**Charity Registration No. 270733** 

## **THE UNIVERSITY OF HAIFA UK** 

**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 5 APRIL 2022** 




## **THE UNIVERSITY OF HAIFA UK** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

|**Trustees**|Sir Walter Bodmer FRC Path, FRS||
|---|---|---|
||Mr Peter Kadas||
||Sir Prof. Simon Baron-Cohen||
||Dr Efrat Sopher||
||Mr Russell Jacobs||
||Mr Richard Hatter|(Appointed 3 August 2022)|
|**Charity number**|270733||
|**Independent examiner**|Julie Mellowes  FCCA||
||UHY Hacker Young||
||Quadrant House||
||4 Thomas More Square||
||London||
||E1W 1YW||
|**Bankers**|Metro Bank||
||One Southampton Row||
||London||
||WC1B 5HA||





**THE UNIVERSITY OF HAIFA UK** 

## **CONTENTS** 

||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5 - 6|
|Balance sheet|7|
|Notes to the financial statements|8 - 16|





## **THE UNIVERSITY OF HAIFA UK** 

## **TRUSTEES' REPORT** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

The trustees present their annual report and financial statements for the year ended 5 April 2022. 

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Trust Deed, the Charities Act 2011 and “Accounting and Reporting by Charities: 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)". 

## **Charity Registration Number:** 270733 

**Registered Office:** University of Haifa UK, PO Box 75919, London, NW3 9YP 

## **Objectives and activities** 

The object of The University of Haifa UK is to raise funds for the advancement of education in association with and relating to the charitable educational activities of The University of Haifa. The funds raised are to promote and assist building development of classrooms, lecture rooms, laboratories, library, halls of students residence; to promote and assist the endowment and provision of scholarships, bursaries, prizes, exchanges, travel fellowship, research, explorations, or other educational awards; for the establishment and promotion of research centres and institutes; to provide funds and join in the administrative provisions for the establishment of fellowships, professorial chairs and lectureships and generally promote or assist in the training of academic teaching staff; to assist in or promote research into the diverse charitable fields of learning and assist in the publication of educational material. 

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. 

## **Grant making policy** 

## Donations and transfer of funds to the University of Haifa 

All earmarked funds raised in the UK for specific objects and projects at the University are transferred in full to the University normally within less than one month from receipt by the Charity. Sundry nonearmarked donations are earmarked by the charity according to priorities set by the Charity and the University, and transferred to the University as well. The administrative costs are covered by the University and working capital is transferred from the University to the Charity on a quarterly basis. 

## Public benefit 

The trustees have complied with section 17(5) of the 2011 Charities Act, having due regard for the Charity Commission’s guidance on public benefit when reviewing the trust’s aims and objectives, when setting the grant making policy and in making awards. 

## Trustees' Insurance 

The trustees have decided to renew the Trustees Indemnity Insurance as part of the Charity’s risk management strategy. Insurance cover is in force up to a limit of Indemnity of £500,000 for any one claim. 

- 1 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **TRUSTEES' REPORT (CONTINUED)** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

## **Achievements and performance** 

The effects of the pandemic caused the charity’s activity to reduce to a minimal level, so our fundraisers were made redundant and our physical office was closed down. Our new Executive Director took post in mid-November 2021. 

Activities in the first half of the year were therefore minimal, although the University’s President and a key academic worked on UHUK’s largest ever gift during this period. 

The second half of the year saw an increase in activity as the new Executive Director began, with changes to IT infrastructure made. The first in-person meetings with prospects and donors were made during the visits of the University President in the second half of the year, as conversations with stakeholders were kick-started. 

Income over the year was primarily from payments from previous commitments, and a few single smaller gifts. 

Lady Irene Hatter announced her retirement from the Board of Trustees and stepped down as Co-Chair after more than three decades of involvement. Peter Kadas also stepped down as Co-Chair and remains on the Board as a Trustee. Russell Jacobs and Dr. Efrat Sopher stepped up to become Co-Chairs. Hana Smouha also retired as a Trustee. 

## **Financial review** 

Incoming resources of the charity for the year amounted to £971,836 (2021 - £274,474). 

Total resources expended for the year increased to £936,937 (2021 - £210,826) which includes charitable donations paid to the University of Haifa of £854,006 (2021 - £104,867). 

