REGISTERED CHARrrY NUMBER: 1172236
Report of the Trustees and
Unaudited Financial Statements
FOR THE YEAR ENDED
31 De￿mber 2023
BRMSH FRIENDS OF THE OPEN UNIVERsrrY
OF ISRAEL {BFOUI)
Melinek Fine LLP
Chartered AccoLJntants
First Floor, Winston House
349 Regents Park Road
London
N3 IDH

BRrrIsH FRIENDSOF THE OPEN UNIVERSITY
OF ISRAEL (BFOUI)
Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
Report of the Trustees
I to 2
statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
5 to 6
Detailed Statement of Financial Activities

BRrrIsH FRIENDSOF THE OPEN UNIVERSITY
OF ISRAEL (BFOUI)
Report of the Trustees
FOR THE YEAR ENDED 31 DECEMBER 2023
The trLJStees present their repc>rt with the financial statements of the charity for the year ended 31 December 2023. The
trustees have adopted the provisions Df Accounting and Reporting by ￿arItieS= Statement of Recommended Practice
ap￿1£able to charities pre￿rIng their accounts in accordance with the Finanoal Reporting Standard applicable in the UK
and Republic of Ireland IFRS 102) leffeecNe l January 2019).
OBJECtIVES AND ACtIvrrIES
Objectives and aims
The objert of the tharity is to promote, advan￿ or assist in the adVan￿rnent of education in general and the
educational aims, objects and artivities of the open university of Israd {"OUI") in particular, and through or in
association with the OUI, to promote or assist in promoting such chartsble purpose or purposes connected with the
advancement of education whether in the United Kingdom, the Stste of Israel, or elsewhere and in such proporknon and
manner as the trustees shall in their absolute discretion from time to time determine.
Publi¢ beneflt
The Trustees confirm that they have referred to the guidance contained in the Charity COMMI￿10n,S general guidance on
public benefit when reviewing the Trust's aims and objectives and in planning future artivities and setting the
grantmaking policy.
Volunteers
The charity has no UK volunteers.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The results for the period at the year end were considered satisfactory by the trustees.
A summary of the charity's transactions and of it's financial position are shown in the financial statements together wfch
the accotnpanying notes.
FINANCIAL REVIEW
Financial position
During the year year the charity raised funds of £50 (2022: £255,919) and had expen*s of £833 (2022.. £1,903).
The charity rnade no grants to OUI {2022'. £256,135) and as at the balance sheet date had unrestritted funds in defiot
of £54512022.. £238 surplus)
Reserves policy
The trustees do not consider it necessary for the charty to h(Ad re*rves b￿ause it Is a granknaking charity 9) ivs
expenditure is comrnensurnte with ￿S income.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity Is controlled by goveming d(turnent, a deed of trust and consb"tutes an uninctsrty)rated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1172236
Principal address
C H Hausmann & Co
Suite 5 De Walden Court
85 New Cavendish Street
London
WIW 6XD
Trustee5
Mr A Trager-Lewis
Prof. M Ajzenstadt
MrG Hausmann
Page I

BRrrIsH FRIENDSOF THE OPEN UNIVERSITY
OF ISRAEL (BFOUI)
Report of the Trustees
FOR THE YEAR ENDED 31 DECEMBER 2023
Approved by order of the board of trustees on
31 October 2024
and signed on its behalf by..
Mr A Trager-Lewis- Trustee
Page 2

BRrrIsH FRIENDS OF THE OPEN UNIVERSITY
OF ISRAEL (BFOUI)
statement of Financial Activities
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Unrestrirted
fund
2022
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
L￿NatiOnS and legacies
50
255 919
EXpEND￿uRE ON
Charitsble activities
Grants tr> Open University of Israel
Other charitable activities
256,135
833
Total
833
258 038
NET INCOMEI{EXPENDrruRE)
(7831
12,1191
RECONCILIATION OF FUNDS
Total funds brought forward
238
2,357
TOTAL FUNDS CARRIED FORWARD
238
The notes form part of these financial statements
Page 3

BRrrIsH FRIENDSOF THE OPEN UNIVERSITY
OF ISRAEL (BFOUI)
Balan￿ Sheet
31 DECEMBER 2023
2023
Unrestrirted
fund
2022
Total
funds
Notes
CURRENT ASSETS
Cash at bank
25
1,438
CREDThORS
Amounts falling due wthin one year
(5701
11,2001
NET CURRENT ASSETSI(LIABIUTIES)
5451
238
TOTAL ASSETS LESS CURRENT LIABILMES
(5451
238
NET ASs￿s
5451
238
FUNDS
Unrestricted funds
238
TOTAL FUNDS
238
The financial statements were approved by the Board of Trustees and authorised for issue on
31 October 2024
and were signed on its behalf by-
Mr A Trager-Lewis- Trust
The notes form part of these financial statements
Page 4

BRrrIsH FRIENDSOF THE OPEN UNIVERSITY
OF ISRAEL (BFOUI)
Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entty under FRS 102, have been prepared in
accordance w￿h the Charitie5 SORP IF￿ 1021 Accounting and Reporting by char￿les.. Ststement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effecbve l January 20191,, Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charities Art 2011. The financial statements have been prepared under the historical cost convention.
Income
All incorne is recognised in the Statement of Financial ACtiv￿leS On￿ the charity has entrtlement to the funds, rfc is
probable that the income will be received and the amount can be measured reliably.
Expenditure
abilities are recognised as expenditLJre as scM)n as there is a legal or constrLJCtive oNigation 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 basis and has
been classified under headings that aggregate all cost related to the category. Where costs cannot be direL
attributed to ￿rtiCUlar headings they have been allocated to aCtiv￿leS on a basis consistent with the use of
resources.
Grants offered subjett to COnd￿lOnS which have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activfcies.
Fund accounting
Un￿s￿l¢ted funds can be used in accordan￿ wvith the charitsble objectives at the discretion of the trustees.
Restricted funds can only be used for particular restrirted purposes within the objects of the charty.
Restrictions arise when speofied by the donor or when funds are raised for tkrticular restritted purposes.
Further explanation of the nature and purwse of each fund is induded in the notes to the financial staternents.
TRusfEES' REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year
ended 31 December 2022.
Trustee5' expenses
The￿ were no trustees, expenses paid for the year ended 31 December2023 nor for the year ended
31 De￿mber 2022.
Page 5
continued...

BRrrIsH FRIENDSOF THE OPEN UNIVERSITY
OF ISRAEL (BFOUI)
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 31 DECEMBER 2023
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
other creditors
570
RELATED PARfi DISCLOSURES
There were no related party transactions for the year ended 31 December 2023.
Page 6

BRrrIsH FRIENDSOF THE OPEN UNIVERSITY
OF ISRAEL (BFOUI)
Detailed Statement of Financial Activities
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
INCOME AND ENDOWMENTS
Donation5 and legacie5
Donations
50
255 919
Total incoming resour￿5
50
255,919
EXPENDrruRE
Charitsble activities
Legal and professional fees
Grants to institutions
390
256 135
256,525
Support costs
Finan
Bank charges
Forex lossl(gain)
241
22
319
6)
263
313
Governance costs
AccoulltarKy and legal fees
570
Total ￿soUr￿S expended
833
258 038
Net expenditure
This page does not forrn part of the Sta￿tOry financial st3ternents
Page 7