2022-09-30-accounts

Governors	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)
			Henry Charles
			Gideon Harbour
			Louis Zlotowski-Merran
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 Pic
			Pall Mall Corporate	Group
			PO Box 15165
			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

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds	2022	2021
			Notes	E	E	E	E	E
Income from:
Donations, legacies, contributions
towards overheads	and similar
income				67,776	900,931		968,707	1,432,411
Investments				9,364			9,364	8,813
Total income				77,140	900,931		978,071	1,441,224
Ex enditure on:
Raising funds				156			156
Charitable activities				11,036	1,637,934		1,648,970	1,195,880
Total expenditure				11,192	1,637,934		1,649,126	1,195,880
Net gains/(losses)	on investments		10	(34,939)			(34,939)	22,877
Net income/(expenditure)
before transfers				31,009	(737,003)		(705,994)	268,221
Gross transfers between		funds	19	20,000	(20,000)
Net income/(expenditure)				51,009	(757,003)		(705,994)	268,221
Other recognised	gains	and losses
Other gains or losses			12		517,384		517,384
Net movement in	funds			51,009	(239,619)		(188,610)	268,221
Fund balances at 1 October 2021				868,865	3,658,419	50,000	4,577,284	4,309,063
Fund balances at	30September
2022				919,874	3,418,800	50,000	4,388,674	4,577,284

				Unrestricted	Restricted	Endowment	Total
				funds	funds	funds	2021
			Notes	F	F	F	F
Income from:
Donations, legacies, contributions		towards
overheads and similar income				518,277	914,134		1,432,411
Investments				8,813			8,813
Total income				527,090	914,134		1,441,224
Ex enditure on:
Charitable activities				244,402	951,478		1,195,880
Total expenditure				244,402	951,478		1,195,880
Net (loss)/gains on investments			10	22,877			22,877
Net income/(expenditure)	before	transfers		305,565	(37,344)		268,221
Gross transfers between	funds			3,064	(3,064)
Net income/(expenditure)				308,629	(40,408)		268,221
Other recognised gains	and losses
Net movement in funds				308,629	(40,408)		268,221
Fund balances at 1 October 2020				560,236	3,698,827	50,000	4,309,063
Fund balances at 30September		2021		868,865	3,658,419	50,000	4,577,284

			2022		2021
		Notes
Fixed assets
Property, plant and	equipment	13		474		733
Investments		14		231,003		265,942
				231,477		266,675
Current assets
Trade and other receivables		15	10,909		68,285
Cash at bank and	in hand		4,308,173		4,320,734
			4,319,082		4,389,019
Current liabilities		17	(161,885)		(78,410)
Net current assets				4,157,197		4,310,609
Total assets less	current liabilities			4,388,674		4,577,284
Capital funds
Endowment funds		18		50,000		50,000
Income funds
Restricted funds				3,418,800		3,658,419
Unrestricted funds				919,874		868,865
				4,388,674		4,577,284

									2022		2021
							Notes
Cash flows from operating						activities
Cash (absorbed		by)/generated				from	23
operations										(21,925)		210,833
Investing	activities
Purchase	of property,		plant		and equipment						(339)
Interest received								9,364			8,813
Net cash	generated		from	investing
activities										9,364		8,474
Net (decrease)/increase				in		cash and	cash
equivalents										(12,561)		219,307
Cash and	cash	equivalents			at beginning		ofyear			4,320,734		4,101,427
Cash and	cash	equivalents				at end of	year			4,308,173		4,320,734

		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
		f.	f.		E	E	E
Donations	and gifts	45,762	860,931	906,693	59,167	914,134	973,301
Legacies	receivable	22,014	40,000	62,014	459,110		459,110
		67,776	900,931	968,707	518,277	914,134	1,432,411

		Unrestricted	Unrestricted
		funds	funds
		2022	2021
		P	E
Income	from listed investments	8,869	8,759
Interest	receivable	495	54
		9,364	8,813

