33,576
------------- -------------
CASH AND CASH EQUIVALENTS AT END OF YEAR 121,163 148,903
══════════ ══════════

The notes on pages 18 to 28 form part of these financial statements.

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Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

1.

GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 130a Northwold Road, London, E5 8RA, UK.

2.

STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', 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 (FRS 102) (Charities SORP (FRS 102)); the companies act 2006 and the Charities Act 2011.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in Sterling, which is the functional currency of the entity.

The charity constitutes a public benefit entity as defined by FRS102.

Consolidation

The group financial statements incorporate the audited financial statements of the company and its wholly owned subsidiary, Nova Health Clinic Limited, whose financial statements are made up to the same date as the holding company 30 June 2023.

Judgements and key sources of estimation uncertainty

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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

The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Going Concern

The trustees have reviewed the cash flow forecast and are of the opinion that the charity is able to continue as a going concern for the foreseeable future.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured.

Grants and donations

Grants and donations are only included in the statement of financial activities when the Charity has unconditional entitlement to the resources. Donations represent voluntary amounts received during the year.

- 18 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

3. ACCOUNTING POLICIES (continued)

Legacies

Legacies are included in the Financial Statements as soon as their receipt can be anticipated with a high degree of certainty. This frequently coincides with the funds being received.

Fund accounting

General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in the furtherance of the general objectives of the Charity.

Restricted funds are funds subject to specific restricted conditions imposed by donors.

Designated funds are funds which have been set aside at the discretion of the Trustees for specific purposes. There are no Designated Funds as at the Balance Sheet date.

Expenditure

Expenditure is charged on an accruals basis and allocated to the appropriate headings in the accounts.

The majority of costs are directly attributable to specific activities. Costs incurred in respect of the charitable activities include elements of staff costs and attributable support costs.

Support costs

Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on the basis of time and other resources dedicated to the respective services.

Governance costs

Governance costs are associated with the governance arrangements of the Company and Charity and relate to the general running of both. These costs include audit, legal advice for Trustees and costs associated with meeting constitutional and statutory requirements such as the cost of Trustee meetings and the preparation of the statutory accounts.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Short leasehold improvement over the term of the lease Plant and Machinery 25% reducing balance Equipment some at 30% reducing balance, 10% straight line and 16 years straight line Sefer Torah 2% straight line

- 19 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

4. DONATIONS AND LEGACIES

4. DONATIONS AND LEGACIES
Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Donations
North London 767,857 6,000 773,857
Northwest London 547,305 - 547,305
Manchester 310,650 - 310,650
Gateshead 47,357 - 47,357
------------------------------------- ------------------------------- -------------------------------------
1,673,169 6,000 1,679,169
===================================== =============================== =====================================
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
North London 598,900 - 598,900
Northwest London 387,832 - 387,832
Manchester 394,000 - 394,000
Gateshead 37,000 - 37,000
------------------------------------- ------------------------------- -------------------------------------
1,417,732 - 1,417,732
===================================== =============================== =====================================
5. INCOME FROM CHARITABLE ACTIVITIES
Total Funds
Unrestricted Total Funds Unrestricted
Funds 2025 2024
£ £ £
Patient contributions 190,777 190,777 150,175
=============================================== =============================================== ===============================================
6. OTHER TRADING ACTIVITIES
Total Funds
Unrestricted Total Funds
Unrestricted
Funds 2025 2024
£ £ £
Nova Health Clinic income 116,352
116,352		 104,720
============== ============== ==============
7. COSTS OF RAISING DONATIONS AND LEGACIES
Total Funds
Unrestricted Total Funds Unrestricted
Funds 2025 2024
£ £ £
Fundraising costs 233,957 233,957 289,906
===================================== ===================================== =====================================

- 20 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

8. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2025 2024
£ £ £ £
Patient advice 470,160 - 470,160 357,860
Patient advocacy 19,652 - 19,652 11,856
Medical treatment costs 937,674 - 937,674 550,888
Infertility education & awareness 17,153 - 17,153 33,626
Nova Health Clinic 201 8,163 8,364 14,057
Support costs 94,446 - 94,446 88,532
----------------------------------------------- ----------------------------------------------- ----------------------------------------------- -----------------------------------------------
1,539,286 8,163 1,547,449 1,056,819
=============================================== =============================================== =============================================== ==============================================

Of the £1,056,819 expenditure in 2024, £1,048,656 was charged to unrestricted funds and £8,163 to restricted funds.

9. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE

Activities
undertaken Support Total Funds Total Funds
directly costs 2025 2024
£ £ £ £
Patient advice 470,160 27,165 497,325 383,141
Patient advocacy 19,652 1,135 20,787 12,711
Medical treatment costs 937,674 54,177 991,851 597,109
Infertility education & awareness 17,153 991 18,144 36,050
Nova Health Clinic 8,364 484 8,848 18,347
Governance costs 10,494 10,494 8,977
----------------------------------------------- ----------------------------------------------- ----------------------------------------------- -----------------------------------------------
1,453,003 94,446 1,547,449 1,056,334
=============================================== =========================================== =============================================== ==============================================
10. COSTS OF OTHER TRADING ACTIVITES
Total Funds
Unrestricted Total Funds Unrestricted
Funds 2025 2024
£ £ £
Nova Health Clinic costs 325,890 325,890 254,174
===================================== ===================================== =====================================
11. NET INCOME FOR THE YEAR
This is stated after charging:
2025 2024
£ £
Depreciation of tangible fixed assets 31,006 31,681
=============================== ===============================

- 21 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

12. AUDITORS REMUNERATION

12. AUDITORS REMUNERATION
2025 2024
£ £
Fees payable for the audit of the financial statements 9,000 6,000
========================== ==========================
13. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
2025 2024
£ £
Wages and salaries 295,825 194,707
Social security costs 9,431 8,743
Other employee benefits 1,118 4,696
----------------------------------------------- -----------------------------------------------
306,444 208,146
=============================================== ==============================================
Particulars of employees:
2025 2024
No No
Number of Full Time Staff 1 1
Number of Part Time Staff 17 13
-------------- --------------
18 14
=============== ===============

The number of employees whose remuneration for the year fell within the following bands, were:

2025 2024
No No
£60,000 to £69,999 - -

14. TRUSTEE REMUNERATION AND EXPENSES

No trustees received any remuneration during the year (2024: £Nil). The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

- 22 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

15. TANGIBLE FIXED ASSETS Group

Short
leasehold Plant and
improvements machinery Equipment Sefer Torah Total
£ £ £ £ £
Cost
At 30 June 2024 151,813 1,813 113,785 53,500 320,911
Additions - - - - -
------------------------------- -------------------------- ------------------------------- ------------------------------------- -------------------------------------
At 30 June 2025 151,813 1,813 113,785 53,500 320,911
=============================== ========================== =============================== ===================================== =====================================
Depreciation
At 1 July 2024 70,429 1,572 69,072 3,147 144,220
Charge for the year 20,492 60 9,447 1,007 31,006
------------------------------- -------------------------- ------------------------------- ------------------------------------- -------------------------------------
At 30 June 2025 90,921 1,632 78,519 4,154 175,226
=============================== ========================== =============================== ===================================== =====================================
Carrying amount
At 30 June 2025 60,892 181 35,266 49,346 145,685
=============================== ========================== =============================== ===================================== =====================================
At 30 June 2024 81,384 241 44,713 50,353 176,691
=============================== ========================== =============================== ===================================== =====================================
Company
Short
leasehold Plant and
improvements machinery Equipment Sefer Torah Total
£ £ £ £ £
Cost
At 30 June 2024 86,197 1,813 113,785 53,500 255,295
Additions - - - - -
------------------------------- -------------------------- ------------------------------- ------------------------------------- -------------------------------------
At 30 June 2025 86,197 1,813 113,785 53,500 255,295
=============================== ========================== =============================== ===================================== =====================================
Depreciation
At 1 July 2024 44,183 1,572 69,072 3,147 117,974
Charge for the year 7,369 60 9,447 1,007 17,883
------------------------------- -------------------------- ------------------------------- ------------------------------------- -------------------------------------
At 30 June 2025 51,552 1,632 78,519 4,154 135,857
=============================== ========================== =============================== ===================================== =====================================
Carrying amount
At 30 June 2025 34,645 181 35,266 49,346 119,438
=============================== ========================== =============================== ===================================== =====================================
At 30 June 2024 42,014 241 44,713 50,353 137,321
=============================== ========================== =============================== ===================================== =====================================

