REGISTERED CHARITY NUMBER: 1163876 Report of the Trustees and Unalldlted Flnanclal Statements for the Year Ended 30 Aprll 2025 for Brain Circle UK i)/ Grant Harrod Lernwi Davis LLP Chartered Accountants Second Floor. Kirkland House 11.15 Peterborough Road Mlddlesex HAI 2AX
Brffl Clrde L'K Co•ie•ts of (he Flu•dAI Ststewats for th• year e•d•d 3• Apro 2•25 Report of Ib• Tr•stee• She•1 Not•• lo the C••h Flow SIAteme•t Nola to th• FIA••cW Sts¢em••ts
BrAin Clrcle UK Report of the Trustees foi. the yeAr ended 30 Aprll 2025 The trustees present tlieir report with the fiiiancial stateineiits of the charity for the year ended 30 April 2025. The trustees Iiave adoi)ted tlie provisions of Accoiiiitiiig and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accouiits iii accordance with the Financial Reporting Standard applicable in the UIK aiid Republic of Ireland (fRS 102) (effective l January 2019). OILIECTIVES AND ACTIVITIES Objectii'es and Aims To adi'ance education for the public benefit in brain scieiices in particular by: ( l ) providing financial and material assistance and support to and for the carrying on of the brain and neuroscience research at the Edniond aiid Lily Safra Ceiitre for Brain Sciences at the Hebrew University of Jerusalem (ELSQ (including facilities, equipment for students and scientists engaged in such research and also the provision of scholarships for students) and at any non-profit making educational institution of academic standing with which the ELSC shall at any time be amalgamated or associated and at any other such institution anywhere in the world; and (2) developing scientific collaboration between ELSC and other scientific institutions in Britsin or elsewhere in the world conducting brain and neuroscience research. Public benefit The principal aims of the Brain Circle UK are to undertake and promote, for the public benefiL research into the development of the neurosciences at the Edmond & Lily Safra Centre for brain Sciences at the Hebrew University of Jerusalem. ACHIEVEMENTS AND PERFORMANCE Fundraising activities Brain Circle UK organise annual fundraising dinners and galas to support PhD students at ELSC. These evenings involve speakers from ELSC and entertainment. In 2022, Brain Circle UK were the hosts of a travelling European Conference on the topic of Emotions. Following the conference, BCUK organised a fundraising dinner at the Royal Academy of Art for 200 guests. Prof Adi Mizrahi from ELSC was the principal speaker. FirE PLANS We atm to achieve more collaborations with UK institutions such as Gatsby program (Part of the Sainbury foundation and our parther in UK). We also wish to go on fundraising for the Neurosciences PhD Program and funds in generd for ELSC 26 laboratories. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documenL a deed of trust and constitutes a Charitable Incorporated Organisation. REFERENCE AND ADMINISTRATtVE DETAILS Registered Charity Dumber 1163876 Princfipal address 2 J 3 Albany Street NWJ 4AB Trustees D Ilothenberg M Sal¢m Approved by order of the board of tru6 on ... and si8ned on its behalf by M Salem . Tru Page I
BrAln Clrcle UK ,StAtement of FlnAnclAI Actlvltles for the yeAr ended 30 Aprll 2025 2025 Unrestricted fund 2024 Total funds Notes INCONqE.4ND ENDOIVMENTS FROM Donations and legacies 51,245 EIPEN'DITURE ON Raising funds 1,560 Charitable activitles Charitable activities l (Y2J84 Total 1.211 104.144 NET tNCOME/(EXPENDrruRE) (1211) (51899) RECONCILIATION OF FUNDS Totsl funds brought forwaThl 157.835 210.734 IDTAL FUNDS CkRRIED FORWARD 156,624 157.835 forn) p•rt of the60 fina141 sta¢¢n*nlS Pw2
Brnln Clrcle UK BAIAnee Sheet 30 Aprll 202fj 2025 Unrestricted fund 2024 Total funds Notes CURRENT ASSETS C&sh at bank 157,124 159J95 CREDIIDRS Amounts falling due within one year (500) (1,560) NET CURRENT ASSETS 156,624 157,835 TOTAL ASSETS LESS CURRENT LIABILITIES , 156,624 157,839 NET ASSETS 156,624 157I35 10 UnrestriL*d funds 156,624 157835 TOTAL FUNDS 156.624 157,835 The financ staternts were approved by the Board of Trustees and authorised for i M Salem . Trustre The notH forni part of th¢s¢ finarKlal stai¢ffnts Pa8¢ 3
BraAn Clrcle UK Cash Flow Statement for the year ended 30 Aprll 2025 2025 Notes 2024 Cash Ilows frnm operatlnt •ctlvit•eg Cash genced from operations (2271) (SlJ39) cash used in opernting activities (2271) (51 J39) Change in ea9h and cash equiv*lents In the reportlng perlod Cash and Cash equfvalents at Ibe Ixtloniot of the reportiot perlod (2271) (51 J39) 159J95 210.734 Cash afid cash equfvalents at the eDd of the reportlnl perlod 157.124 159J95
