## REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 ## **Leading, Defending, Enriching Jewish student life on and off Campus** _Registered company number 00546659, registered charity number 313503 (B’nai B’rith Hillel Foundation)_ ## **Contents** **----- Start of picture text -----**
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- **03 A note from the CEO** - **06 Finance data** - **10 Making a difference in 2024-25** - **12 Report of the trustees** - **18 Independent Auditor’s report** - **20 Statement of financial activities** - **21 Balance sheet** - **22 Cash flow statement** - **23 Notes to cash flow statement** - **24 Notes to financial statements** ## **A note from the CEO** ## Dear UJS Members, Supporters, and Friends, As I prepare to step down as Chief Executive Officer of UJS, I am filled with immense gratitude and pride for all that we have achieved together. Leading UJS has been an extraordinary privilege, and I want to take this moment to reflect on the journey we have shared. Over the years, UJS has continued to grow as the collective voice of Jewish students across the UK and Ireland. We have worked tirelessly to support and empower our members, ensuring that Jewish life on campus remains vibrant, resilient, and inclusive. Through leadership initiatives, advocacy, and cultural programming, we have strengthened our community in the face of challenges, celebrated our diverse identities, and built lasting partnerships. **As I prepare to step down as CEO of UJS, I am filled with immense gratitude and pride for all that we have achieved together.** This past year has been no exception. We have expanded our impact, responding to the needs of Jewish students with innovation and determination. From defending our rights on campus to creating new opportunities for engagement, we have reinforced our commitment to making a real difference in the lives of our students. None of this would have been possible without the dedication of our student leaders, the support of our partners, and the unwavering passion of those who believe in the mission of UJS. As I take my next steps, I do so with confidence in the future of UJS. The strength of this organisation lies in its people – in the students who lead, advocate, and shape our community. I have no doubt that UJS will continue to grow, evolve, and thrive under new leadership. Thank you for allowing me to serve as your CEO. It has been an honour to stand alongside you, and I look forward to seeing UJS continue to flourish in the years ahead. **Arieh Miller, UJS CEO** **4** **5** ## **Finance Data** UJS continues our growth in both income generation and expenditure with success seen in renewed fundraising efforts in the year 2023/24. Our activity and delivery continues to grow, ensuring that we are able to deliver significant and funded activities for thousands of Jewish students annually. We have committed to using our reserves to continue to deliver sustainable programmes that are longlasting and far-reaching. Our priority is to ensure that we are delivering future Jewish community life that is vibrant, well versed in community issues, and willing and eager to step up and step in to key roles of leadership. Income Expediture £1,300,000 £1,200,000 £1,100,000 £1,000,000 £900,000 £800,000 £700,000 £600,000 £500,000 £400,000 £300,000 £200,000 £100,000 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 **7** **6** ## **Finance** ## **Data** Our expenditure is entirely dedicated to benefitting Jewish students and, due to diligent spending, UJS has been able to keep productivity high, delivering exceptional events, development and support, whilst ensuring our expenses are kept to a sensible and sustainable level. **80%+** Expediture directly on supporting students 6% fundraising 10% office costs and admin 5% digital engagement 14% student support by sabbatical officers 15% Israel engagement 12% leadership development and JSoc Training 8% student spaces (e.g. Hillel House) 14% celebrating Jewish life on campus 16% campaigning and combating antisemitism **Scan to hear about the impact of UJS on Campus from the students we’ve helped.** **8** **9** ## **Making a difference in 2024-25** ## **Leading** This year, UJS has continued to empower Jewish students to step into leadership roles across campuses in the UK and Ireland. We have expanded our leadership training programmes, equipping students with the skills and confidence to lead in their Jewish societies, and beyond. Our UJS Leadership Fellowship has brought students together with influential figures in politics, media, and the wider Jewish community, providing unparalleled opportunities for growth and networking. We have also deepened our investment in student democracy, ensuring that Jewish students have the platforms and support they need to advocate for their interests. From our annual UJS Conference to our engagement with national student bodies, we have strengthened our role as the representative voice of Jewish students at every level. ## **Defending** In the face of increasing challenges, UJS has remained unwavering in our commitment to defending Jewish students and ensuring their safety and well-being. We have worked closely with universities, student unions, and government bodies to combat antisemitism on campus, advocating for stronger policies and more effective responses to incidents of hate. Our partnerships with key organisations have enabled us to provide legal