2025-04-05-accounts

REGISTERF.D CIIARITY NUMBER: 277141 Report of the Trnste¢s And Unaudited Finan¢ial Ststements for the Yeir Ended 5 ApTiI 2025 for The Daniel Fglkner Charitable Trust Grant HaTrod LcrinaD Davis ilP Chartered Accountants Second Floor, Kirkiand Hovs¢ 11-15 Peterborough Road Elarrow Middlesex HAI 2AX

The Daniel Fllltner Chxritablc TTUSt Contents of the Financial Statements for tb¢ ye*r eaded 5 April 2025 Page Report oftbe Trt￿tees I to 2 Ind¢p¢ndent Eiaminer's Report ststement of Financial Activities Balanee Sheet Note5 to the Fin8nciil StAtemeDts 6 to 10 DetAiled Stittmtnt of Financial A¢tlvltles

The DaDtel Fall(ner Charitable I'ru5t Retmbrt of the Trustees for the yeAr ended S April 2f125 The Trustees present their report with the fin￿Cial statements of the charity for the y&qr ended 5 April 20?5. The Trustees hav¢ adopt¢d the provisions of Aecounling and Reporting by Charities= Slatemeni of Re¢omm¢Jded Prd¢tiee applicable to charitl¢s prewing their ac¢outLts in ar¢ordan¥¢ with th¢ financial Reporting Standard applicable ID the atsd R¢publi¢ of Ireland IFRS 102) {effective l January 20191. OBJECTIVES AND ACTivrtlES Objectives a￿d ims Th¢ Charity gives grants to such Charities or for such Charitable pu4X)scs and in such proportions and in such manner artd subjeci ro su¢h tenns and conditions as (he Tn]stees may from time to lime at th¢ir uncontrolled discrttion dcierniine. In setting our objectives, the TNst¢¢s s¢le¢t the causes to benefit from donalions after carefjjl cullsideraiion, and speculative appli￿ationS are unlikely to be 5UCCe55ful. Significant activities Th¢ Trust ￿ainlY makes grants to individual scientific researchers pritnarily in Israel. and the UK and to other simi18r organ15ations supw>rtiThg scientific research. such as BeD Guriort Universtty in Israel. In addition thc Trustees give 8rants to other charitable organisations with non ￿l¢ntifiC objects. Publlc benefit In sethng our objeciives and planning our a¢tiviti¢s th¢ Trustees have given care￿[ consideraiion w the Charity Commission's g¢nera] guidan¢¢ on public benefit, and are satisfied that ihey comply wth that guidance. GrgntmalKlThg Grants are made a¢cordan¢e wth the Tn￿t Deed govcrning the Danicl Falkner Charitable Tnt5t, and focu5 primarily ot> scientific rescarch in Israel and the UK. In addition donations are made to other chaxithble iM)dies and individual.%. ACHIEVEMEfiTS AND PERFORMATrICE Charitable #ttivities The charity ffiade grants appropriate to the aims of suptrfTrrting scientific research and other grants as noled above during the yeartotslling £42,687 (2024 £54.256). FJNANCIAL REVIEW Inv¢$tmttyt poll¢y And objectives The investment objective is to maximise the investments return through active mAnagemcnt in the Stock market using an experienced Fund M8na8er, Barclays Wealth Management. and this is reviewed ai regular intervals. The charity also holds & number of smaller investments, Mryth recognised invcsttnenr Mal￿gerS. for example Htnderson, a medium to high risk investtnent approach has been taken as the focus is on capitsl grouth. Ru¢rwes poli¢y The Charirys lunds w¢re larg¢ly provided by the late Daniel Falkner who hupcd that the Trust would be maitstained long tenn as a grant makin¥ budy. and therelorc hi5 Icga¢y is all Expendable F.ndoMrynent. The Tru5tee5 consider that a 5UTll no less than three years commitments as an appropriate level of reservES. The re%erve5 policy and level of reseryes required are reyiewed on a regular basis by the Trnstees during their meciings. The Tnjstees have reserves ¢arri¢d fonvard ￿rythin the unrcstricted fund of £1,027,865 which is 5uffici¢nt to ￿rtd thre¢ STRUCTiIRE, GOVERNANCE AND MANAGEMENr Governing doturnent The charity is controlled by its governing documenl a Trust Deed dated 13 December 1978, and conEtitut¢5 uninGorpordted charity. Recruitment appointment of new tnjstees The ¢UTrertt tNstees ¢hLry)se individuals with the appropriate skills. knowledge and exp¢ri¢nre netdd for th¢ eff¢c¢iv¢ administration of thc charity. OrgADi5stionl strneture The TTUStees manage the Gharity. Pag¢ I