BrAln Clrcle UK Note8 to the CAsh finw StAlemenl for Ihe yeAr ended 30 Aprll 2028 RECONCILIAI"ION OF NET EXPENDII'URE I'O NKT CASFI FLOW FROM OPF.RATING ACTIIIITIF.S 2025 2(ll4 Net expendlturn for the reportlnR perlod (AJ per Ihe StAtement of FinanciAI Actli'ltles) Adjustments for: (Decrea.se)/increase in ereditors (1,211) (52,899) (1,060) 1,560 Net cash used in operations (2,271) (51,339) ANALYSIS OF CHANGES IN NET FUNDS At 1.5.24 Cash flow At 30A.25 Net tash Cash at bank 159,395 (2,271) 157,124 159,395 (2271) 157,124 Total 159,395 (2,271) 157.124 Th¢ notH forni part of these financial 6tst¢m¢nts Pa3
Ili"Ain C"Ircle I,, I otes to the Tr-InAnclAI ,6itAtements foi" the Tr'eAr ended JO April 2025 .4CCOl;NI 'TIYC POI,ICIF-S B8sis of plpai1ng the finAnciAI slAtemcnts The financial statenniS ot" Ihe charity., wliich is a public benefit eiitity under FRS 102, have been prepared in accordance Mith tlie Charities SORP (FRS 102) 'Accounting and Reporting by Charities: StatenKm of Recommended PractiLe applicable to charities preparin8 their accounts In accordance with the Financial Rewrting Standard applicable in the UK and Repiiblic of Ireland (FRS 102) (effective l January 2019),, Financial Rcportin8 Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost coni'ention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable thai the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals b&sis and has classified undet headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of Grants offered subJt to conditions which have not been met at the year end date are noted as a commitment but not aCcnd as expa)diture. Taxation The charity is exanpt from tax on its charitable activities. Fund accounting Unrericted fillids can be ed in accordance with the charitable objectives at the discretion of the trustees. Restric funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise th specified by the dormx or when funds are raised for particular restricted purposes. Furt1 explanation of the nature and purpose of each fund is included in the notes to the financial staments. DONATIONS AND LEGACIES 2025 2024 51245 Pa8¢ 6 cOntind...
BrAln C:Ircle UK Notes to the FlnAnclAI StAtementJ - contlnued for Ihe yeAr ended 30 Aprll 202.5 RAISING FIIND5 RAlSing donAtlons And legAcles 2025 2024 Support costs 602 1.560 CHARITABLE ACTIVITIES COSTS Direct Costs Charitable activities 609 GRANTS PAYABLE 2025 2024 Charitable activities 100,126 SUPPORT COSTS Governance costs Finance Raising donations and legacies 102 500 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 30 April 2025 nor for year ended 30 A71 2024. Thc wue no tru&ees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024. COMPARATIVES FOR THE STATEMEwf OF FINANCIAL AcfiviTIES INCOME AND ENDOWMENTS FROM Donations and le8aci¢s 5124S EXPENDITURE ON Raising funds C>Arfitsbk Charitabje activili 102.584 Total 104.144 NET INCOMFJ(EXPENDJTURE) (52.899) Po8@ 7 contlnu¢d...
Brain Circle UK Notes to the Financial Statements- continued for the year ended 30 April 2025 COMPARATIVES FOR TIIE STATF.MF.NT OF FINANCIAL ACTIVITIES- contlnued Unrestricted fund RECONCILIATION OF FIINDS Total funds brouglit fonirard 210,734 TOTAL FIINDS C.ARRIED FORM'AIID 157,835 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors 500 1,560 10. MOVEMENT IN FUNDS Net movement in funds At 30.4.25 At 1.5.24 Unrestricted funds General fund 157,835 (1,211) 156,624 TOTAL FUNDS 157,835 (1,211) 156,624 Net movemart in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds (1211) (1.211) (1,211) (1.211) C4mpArntive6 for movement In funds Net movement in funds Al 30.424 At 1,5.23 210,734 (52,899) 157.835 T(yfAL FUNJ)S 210,734 (52,899) 157.835 PA8¢ 8 ontinued...
IlrAln C'lrcle 11 I 'Otes to Ihe TrinAnc6AI .¢itAtementi- conllnued for Ihe !'eAr en(led 30 Aprll 2n2.$ 10. IOI'EI1Tr"NT IN FIINDS- conllnued Coniparatii'e nel moi'eineffl in funds. included in Ihe above are as follows: Incoming resourceg Resources expended m0veffnI in funds l7nrestrlcted funds Genml fund 51.245 (104,144) (52,899) IDTAL FITNDS 51,245 (104,144) (52.899) A current >'eAr 12 months and prior s'ear 12 monihs combined position is as follows: Net movement in funds At 30.4.25 At 1.5.23 Ullrestrieted funds General fund 210,734 (54.110) 156,624 TOTAL FUNDS 210,734 (54,110) 156,624 A current year 12 months and prior year 12 months combined net movement in funds. included in the atK)ve are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fimd 51,245 (105.355) (54.110) TOTAL FUNDS 51,245 (105,355) (54,110) 11. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 30 April 2025. Page 9