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|Governors||Harold Paisner (Chairman|Harold Paisner (Chairman|Harold Paisner (Chairman|and|||
|---|---|---|---|---|---|---|---|
|||President
until
1 May||2022)||||
|||Ann Berger (Chairman||and|President|||
|||from
1 May 2022)||||||
|||Martin Paisner CBE||||||
|||Henry Charles||||(Appointed|25 February 2021)|
|||Gideon Harbour||||(Appointed|3June 2021)|
|||Louis Zlotowski-Merran||||(Appointed|3June 2021)|
|Secretary||Harold Paisner||||||
|Charity number||276203||||||
|Company|number|01376848||||||
|Principal address||Raymond
Burton House||||||
|||129 - 131Albert Street||||||
|||London||||||
|||NW1 7NB||||||
|Registered|office|Devonshire
House||||||
|||1 Devonshire
Street||||||
|||London||||||
|||W1W 5DR||||||
|Auditor||Landau
Morley LLP||||||
|||Chartered
Accountants||||||
|||325-327 Oldfield Lane||North||||
|||Greenford||||||
|||Middlesex||||||
|||UB6 OFX||||||
|Bankers||Barclays Bank Plc||||||
|||Pall Mall Corporate|Group|||||
|||PO Box15165||||||
|||London||||||
|||SWIA 1QF||||||
|Solicitors||Bryan Cave Leighton||Paisner LLP||||
|||Governor's
House||||||
|||5 Laurence
Pountney||Hill||||
|||London||||||
|||EC4R OBR||||||
||||Page|
|---|---|---|---|
|Governors'|report||1-3|
|Statement|of Governors'
responsibilities|||
|Independent|auditor's|report|5-7|
|Statement|offinancial|activities|8-9|
|Statement|offinancial|position|10|
|Statement|ofcash flows|||
|Notes to the financial||statements|12-21|
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|||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||Notes|funds|funds|funds
f|2021f|2020f|
|Income from:|||||||||
|Donations,
legacies,|||||||||
|contributions
towards overheads|||||||||
|and similar income||||518,277|914,134||1,432,411|1,630,493|
|Investments||||8,813|||8,813|64,471|
|Total income||||527,090|914,134||1,441,224|1,694,964|
|Ex enditure on:|||||||||
|Raising funds||||||||93|
|Charitable
activities||||244,402|951,478||1,195,880|2,438,297|
|Total expenditure||||244,402|951,478||1,195,880|2,438,390|
|Net gains/(losses)|on||||||||
|investments|||10|22,877|||22,877|(30,224)|
|Net income/(expenditure)|||||||||
|before transfers||||305,565|(37,344)||268,221|(773,650)|
|Gross transfers
between||funds|18|3,064|(3,064)||||
|Net movement
in|funds|||308,629|(40,408)||268,221|(773,650)|
|Fund balances at 1 October|||||||||
|2020||||560,236|3,698,827|50,000|4,309,063|5,082,713|
|Fund balances at|30||||||||
|September 2021||||868,865|3,658,419|50,000|4,577,284|4,309,063|
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||||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|
|||||Notes|funds
f|funds|funds
f|2020f|
|Income from:|||||||||
|Donations,
legacies, contributions|||towards||||||
|overheads
and|similar income||||257,099|1,373,394||1,630,493|
|Investments|||||64,471|||64,471|
|Total income|||||321,570|1,373,394||1,694,964|
|Ex enditure on:|||||||||
|Raising funds|||||93|||93|
|Charitable
activities|||||60,666|2,377,631||2,438,297|
|Total expenditure|||||60,759|2,377,631||2,438,390|
|Net (loss)/gains|on investments|||10|(30,224)|||(30,224)|
|Net income/(expenditure)||before|transfers||230,587|(1,004,237)||(773,650)|
|Gross transfers|between|funds|||||||
|Net movement|in funds||||230,587|(1,004,237)||(773,650)|
|Fund balances|at 1 October 2019||||329,649|4,703,064|50,000|5,082,713|
|Fund balances|at 30September||2020||560,236|3,698,827|50,000|4,309,063|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|||f||