The DAniel Falkner ChAritablt Trust Report frf the Tru8tee5 for the year ended 5 Apri12025 STRucfuRE. C.OVERNANCE AND MANAGEMENT Induction gnd traiDiDg of new trn5tees The Tnjstces have thll knowledge of the Charity Cornmission's guidance. 'The Essential Trusiet: What you need Related pArties During the year ended S April 2025. there was one related patty transactions in the Daniel Faikner Cknitsbl¢ Trnst. Donation to Ros¢tree Foundation totailing £15.251, whi¢h Ann Bergcr is th¢ CEO. Risk mana8eJnent The Trustee5 have a dury to identify and revicw the risks to which the charity is exposed and to ensure appropriate controls are in pla¢e to provide rvasonable assuran¢¢ &gain5t fraud and etTOT. The Trustees have c4)nsidered the risks to which tbe charity 15 exposed and are satisfied that they have procedures in place to minimisc these. REFERENCE AND ADMIP41STRATIVE DETAILS ReEiStered ChArity number 277141 Principal address 177 Hampstead Way tK)ndon NWI 17YA Trnsttts Mrs A L J Ber¥er R D Crdig (resig￿ed 7.10.2024) G D Berger Miss R J Berger Independeyxt Examiner Jeremy Harrod Grant Hatrod L¢rntsnDavis LLP Chartered Acrountrants Second Floor, Kirkland House 11-15 Peterlh)rough Road HaJTOW Middl¢sex HAI 2AX Approved by order of the iK)ard of trustees on ...... . and signed on its behalf by-. 102 MrsA LJBerse Trnstee Page 2

Independent Eiarniner's Report to the TTUStees of The Daniel Falkner Charitsble Tru$t Independent txominer's report to the trust¢¢5 oTThe D8nitl Falkntr Chirltablt Trnyt I report to the ¢harity trystees on my examination of ihe accowits of The Daniel Falkner C.harit&blc Trust (the Tn]5t) for the yearthded 5 April 2025. Responsibilities •lld b8sis of report A5 th¢ charity trnstees of the Trusi you are responsible for th¢ preparation of the accounts in ac¢ordan¢¢ wkth the requirem¢nL8 of the Clwitie5 Ad 2011 {Ihe Act). I report itt respect of my exaniination of the Trust's account5 canied out under Section 145 of the Act and in carying out my examination I have followed all applicabl¢ Directions given by the Charity Commission under SectiOE1 145{5)(b) of the Act. Independent ex&miner's ststeThenl I have ¢OTnpleted my examination. I confinn that no material matters have come to my attentiot) in conneclion with the vAaminalion giving me cause to believe Chat in any material respect.. accounting records were not kept in r¢spect of the Trnst as rcquired by Section IJO of thc Act., or the a￿Oll￿t$ do not attord Mryth those records. or the accounts do nol comply with the applicable requirements ¢on¢erning the forni Jnd content of accounts SEI out ifi the Charities (A¢￿Unts and Reports) Regulations 2008 olher than any requÈTernent that the acwuttts give a true and fair view which is not a matter considered as pan of an independeni examinatign. I hjve no concerns and have come across no other matters in ¢onne¢iion w￿th th¢ ¢xamiDaiion to which attcntion Should be draw) this. report in ord¢r to eJthl¢ a proper ullderstanding of the accounts to be reached. Jeremy Harrod Grdnt Harrod Lcrman Davis LLP Chartered Awountants Second Floor, Kirkland HO￿$¢ 11-15 Pelerborough Road Harrow Middle5ex HAI 2AX Page 3

The Daniel Falkner Charit4bk Tn￿t Statement of Fin8ncial Activities fTrr the year ended 5 April 2025 2025 L.nrestrict¢d fund 2024 Total funds Notes INCOiWE AND ENDOWMENTS FROM Illvestment income 34,129 33,942 EXPENDfnJRE O RBising fiEnds 4,819 1,005 Ch#rltable #ttlvities 42,687 54,256 Totsi 47506 55,261 Net gain￿[loSSes} on investmet 19292 (13.496) NET INCOMEJ(EXPEIYDITURE) 5,915 (34.815) REcof4CILIATION OF FUNDS Total fvnd5 brought fon 1,027,865 1.062.681 TOTAL FUNDS CARRIED FORWARD 1,033,780 1.027.866 surp1￿5 and Deficit A￿OUnt 968 Posting discrepancies wer¢ found (n the reserve Accounts listed below. This is be¢aus¢ the brou8ht forwdTd rM)stings in th¢ ¢urrent year are not equal to the figures earried fon¥ard by IRJS at the end of IY45t year. Pltrase cheek your ty)stings i the brought fonvard account for the SUTpIu5 and drfirit a¢¢ount 968. UDr¢stricted funds Total funds Brought foti¥ard- 96811 .027,865 1.027,865 Carried fonvard 1,027,866 .027,866 Diffcrencc Post to r¢l¢vant accounts {se¢ UCkL4 chsrt of accounts forfurther details) Th¢ notes fomi part of thes¢ fLnLn¢iai statements Page 4