and emotional support to students facing discrimination, ensuring that no one has to stand alone. Through campaigns, workshops, and direct interventions, we have empowered Jewish students to challenge misinformation, stand up for their rights, and contribute to a more inclusive campus environment. ## **Enriching** Jewish life on campus continues to thrive thanks to the dedication and creativity of our student leaders. Over the past year, we have signed up more people than ever before, expanded our cultural, religious, and social programming, offering a diverse range of opportunities for students to engage with their Jewish identity. From vibrant Shabbat dinners to dynamic speaker events and educational trips, UJS has fostered an inclusive and welcoming community for students of all backgrounds. Interfaith and cross-communal initiatives have also played a central role in our work, helping to build bridges between different student communities and promote dialogue on complex issues. By facilitating meaningful conversations and shared experiences, we have strengthened relationships and enriched campus life for all students. As we look ahead, UJS remains committed to leading, defending, and enriching the experiences of Jewish students across the UK and Ireland, ensuring that they continue to thrive in every aspect of campus life. **10** **11** ## Trustees’ Report for the Year 2023-24 **Reference and administrative details for the year ended 30 June 2024** ## **Registered office** ## **Trustees** Amélie House, Golders Green Road London NW11 9DQ C R Bogush D E J Dangoor S W Debson E C Dwek J Flacks ## **Registered company number** L Goldberg 00546659 The Trustees of the Union of Jewish Students (UJS) are pleased to present the Annual Report and Financial Statements for the year ended 30 June 2024. The accounts have been prepared in accordance with the Charity’s Memorandum and Articles of Association and the accounting policies set out in note 1 to the accounts and comply with the small company regime (Section 477) of the Companies Act 2006, the Chanties 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 (FRS102) (effective I January 2019). B’nai B’rith Hillel Foundation is established as a charitable company limited by guarantee with company number 00546659 and is a registered charity with the Charity Commission (No 313503).The Charity’s affairs are governed by its Memorandum and Articles of Association which allows for any activities covered by the Charity’s objectives with no restrictions. The Charity is generally known as Union of Jewish Students (UJS).Its principal office is at Amelia House, 221 Golders Green Road, London, NWII 9DQ. ## **Objectives and Activities** UJS continues to serve as the representative body for over 9,000 Jewish students across the UK and Ireland. Our mission remains steadfast: to lead, defend, and enrich Jewish student life, ensuring that every Jewish student can proudly express their identity, participate in campus life, and access a supportive community. J Horn H Rose A Rose M J Simmons _Resigned 6/7/2023_ P Summerfield _Resigned 31/8/2023_ A Bloch D Grabiner L Shulman H Haskel _Resigned 30/06/2023_ H Isaacs _Appointed trustee 1/07/2024_ E Isaacs _Resigned 30/06/2024_ S Berkoff _Appointed 1/07/2024_ ## **Registered charity number** 313503 ## **Independent Auditor** Goldwins 75 Maygrove Road London NW6 2EG ## **Bankers** Lloyds TSB Edgware Commercial Centre 105-109 Station Road Edgware Middlesex HA8 7JL Throughout the year, UJS has delivered a diverse and impactful programme of activities, spanning leadership development, advocacy, and cultural enrichment. From our flagship Leadership Fellowship to campus-based initiatives, we have provided students with the tools, confidence, and opportunities to shape their university experience and the wider community. **12** _B’nai B’rith Hillel Foundation (Also known as UJS/Hillel) (Registered number: 00546659)_ _Report of the Trustees for the year ended 30 June 2024_ **13** ## Report of the Trustees FINANCIAL REVIEW ## **Financial Review** UJS remains in a stable financial position, with prudent financial management ensuring that we continue to deliver for Jewish students across the UK and Ireland. During the 2023-24 financial year, UJS received a significant one-off donation, which has provided a valuable opportunity to invest in the long-term future of Jewish student life. As with previous instances of such major grants, the Trustees are committed to ensuring that these funds create a lasting impact. To this end, we have allocated resources strategically, ensuring that this investment benefits Jewish students for years to come, rather than relying on it for ongoing operational costs. Our income streams remain diversified, with funding from a combination of donations, grants, and event-based revenue. However, given the evolving landscape of charitable giving and the broader financial climate, UJS will continue to focus on sustainable fundraising strategies to maintain financial security. ## “ In the face of increasing challenges, UJS has remained unwavering in our commitment to defending Jewish students and ensuring their safety and well-being. ## **Risk Register** The Trustees maintain a proactive approach to risk management, regularly reviewing potential challenges and mitigating actions. The key risks identified this year include: - Key Person Risk: With the planned departure of our Chief Executive Officer, UJS is