|Fixed assets||||||||
|Property,
plant and|equipment||12||733||703|
|Investments|||13||265,942||243,065|
||||||266,675||243,768|
|Current assets||||||||
|Trade and other receivables|||15|68,285||25,493||
|Cash at bank and|in hand|||4,320,734||4,101,427||
|||||4,389,019||4,126,920||
|Current
liabilities|||16|(78,410)||(61,625)||
|Net current assets|||||4,310,609||4,065,295|
|Total assets less|current|liabilities|||4,577,284||4,309,063|
|Capital funds||||||||
|Endowment
funds|||17||50,000||50,000|
|Income funds||||||||
|Restricted funds|||18||3,658,419||3,698,827|
|Unrestricted
funds|||||868,865||560,236|
||||||4,577,284||4,309,063|
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||||||||2021||2020||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Notes|||f||
|Cash flows from operating|||||activities||||||
|Cash generated||from/(absorbed
by)||||22|||||
|operations||||||||210,833||(779,568)|
|Investing|activities||||||||||
|Purchase|of property,||plant||and equipment||(339)||(893)||
|Interest received|||||||8,813||64,471||
|Net cash|generated||from|investing|||||||
|activities||||||||8,474||63,578|
|Net increase/(decrease)||||in cash and||cash|||||
|equivalents||||||||219,307||(715,990)|
|Cash and|cash|equivalents|||at beginning|ofyear||4,101,427||4,817,417|
|Cash and|cash|equivalents|||at end of|year||4,320,734||4,101,427|
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|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||funds|funds||funds|funds||
|||2021f|2021f|2021f|2020
E|2020|2020|
|Donations|and gifts|59,167|914,134|973,301|107,099|603,394|710,493|
|Legacies|receivable|459,110||459,110|150,000|770,000|920,000|
|||518,277|914,134|1,432,411|257,099|1,373,394|1,630,493|
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021f|2020|
|Income|from listed investments|8,759|9,694|
|Interest|receivable|54|54,777|
|||8,813|64,471|
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|5|Raising funds|Raising funds|||
|---|---|---|---|---|
||||2021|2020|
||Fundraising|and publicity costs||93|
|||||93|
|6|Charitable|activities|||
|||||2021f|2020|
|---|---|---|---|---|---|
|Staff costs||||33,580|33,608|
|Depreciation||and|impairment|309|314|
|Insurance||||1,154||
|Repairs and|maintenance|||2,750|2,530|
|Postage and||stationery||1,849|1,810|
|Telephone expenses||||690|2,140|
|Travel expenses||||619|906|
|Computer
running|||costs|443|713|
|Sundry expenses||||2,285|116|
|Gains/(losses)||on|foreign exchange|156,499|(77,640)|
|Rent||||16,000|17,600|
|Bank charges||||792|859|
|Accountancy||fees||20,820|14,280|
|Auditor's fees||||2,304|2,520|
|Advertising||||1,888|160|
|||||241,982|(84)|
|Grant funding||ofactivities (see note 7)||953,898|2,438,381|
|||||1,195,880|2,438,297|
|Analysis
by|fund|||||
|Unrestricted|funds|||244,402|60,666|
|Restricted funds||||951,478|2,377,631|
|||||1,195,880|2,438,297|
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||||2021|2020f|
|---|---|---|---|---|
|Grants to institutions:|||||
|Ben-Gurion|University|ofthe Negev|953,898|2,438,381|
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|The average
monthly
number
ofemployees
during
|the year was:||
|---|---|---|
||2021|2020|
||Number|Number|
|Employee(s)|||
|Employment
costs|2021f|2020f|
|Wages and salaries|32,233|31,212|
|Social security costs|(260)|835|
|Other pension costs|1,607|1,561|
||33,580|33,608|
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021f|2020|
|Revaluation|of|investments|22,877|(30,224)|
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|12|Equipment||||