- 23 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

16. INVESTMENTS

Movement in market value

Movement in market value
2025 2024
£ £
Market value at 1 July 2024 100 100
=============== ===============
Market value at 30 June 2025 100 100
=============== ===============
Historical cost at 30 June 2024 100 100
=============== ===============
Analysis of investments at 30 June 2025 between funds
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2025 2024
£ £ £ £
Other investments
UK Group undertakings 100 - 100 100
=============== =============== =============== ===============

The subsidiary undertaking, Nova Health Clinic Limited, is a wholly owned trading company, incorporated and registered in England and Wales, whose registered address is 130a Northwold Road, London, United Kingdom E5 8RA. The aggregate capital and reserves as at 30 June 2025 totalled £15,135. The loss for the year totalled £12,768.

17. DEBTORS

DEBTORS
Group Company
2025 2024 2025 2024
£ £ £ £
Amounts owed by group undertakings - - 11,469 2,030
Prepayments and accrued income 6,870 - 6,870 -
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
6,870 - 18,339 2,030
==================================== ==================================== ===================================== =====================================

See note 26 for related party transactions included in other debtors.

18. CREDITORS: Amounts falling due within one year

Group Company
2025 2024 2025 2024
£ £ £ £
Social security and other taxes 6,521 16,331 6,521 16,331
Accruals and deferred income 9,000 10,440 9,000 7,200
Loan creditors 109,233 9,233 109,233 9,233
------------------------------------ ------------------------------------ ------------------------------------ ------------------------------------
124,754 36,004 124,754 32,764
==================================== ==================================== ===================================== =====================================

- 24 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

19. CREDITORS: Amounts falling due after more than one year

Group Company
2025 2024 2025 2024
£ £ £ £
Bank loans and overdraft 24,142 29,046 24,142 29,046
==================================== ==================================== ===================================== =====================================

20. PENSIONS AND OTHER POST RETIREMENT BENEFITS

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £Nil (2024: £Nil).

21. RESTRICTED INCOME FUNDS

Group

Group
Balance at Incoming Outgoing Balance at
1 July 2024 resources resources Transfers 30 June 2025
£ £ £ £ £
Restricted Fund 40,822 6,000 (14,163) - 32,659
==================================== ==================================== ==================================== ==================================== ====================================
Balance at Incoming Outgoing Balance at
1 July 2023 resources resources Transfers 30 June 2024
£ £ £ £ £
Restricted Fund 48,985 - (8,163) - 40,822
==================================== ==================================== ==================================== ==================================== ====================================
Company
Balance at Incoming Outgoing Balance at
1 July 2024 resources resources Transfers 30 June 2025
£ £ £ £ £
Restricted Fund 40,822 6,000 (14,163) - 32,659
==================================== ==================================== ==================================== ==================================== ====================================
Balance at Incoming Outgoing Balance at
1 July 2023 resources resources Transfers 30 June 2024
£ £ £ £ £
Restricted Fund 48,985 - (8,163) - 40,822
==================================== ==================================== ==================================== ==================================== ====================================