The Daniel Falkner Churitable Trust Balance She S April 2025 2025 Unrestricted fund 2024 Totsl funds Notes FIXED ASSF,TS Investments 996.738 1,009.626 CURREFrr ASSETS Cash ai bank 38,002 19200 CREDITORS Amounts falling due within onc year (960) (960) NEf CURRENT ASSETS 37,042 1¥240 TOTAL kn￿F.Ts LE&S CURREP LIABlI,rtlFS 1,033.780 1,027.866 NET ASSKTS 1,033,780 1,027.866 FUNDS Unrestricted funds 1,033,780 1.027.866 TOTAL FUNDS ,033,780 1,027,866 The finallcial statcmrnts werc approved by th¢ Board of Trustees and authorised for issue . and were signed on it5 behalf by: on T￿￿1¢¢ Th¢ not¢s fonn part of these firjameial statements Page S

e Daniel FAlkner Charitobl¢ Trnst l¥otes to the FinineSAI Statements for the year ended 5 April 2025 ACCOUNTING POLICIES Basis of pr¢p4ring the IlnaDclal 5titerneDts The f￿￿la1 swemetrts of the Gharity, whiGb is a public benefii entity und¢r FRS 101 have ixen preparEd in accordaDc¢ with the Charities SORP (FRS 102) 'A¢counting and Re￿rtIng by Charities.. St*ment of Rccommended Practice applicable to charities preparing their accounts in accordance with the Financia RepO￿tsg Standard applicable in the UK and Rcpubli¢ of tr¢land (FRS 102) {¢ftective l JaTJuary 2019),, Financial Reporting Standard 102 'Th¢ Fitiancial Reporting Standard applicable in the UK and Republic of Ireland. and the Charitie5 Act 2011. The financia] statem¢n15 have been prepared under the historical cost convention, with the ex¢eptLOll of Knvc51m¢nt5 which are included at tnatket value. IDtome All incom¢ is reco8niscd in the Statement of Financial Activiti&4 once th¢ ¢hariry has entitlement to the fimds, it is pmb8ble that the irtcome will be received and the 8mount can b¢ measured ￿liablY. ExpeBditure Liabiliti¢5 reCo￿lS¢d as ¢xpendiwre as soon as there is d legal or Constructive obligation Committing thc l]arity to tha¢ ¢xpenditure, it is probable that a transfer of ¢conomic benefits Aryll be required in 5cttlement and the amount of the obligation can be measured reliably. Expenditure is a￿0￿￿ted for on an a¢£n￿iS basis and has beEn tl8ssified utlder headings that aggregate all cosi r¢lat¢d to thc category. Where ¢gsts caTtnot be directly attributed to particular headings they have beert allocated to activities on a b&si5 COTiSiStent with the use of resource5. Taxation Th¢ ¢harity is exempi from lax on its charitsble activities. Fund accounting Unrestricted fund5 can be used in accordance th¢ ¢haritable objectives atthe di5ttetion of the tyustee5. Restrtcted fimds can only b¢ used for particular restricted purposcs within the objects of the charity. Re5trÉttions aJis¢ when Specified by the donor or when fi]nds are raised for particular restrict¢d purposes. Further explanation of the natr]rc and PUTPOSe of t￿h ￿nd is included in the not¢s to the financial stat¢ments. INVEsfMENT INCOME 2025 2024 Inveslments 34,129 33.942 Page 6 continued...

The Danid Falkner Charitable Tnkst Note5 to the Fillunci*l St•t¢m¢nts- continued ror the ye9r ended S April 2025 RAISING FUNDS IDYestment manage]n¢nt CO8ts 2025 2024 Supp)rt ¢osts 3,264 TRUSTEES, REMUNERATION AND BENEFrrs There were no tNstees' remuneration or other benefits for th¢ year cndcd 5 April 2025 nor for the year ¢nd¢d 5 April 2024. Trnstees, expenses rhere were no trustees, exyeThses paid for the ycar ended 5 April 2025 nor for the ye8r ended 5 April 2024. 21123 COMPAIL4TtVES FOR THE STATEMENf OF FINANCIAL ACTIVITIES UnK%trict INCOME AND Ef4DOWMF,PnS FROM Inveslment income 33,942 EXPF,NDITIJRE ON Raising funds 1.005 Ch4rit4ble aictiviLies CFLiRtTY 54,256 Total 55261 Net gainsl{loss¢g) on investments (13,496) NET INCOME/{EXPEP4DITURE) (34,815) RECONCILIATION OF FUNiL Total fvE]ds brou¥ht fonvard 1,062.681 T(wfAL FUNDS CARRIED FORWARD 1,027,866 Page 7 continued...