|---|---|---|---|---|
|||Office|Computer|Total|
|||fittings and|Equipment||
|||equipmentf|f||
||Cost||||
||At 1 October 2020|2,494|10,620|13,114|
||Additions||339|339|
||At 30September 2021|2,494|10,959|13,453|
||Depreciation
and impairment||||
||At 1 October 2020|1,941|10,470|12,411|
||Depreciation
charged
in the year|138|171|309|
||At 30September 2021|2,079|10,641|12,720|
||Carrying
amount||||
||At 30September 2021|415|318|733|
||At 30September 2020|553|150|703|
|13|Fixed asset investments||||
|||||Listed|
|||||investmentsf|
||Cost or valuation||||
||At 1 October 2020|||243,065|
||Valuation
changes|||22,877|
||At 30September 2021|||265,942|
||Carrying
amount||||
||At 30September 2021|||265,942|
||At 30September 2020|||243,065|
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|14|Financial
instruments|Financial
instruments||||2021f|2020f|
|---|---|---|---|---|---|---|---|
||Carrying
amount|offinancial||assets||||
||Debt instruments|measured|at amortised||cost|62,456|19,354|
||Equity instruments|measured||at fair value|at the year end|265,942|243,065|
||Carrying
amount|offinancial||liabilities||||
||Measured
at amortised
cost|||||77,759|60,825|
|15|Trade and other|receivables||||||
||Amounts
falling|due within||one year:||2021f|2020f|
||Other receivables|||||62,456|19,354|
||Prepayments
and|accrued income||||5,829|6,139|
|||||||68,285|25,493|
|16|Current
liabilities|||||||
|||||||2021f|2020f|
||Other taxation and social security|||||651|800|
||Other payables|||||63,731|46,425|
||Accruals and deferred
income|||||14,028|14,400|
|||||||78,410|61,625|
##
||||||Movement|in funds|||
|---|---|---|---|---|---|---|---|---|
||||Balance at|Incoming|Resources|Transfers|Investments|Balance at|
|||1|October 2020|resources|expended||gains/losses|30September|
|||||||||2021|
|Permanent|endowments||||||||
|Endowment|Fund||50,000|||||50,000|
||||50,000|||||50,000|
##
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||||||Movement
in funds|Movement
in funds|||
|---|---|---|---|---|---|---|---|---|
||||Balance at|Incoming||Resources|Transfers|Balance at|
||||1 October|resources||expended||30|
||||2020|||||September|
|||||||||2021f|
|Funds raised for the University|||3,698,827|914,134||(951,478)|(3,064)|3,658,419|
|Analysis|ofnet assets between funds||||||||
||||Unrestricted||Restricted
Capital||funds|Total|
|||||fundsf||fundsf|f||
|Fund balances at 30September 2021 are|||||||||
|represented||by:|||||||
|Property,|plant and equipment|||733||||733|
|Investments|||265,942|||||265,942|
|Net current||assets|602,190||3,658,419||50,000|4,310,609|
||||868,865||3,658,419||50,000|4,577,284|
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|2021f|2020f|
|---|---|
|7,665|17,600|
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||trustee, donated f10,000to the Foundatio|n.|Henry Cha|rles
is also a truste|e ofthe Trust.||
|---|---|---|---|---|---|---|
|22|Cash generated
from operations||||2021f|2020f|
||Surplus/(deficit)
for the year||||268,221|(773,650)|
||Adjustments
for:||||||
||Investment
income recognised
in statement||offinancial|activities|(8,813)|(64,471)|
||Fair value gains and losses on investments||||(22,877)|30,224|
||Depreciation
and impairment
of property,|plant and equipment|||309|314|
||Movements
in working
capital:||||||
||(Increase)
in trade and other receivables||||(42,792)|(14,945)|
||Increase
in trade and other payables||||16,785|42,960|
||Cash generated
from/(absorbed
by) operations||||210,833|(779,568)|