- 25 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

22. UNRESTRICTED INCOME FUNDS

Group

Group
Balance at Incoming Outgoing Balance at
1 July 2024 resources resources Transfers 30 June 2025
£ £ £ £ £
General Funds 204,722 1,980,574 (2,093,133) - 92,163
==================================== ==================================== ==================================== ==================================== ====================================
Balance at Incoming Outgoing Balance at
1 July 2023 resources resources Transfers 30 June 2024
£ £ £ £ £
General Funds 120,500 1,676,958 (1,592,736) - 204,722
==================================== ==================================== ==================================== ==================================== ====================================
Company
Balance at Incoming Outgoing Balance at
1 July 2024 resources resources Transfers 30 June 2025
£ £ £ £ £
General Funds 176,919 1,864,222 (1,964,013) - 77,128
==================================== ==================================== ==================================== ==================================== ====================================
Balance at Incoming Outgoing Balance at
1 July 2023 resources resources Transfers 30 June 2024
£ £ £ £ £
General Funds 78,892 1,572,238 (1,474,211) - 176,919
==================================== ==================================== ==================================== ==================================== ====================================

23. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Group Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Tangible fixed assets 113,026 32,659 145,685
Current assets 128,033 - 128,033
Creditors less than 1 year (124,754) - (124,754)
Creditors greater than 1 year (24,142) - (24,142)
------------------------------- ------------------------------------- -------------------------------------
Net assets 92,163 32,659 124,822
=============================== ===================================== =====================================
Company Unrestricted Restricted Total Funds
Funds Funds 2025
£ £ £
Tangible fixed assets 86,779 32,659 119,438
Investments 100 - 100
Current assets 139,145 - 139,145
Creditors less than 1 year (124,754) - (124,754)
Creditors greater than 1 year (24,142) - (24,142)
------------------------------- ------------------------------------- -------------------------------------
Net assets 77,128 32,659 109,787
=============================== ===================================== =====================================

Group

- 26 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED

(LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2025

Group Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 135,869 40,822 176,691
Current assets 148,903 - 148,903
Creditors less than 1 year (51,004) - (51,004)
Creditors greater than 1 year (29,046) - (29,046)
------------------------------- ------------------------------------- -------------------------------------
Net assets 204,722 40,822 245,544
=============================== ===================================== =====================================
Company Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 96,499 40,822 137,321
Investments 100 - 100
Current assets 142,130 - 142,130
Creditors less than 1 year (32,764) - (32,764)
Creditors greater than 1 year (29,046) - (29,046)
------------------------------- ------------------------------------- -------------------------------------
Net assets 176,919 40,822 217,741
=============================== ===================================== =====================================
24. ANALYSIS OF CHANGES IN NET DEBT
Group
Group
At 1 July At 30 June
2024 Cash flows 2025
£ £ £
Cash in hand and at bank 148,903 (27,740) 121,163
Debt due after one year (29,046) 4,904 (24,142)
------------------------------------ ------------------------------------ ------------------------------------
119,857 (22,836) 97,021
==================================== ==================================== ====================================
25. OPERATING LEASE COMMITMENTS
The total future minimum lease payments under non-cancellable operating leases are as follows:
2025 2024
£ £
Not later than 1 year 27,480 51,480
Later than 1 year and not later than 5 years 82,440 109,920
Later than 5 years - 27,480
------------------------------------- -------------------------------------
109,920 188,880
===================================== =====================================

26. RELATED PARTY TRANSACTIONS

Amounts owed by group undertakings in note 17 relates to Nova Health Clinic Limited, a wholly owned subsidiary of Bonei Olam Limited.

27. COMPANY LIMITED BY GUARANTEE

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

- 27 -

Docusign Envelope ID: E5FD93E7-B66B-88F0-8084-4D4121324DCF

BONEI OLAM LIMITED (LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES ( INCORPORATING THE INCOME & EXPENDITURE ACCOUNT)

YEAR ENDED 30 JUNE 2025

28. SUMMARY OF MANCHESTER BRANCH

SUMMARY OF MANCHESTER BRANCH
2025 2024
£ £
Income
Donations Received 277,151 302,491
Charitable activities 33,223 14,944
Other Income 276 4,331
==================================== ====================================
Expenditure
Patient advice 70,174 21,979
Patient advocacy 6,659 1,457
Medical treatment costs 185,682 37,645
Infertility education & awareness 3,258 2,194
Wages and support costs 83,523 21,821
==================================== ====================================

-28-