Of the charity's reserves the unrestricted funds have a balance of £109,376 (2021 - £121,604) and can be used in accordance with the charitable objectives at the discretion of the Trustees. 

## **Reserves Policy** 

## Reserve funds 

The policy of The University of Haifa UK is to retain in the Charity’s bank in London a sum equivalent to 10-12 months’ administrative costs. 

## **Structure, governance and management** 

The Charity has been established as a Charitable Trust under a Trust Deed dated 31st December 1975 as amended on 1 October 2017. As per the Trust Deed and the Trustees' Resolution dated 20 September 2018, the number of trustees shall be no less than three and no more than 10 at any given time. Induction and training of trustees are at the discretion and judgement of the trustees themselves on changing needs, and under no set policy. 

- 2 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022** 

The trustees who served during the year and up to the date of signature of the financial statements were: 

Sir Walter Bodmer FRC Path, FRS Mr Peter Kadas Sir Prof. Simon Baron-Cohen Dr Efrat Sopher Mr Russell Jacobs Mr Richard Hatter (Appointed 3 August 2022) Mrs Hana Smouha (Resigned 7 January 2022) Lady Irene Hatter (Resigned 3 August 2022) 

## **Statement of trustees' responsibilities** 

The trustees 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). 

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. 

In preparing these financial statements, the trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles in the Charities SORP; 

- make judgements and estimates that are reasonable and prudent; 

- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The trustees are responsible for keeping sufficient accounting records that 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 Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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. 

The trustees' report was approved by the Board of Trustees. 

**Mr Russell Jacobs Co-Chair of the Board of Trustees** 

> Date: ���������� 

- 3 - 



VHY Hacker Young LLP
Quadrèni House
4 Th(xTh75 More Square
L(x)tbn E1W IYW
Hacker Young
Chartered kcouniants
THE UNIVERSITY OF HAIFA UK
INDEPENDENf EXAMINER'S REPORT
TO THE TRUSTEES OF THE UNIVERSITY OF HAIFA UK
I report to the trustees on my examination of the financial statements of The University of Haifa UK (the
charityl for the year ended 5 April ?022.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 2011 (the 2011 A¢i}.
I report in respect of my ¢xamination of the charity's financial sthtements carried out under section 145 of the
2011 Act. In carrying out my examinalion I have followed all the applicable Directions given by the Charity
Commission ut)der section 145(5Xb) of the 2011 Act.
IDdependellt examiDer's st*teTn¢Dt
Since the charity's gross income exceeded £250.000 YOUT examiner musi be a member of a bcxly listcd in
section 145 of the 2011 Act. I confirni that l am quaIified to undertake the examination becallse l am a
member of the Associatffton of Chartered C¢rtified Accountants. which is one of the listed brwJi¢s.
I have completed my examiDatiOD. I confimi that t)0 tnatters have come to my attention in connection with
the examination giving me cause to believe that in any material respect:
accounting records were not kept in respecl of the charity as required by section 130 of the 2011 Act. or
the financial statements do nol accord with th(bse record5. or
the financial statements do not ¢omply with the applicable requirements concerning the foTrn and content
of accounts set out in the Chariiies (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a true and fair view which is not a Tnatter corLsidered as part of an independent
examination.
I have no concer￿8 and have come a¢ross no other matters in ¢onnection with the c￿￿nInatiOn to which
attention should be drdwn in this r¢porf in order to enable a proper understanding of the financial ststements to
be reached.
Julie Mellowes FCCA
UHY Hacker Young
Quadrant Holtse
4 Thomas Mote Square
London
Elw IYW
Dated: 2 February 2023

