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