			2022	2021
			E	E
Staff costs			34,769	33,580
Depreciation	and	impairment	259	309
Insurance			2,085	1,154
Repairs and	maintenance		2,400	2,750
Postage and	stationery		2,442	1,849
Telephone expenses			2,423	690
Travel expenses			1,342	619
Computer running		costs	695	443
Sundry expenses			654	2,285
(Gains)/losses	on	foreign exchange	(70,911)	156,499
Rent			12,600	16,000
Bank charges			746	792
Accountancy	fees		17,400	20,820
Auditor's fees			2,856	2,304
Advertising			776	1,888
			10,536	241,982
Grant funding	of activities (see note 7)		1,638,434	953,898
			1,648,970	1,195,880
Analysis by	fund
Unrestricted	funds		11,036	244,402
Restricted funds			1,637,934	951,478
			1,648,970	1,195,880

6	Raising funds	Raising funds
				2022	2021
	Fundraising	and publicity costs		156
				156
7	Grants payable
				2022	2021
					R
	Grants to institutions:
	Ben-Gurion	University	ofthe Negev	1,638,434	953,898

The average	monthly number ofemployees during th	e year was:
		2022	2021
		Number	Number
Employees
Employment	costs	2022	2021
		f'	P
Wages and salaries		33,114	32,233
Social security costs			(260)
Other pension costs		1,655	1,607
		34,769	33,580

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			E	E
Revaluation	of	investments	(34,939)	22,877

Restricted	Total
funds
2022	2021
	E
517,384

Equipment
			Office	Computer	Total
			fittings and	Equipment
			equipment
			f'	P
Cost
At 1 October	2021		2,494	10,959	13,453
Disposals			(140)	(3,771)	(3,911)
At 30 September 2022			2,354	7,188	9,542
Depreciation	and impairment
At 1 October	2021		2,079	10,641	12,720
Depreciation	charged	in the year	89	170	259
Eliminated in	respect	ofdisposals	(140)	(3,771)	(3,911)
At 30 September 2022			2,028	7,040	9,068
Carrying amount
At 30 September 2022			326	148	474
At 30 September 2021			415	318	733

		Listed
		investments
Cost or valuation
At	1 October 2021	265,942
Valuation changes		(34,939)
At	30 September 2022	231,003
Carrying amount
At	30 September 2022	231,003
At	30 September 2021	265,942

					2022	2021
	Amounts	falling due	within one year:
	Other receivables				1,028	62,456
	Prepayments and accrued income				9,881	5,829
					10,909	68,285
16	Financial	instruments			2022	2021
					f'	P
	Carrying	amount of	financial assets
	Instruments measured		at fair value through	profit or loss	231,003	265,942
17	Current	liabilities
					2022	2021
					P	F
	Other taxation and social security				576	651
	Other payables				147,305	63,731
	Accruals	and deferred	income		14,004	14,028
					161,885	78,410

					Movement	in funds
			Balance at	Incoming	Resources	Transfers	Investments	Balance at
		1	October 2021	resources	expended		gains/losses	30September
								2022
Permanent	endowments
Endowment	Fund		50,000					50,000
			50,000					50,000

						Movement in funds	Movement in funds	Movement in funds
					Balance at	Incoming	Resources		Transfers		Balance at
					1 October	resources	expended			30	September
					2021						2022
					f'						P
	Funds raised for the University				3,658,419	900,931	(1,120,550)		(20,000)		3,418,800
20	Analysis	of net assets between		funds
					Unrestricted		Restricted	Capital funds			Total
						funds	funds
						f'	P		f'
	Fund balances at 30September			2022 are
	represented		by:
	Property,	plant and equipment				474					474
	Investments					231,003					231,003
	Net current		assets			688,397	3,418,800		50,000		4,157,197
						919,874	3,418,800		50,000		4,388,674

			2022	2021
			E
Within	one	year	7,665	7,665

Cash generated from operations	Cash generated from operations				2022	2021
(Deficit)/surpus for the year					(705,994)	268,221
Adjustments for:
Investment income recognised	in statement		offinancial	activities	(9,364)	(8,813)
Foreign exchange differences					517,384
Fair value gains and losses on	investments				34,939	(22,877)
Depreciation and impairment of property,		plant and equipment			259	309
Movements in working capital:
Decrease/(increase) in trade and other receivables					57,376	(42,792)
Increase in trade and other payables					83,475	16,785
Cash (absorbed by)/generated	from operations				(21,925)	210,833