## **THE UNIVERSITY OF HAIFA UK** 

## **STATEMENT OF FINANCIAL ACTIVITIES !INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

|**Current financial year**|**Current financial year**||||||||
|---|---|---|---|---|---|---|---|---|
|||||**Unrestricted**|**Restricted**||**Total**|**Total**|
|||||**funds**||**funds**|||
|||||**2022**||**2022**|**2022**|**2021**|
||||**Notes**|**£**||**£**|**£**|**£**|
|**Income and endowments from:**|||||||||
|Donations and legacies|||**2**|700||900,433|901,133|130,749|
|Funding received from the University of Haifa|||**3**|70,703||-|70,703|143,725|
||||||||||
|**Total income**||||71,403||900,433|971,836|274,474|
||||||||||
|**Expenditure on:**|||||||||
|Raising funds|||**4**|82,931||-|82,931|105,959|
|Charitable activities|||**5**|700||853,306|854,006|104,867|
||||||||||
|**Total resources expended**||||83,631||853,306|936,937|210,826|
||||||||||
|**Net (expenditure)/income for the year/**|||||||||
|**Net movement in**|**funds**|||(12,228)||47,127|34,899|63,648|
|Fund balances at 6 April 2021||||121,604||10,847|132,451|68,803|
||||||||||
|**Fund balances at**|**5 April 2022**|||109,376||57,974|167,350|132,451|



The statement of financial activities includes all gains and losses recognised in the year. 

All income and expenditure derive from continuing activities. 

- 5 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) !INCLUDING INCOME AND EXPENDITURE ACCOUNT** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

|**Prior financial year**|**Prior financial year**||||||
|---|---|---|---|---|---|---|
|||||**Unrestricted**|**Restricted**|**Total**|
|||||**funds**|**funds**||
|||||**2021**|**2021**|**2021**|
||||**Notes**|**£**|**£**|**£**|
|**Income and endowments from:**|||||||
|Donations and legacies|||**2**|29,802|100,947|130,749|
|Funding received from the University of Haifa|||**3**|143,725|-|143,725|
||||||||
|**Total income**||||173,527|100,947|274,474|
||||||||
|**Expenditure on:**|||||||
|Raising funds|||**4**|105,959|-|105,959|
|Charitable activities|||**5**|415|104,452|104,867|
||||||||
|**Total resources expended**||||106,374|104,452|210,826|
||||||||
|**Net (expenditure)/income for the year/**|||||||
|**Net movement in**|**funds**|||67,153|(3,505)|63,648|
|Fund balances at 6 April 2020||||54,451|14,352|68,803|
||||||||
|**Fund balances at**|**5 April 2021**|||121,604|10,847|132,451|



- 6 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **BALANCE SHEET** 

## **AS AT 5 APRIL 2022** 

|||**2022**|||**2021**||
|---|---|---|---|---|---|---|
||**Notes**|**£**|**£**|**£**||**£**|
|**Current assets**|||||||
|Debtors|**9**|54,194||754|||
|Cash at bank and in hand||123,336||136,920|||
||||||||
|||177,530||137,674|||
|**Creditors: amounts falling due within**|||||||
|**one year**|**10**|(10,180)||(5,223)|||
||||||||
|Net current assets|||167,350|||132,451|
||||||||
||||||||
|**Income funds**|||||||
|Restricted funds|**12**||57,974|||10,847|
|Unrestricted funds|||109,376|||121,604|
||||||||
||||167,350|||132,451|



The financial statements were approved by the Trustees on 2 February 2023 

**Mr Russell Jacobs** 

## **Trustee** 

- 7 - 



**THE UNIVERSITY OF HAIFA UK** 

**FOR THE YEAR ENDED 5 APRIL 2022** 

## **NOTES TO THE  FINANCIAL STATEMENTS** 

## **1 Accounting policies** 

## **Charity information** 

The University of Haifa UK is a Charitable Trust established under a Trust Deed dated 31 December 1975 as amended on 1 October 2017. 

## **1.1 Accounting convention** 

The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and “Accounting and Reporting by Charities: 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)". The charity is a Public Benefit Entity as defined by FRS 102. 

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. 

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. 

## **1.2 Going concern** 

The University of Haifa will continue to support the charity to meet its liabilities as they fall due for the foreseeable future. At the time of approving the financial statements, the trustees therefore have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 

## **1.3 Charitable funds** 

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. 

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. 

## **1.4 Income** 

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. 

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. 

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 

Assets for distribution are recognised only when distributed. Assets given for use by the charity are recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet purposes. 

- 8 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

## **1 Accounting policies** 

## **(Continued)** 

## **1.5 Expenditure** 

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure. All expenditure is accounted for an accruals basis and has been classified under headings that aggregate all costs related to the category. 

Governance and support costs comprise all costs involving the public accountability of the Charity and its compliance with regulation and good practice, including all management and administrative costs. 