The Daniel FAll￿er Charitable Trnst P4otv to the Financial StatemeDt$- continued for the year ettded S April 2025 FIXED ASSET INVESTMENTS Unlisted investrnents MARKET VALUE At 6 April 2024 Disposals 1,007.880 111,1421 At 5 April 2015 996,738 NET BOOK VALU£ At 5 April 2025 996,738 At 5 April 2024 1.007,880 Ther¢ w¢r¢ no investment Assets outsid¢ the UK. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2025 2024 Other creditors 960 960 MOVEMEIYT IN FUNDS Net movement in ￿ndS At 5.4.25 A¢ 6.4.24 UDre5tTicÉed fund8 Genernl fi]nd 1.027.865 5,915 1,033,780 TOTAL FUNDS 1,027.865 5.915 1.033.780 Net movement in fiJnd5. included in thv al)ov¢ are as folloms". Incoming re50urc Resources expended Gain5 and Ios5eS Movement in fi￿dS Unre&tritted fvDds General fund 34.129 (47.5061 19,2Y2 5.915 TOTAL FUNDS 34,129 {47,506} 19.292 5,915 Page 8 continued...

The Daniel Falkner Chxritablt Trust Notes to the Fingn¢ig1 Statements- CLiiI¢iDued (or ¢be year ended 5 April 2025 MOVEMETIT TN FUNDS- coDti￿￿ed Cumparative5 for movement in fundg Net movement in fjjnds At 5.4.24 At 6.4.23 Unrestricted fund5 General fvnd 1,062,681 134,815) 1,027,866 TOTAL FUNDS 1,062,681 134,815) 1,027,866 Comparative net rnovement in funds, included in the alx)vt are as follows.. Incomin8 resourGcs ResOu￿¢S ¢xpend¢d Gains and losses Movement in funds Ilnrestrided funds Generat fijnd 33.942 (55,2611 (13,4961 (34,815) TOTAL FUNDS 33,942 (55,2611 113,4961 {34.815) A cumt year 12 rnonths and prior year 12 months combined position is as follows.- Nct movemen¢ in fiEnds At 5.4.25 Ai 6.4.23 Unrestricted fuDd5 Gcnerdl fund 1,062,681 (28yIO) 1,033,781 TOTAL WUNDS I.1￿2,681 (28.￿)01 1,033,781 A curren¢ year 12 month¥ prior year 12 month5 combined tjd mQVEmcnt in fvnd5. includcd in the above are as follows.. In¢oming resources Re5our¢es expended Gains and Ios5e5 Move￿¢nt in fi]nds ￿n￿StrI£ttd fund5 General fund 68,071 (102.767) 5,796 (28,900) TOTAL FUI¥DS 68,071 (102,767} 5,796 (28,900) Pag¢ 9 continued...

The Ihnitl Falkner Charitable Trn5t Note5 1• the FinAnciAI St8l¢ments- eontlnlled ror tbe yexr ended 5 April 21125 REIATED PARTY DISCLOSURES During the year ended 5 April 2025, there one relatcd party transactions in the Dani¢i Fa]kner Charitable T￿￿. Don*ion to Rosetree Foundation totaIling £15,251, which Ann B¢rg¢r is the CEO. Page 10

The D￿￿1￿ Fglkner Charitable Trnst Detsiled St8teThent ofFin8DCi81 Acllvltl¢8 for the yeAr ended S April 21)25 2025 2024 IIYCOME AND ENDOWMENTS Investment income Investments 34.129 33.942 Total incomlng Te50urees 3i.942 EXPENIDITURE Chwr5t*ble activities Supporting and encourage S￿dents in uttdertaking s¢i¢ntific resear¢h 42.687 54,256 Support costs Other 2 Supwrt costs 4,819 1.005 Tota] r¢sources expended 47,506 55,261 Net e4bendithre before yins and 10&4e$ (13J77) (21.3191 Rtslised reeognised and knsses Realis¢d gain￿(loSSeS) on fjxed asset iDv¢5unents 19292 {13,496) Net ineomeJ(expend1tu￿) 5,915 134,815} This page does not fonn part of the statt]tory financial statements Page I