All governance and support costs are incurred in connection with raising funds and have been allocated accordingly. 

## **1.6 Cash and cash equivalents** 

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 

## **1.7 Financial instruments** 

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. 

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 

## _**Basic financial assets**_ 

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 

## _**Basic financial liabilities**_ 

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 

- 9 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

## **1 Accounting policies** 

**(Continued)** 

## _**Derecognition of financial liabilities**_ 

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. 

## **1.8 Employee benefits** 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. 

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 

## **1.9 Retirement benefits** 

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 

## **2 Donations and legacies** 

||**Unrestricted**|**Unrestricted**|**Restricted**|**Restricted**||**Total**|Unrestricted|Unrestricted|Restricted|Restricted||Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**funds**||**funds**||||funds||funds|||
|||**2022**||**2022**||**2022**||2021||2021||2021|
|||**£**||**£**||**£**||£||£||£|
|Donations and gifts||700||900,433||901,133||415||100,947||101,362|
|Coronavirus Job|||||||||||||
|Retention Scheme|||||||||||||
|grants||-||-||-||29,387||-||29,387|
||||||||||||||
|||700||900,433||901,133||29,802||100,947||130,749|
||||||||||||||
||||||||||||||
|**Donations and gifts**|||||||||||||
|Donations||700||847,058||847,758||415||99,393||99,808|
|Gift aid||-||53,375||53,375||-||1,554||1,554|
||||||||||||||
|||700||900,433||901,133||415||100,947||101,362|



## **3 Funding received from the University of Haifa** 

||**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Funding received from the University of Haifa|70,703|143,725|



- 10 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

## **4 Raising funds** 

||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2022**|2021|
||**£**|£|
|Advertising|667|1,099|
|Support and governance costs (see note 6)|82,264|104,860|
||||
||82,931|105,959|



## **5 Charitable activities** 

||**2022**||**2021**|
|---|---|---|---|
||**£**||**£**|
|Payments made by donors directly to the University of Haifa|603,959||-|
|Payments from the charity to the University of Haifa|250,047||104,867|
|||||
||854,006||104,867|
|||||
|||||
|**Analysis by fund**||||
|Unrestricted funds|700||415|
|Restricted funds|853,306||104,452|
|||||
||854,006||104,867|



- 11 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

|**6**|**Support costs**|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**Support**||<br>**Governance**|||**2022**||Support|<br>Governance|||2021|
||||**costs**||**costs**||||costs||costs|||
||||**£**||**£**||**£**||£||£||£|
||Staff costs||49,359||-||49,359||84,300||-||84,300|
||Recruitment fees||18,062||-||18,062||-||-||-|
||Rent & rates||-||-||-||2,997||-||2,997|
||Office expenses||917||-||917||522||-||522|
||Bank charges & interest||151||-||151||120||-||120|
||Travel||3,661||-||3,661||31||-||31|
||Sundry expenses||760||-||760||1,046||-||1,046|
||Computer expenses||2,498||-||2,498||1,919||-||1,919|
||Independent examiner's|||||||||||||
||fees||-||3,000||3,000||-||1,800||1,800|
||Accountancy||-||3,856||3,856||-||4,007||4,007|
||Legal fees||-||-||-||-||8,118||8,118|
|||||||||||||||
||||75,408||6,856||82,264||90,935||13,925||104,860|
|||||||||||||||
|||||||||||||||
||Analysed between|||||||||||||
||Fundraising||75,408||6,856||82,264||90,935||13,925||104,860|



All governance and support costs are incurred in connection with raising funds and have been allocated accordingly. 

## **7 Trustees** 

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 

- 12 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

## **8 Employees** 

|**Employment costs**|**2022**|**2021**|
|---|---|---|
||**£**|**£**|
|Wages and salaries|39,098|82,338|
|Social security costs|-|1,268|
|Other pension costs|10,261|694|
||||
||49,359|84,300|



No employees had emoluments in excess of £60,000. The average number of full time equivalent staff in the year was 1 (2021: 2). 

## **9 Debtors** 

|**Debtors**|||
|---|---|---|
||**2022**|**2021**|
|**Amounts falling due within one year:**|**£**|**£**|
|Other debtors|53,375|-|
|Prepayments and accrued income|819|754|
||||
||54,194|754|



## **10 Creditors: amounts falling due within one year** 

|**Creditors: amounts falling due within one year**|||
|---|---|---|
||**2022**|**2021**|
||**£**|**£**|
|Other taxation and social security|1,895|171|
|Other creditors|2,090|-|
|Accruals and deferred income|6,195|5,052|
||||
||10,180|5,223|



## **11 Retirement benefit schemes** 

## **Defined contribution schemes** 

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. 

The charge to profit or loss in respect of defined contribution schemes was £10,261 (2021: £694). 

- 13 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

## **12 Restricted funds** 

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes: 

||||**Movement in funds**|**Movement in funds**|**Movement in funds**|||||**Movement in funds**|**Movement in funds**|**Movement in funds**||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**Balance at**||**Incoming**|**Resources**|||**Balance at**|||**Incoming**|**Resources**|||**Balance at**|
|**6**||**April 2020**||**resources**|**expended**||**6 April 2021**||||**resources**|**expended**||**5 April 2022**||
|||**£**||**£**|**£**|||**£**|||**£**|**£**|||**£**|
|Restricted||||||||||||||||
|funds||14,352||100,947|(104,452)|||10,847|||900,433|(853,306)|||57,974|
|||||||||||||||||
|||||||||||||||||
|**Analysis of net assets between funds**||||||||||||||||
|||**Unrestricted**|||**Restricted**|||**Total**|Unrestricted|||Restricted|||Total|
|||||**funds**|**funds**||||||funds|funds||||
|||||**2022**|**2022**|||**2022**|||2021|2021|||2021|
|||||**£**|**£**|||**£**|||£|£|||£|
|Fund balances at 5||||||||||||||||
|April 2022 are||||||||||||||||
|represented by:||||||||||||||||
|Current||||||||||||||||
|assets/(liabilities)|||109,376||57,974||167,350|||121,604||10,847|||132,451|
|||||||||||||||||
||||109,376||57,974||167,350|||121,604||10,847|||132,451|



## **13 Analysis of net assets between funds** 

- 14 - 



## **THE UNIVERSITY OF HAIFA UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 5 APRIL 2022** 

## **14 Related party transactions** 

During the year the charity received funding of £70,703 (2021: £143,725) from the University of Haifa (see note 3) and transferred donations of £250,047 (2021: £104,867) to the University (see note 5). The charity and the University of Haifa have trustees in common. 

|**15**|**Cash generated from operations**|**2022**|**2021**|
|---|---|---|---|
|||**£**|**£**|
||Surplus for the year|34,899|63,648|
||Movements in working capital:|||
||(Increase)/decrease in debtors|(53,440)|21,711|
||Increase/(decrease) in creditors|4,957|(5,451)|
|||||
||**Cash (absorbed by)/generated from operations**|(13,584)|79,908|



## **16 Analysis of changes in net funds** 

The charity had no debt during the year. 

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## **THE UNIVERSITY OF HAIFA UK** 

## **NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)** 

## **FOR THE YEAR ENDED 5 APRIL 2022** 

|**17**|**Donations made to the University during the year ended 5 April 2022**||
|---|---|---|
||**2022**|**2021**|
||**£**|**£**|
||**Donations of £5,000 or above**||
||The Hatter Department of Marine Technologies<br>308,495|-|
||Ofer Observation Gallery renovation<br>295,464|-|
||Wild Cereal Gene Bank - Storage rooms<br>177,500|48,500|
||Scholarships in Marine Geosciences<br>40,500|9,000|
||Medieval Arabic Medical Library (Genizah Research||
||Centre)<br>20,500|15,000|
||Etgar scholarships<br>5,000|5,000|
||Scholarships for Ethiopian students<br>-|7,727|
||Neuroscience project<br>-|5,450|
||||
||847,459|90,677|
||**Donations of less than £5,000**||
||Student scholarships<br>4,000|8,000|
||Ezri Center for Iran and Persian Gulf Studies<br>1,500|5,000|
||General budget<br>700|415|
||Prof. Yvonne Kozlovsky Golan<br>250|-|
||Holocaust studies<br>97|525|
||Prof. Edy Kaufman's anthem project<br>-|250|
||||
||6,547|14,190|
||||
||**Total of all donations**<br>854,006|104,867|



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