ensuring a smooth transition to new leadership. The Trustees are overseeing a structured handover process to maintain organisational stability and continuity. - Reputational Risk: As a high-profile organisation representing Jewish students, UJS is subject to significant scrutiny. The Trustees continue to monitor reputational risks, ensuring that our public communications, advocacy, and programming align with our mission and values. - Risk to Income: While our financial position is currently strong, we acknowledge the risks associated with an unpredictable funding environment. To address this, we are focused on diversifying our income sources, strengthening relationships with donors, and exploring new fundraising opportunities. - Additional considerations: additional risks are identified, assessed and controls are established on a regular and ongoing basis. Consequently the trustees are satisfied that the major risks identified have been mitigated. **Jacqueline Horn** Treasurer, B’nai B’rith Hillel Foundation ## **Future Outlook** Looking ahead, UJS remains committed to supporting Jewish students in a rapidly changing environment. The challenges posed by October 7th and its aftermath have underscored the importance of our work in defending Jewish students’ rights and ensuring their safety and wellbeing. We will continue to advocate at the highest levels, expand our welfare support, and enhance our leadership and engagement programmes. As UJS prepares for a transition in leadership, we do so with confidence in the strength of the organisation and the students we serve. The commitment of our student leaders, staff, and supporters ensures that UJS will continue to thrive, making a lasting impact on Jewish student life for years to come. 11 April 2025 _B’nai B’rith Hillel Foundation (Also known as UJS/Hillel) (Registered number: 00546659)_ _Report of the Trustees for the year ended 30 June 2024_ **14** **15** INDEPENDENT AUDITOR’S REPORT ## Report of the Trustees ## **Opinion** We have audited the financial statements of B’nai B’RITH HILLEL Foundation (the ‘Charity’) for the year ended 30 June 2024 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). ## **Opinion on financial statements** from when the financial statements are authorised for issue. In our opinion the financial statements: Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. - give a true and fair view of the state of the charitable company’s affairs as at 30 June 2024 and of its income and expenditure for the year then ended: - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ## **Other information** The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. We have nothing to report in this regard. ## **Opinion on other matter prescribed by the Companies Act 2006** Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months In our opinion, based on the work undertaken in the course of the audit: - the information given in the trustees’ report ## Report of the Trustees INDEPENDENT AUDITOR’S REPORT (incorporating the directors’ report) for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the trustees’ report (incorporating the directors’ report) has been prepared in accordance with applicable legal requirements. ## **Matters on which we are required to report by exception** In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees’ remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of the trustees** As explained more fully in the Trustees’ Responsibilities Statement, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. ## **Our responsibilities for the audit of the financial statements** Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below. In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following: - We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity’s policies and procedures relating to: - identifying, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance; - Detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected, or alleged fraud; - The internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations. - We inspected the minutes of meetings of those charged with governance. - We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity _B’nai B’rith Hillel Foundation (Also known as UJS/Hillel) (Registered number: 00546659)_ _Report of the Trustees for the year ended 30 June 2024_ **16** **17** ## Independent Auditor’s Report TO THE TRUSTEES OF B’NAI B’RITH HILLEL FOUNDATION (ALSO KNOWN AS UJS/HILLEL) from our professional and sector experience. - We reviewed the financial statement disclosures and tested these to supporting documentation to assess compliance with applicable laws and regulations. - We performed analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud. • In addressing the risk of fraud through management override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business. ## **Use of our report** This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: [www.frc.org.uk/ auditorsresponsibilities]. This description forms part of our auditor’s report. ## **Anthony Epton (Senior Statutory Auditor)** ## **Signature:** 11 April 2025 ## **Date:** for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG **Statement of financial activities for the year ended 30 June 2024** **18** **19** ## Statement of financial activities FOR THE YEAR ENDED 30 JUNE 2024 ||**Notes**||**Unrestricted**||**Restricted**||**Total Funds**||**Total Funds**| |---|---|---|---|---|---|---|---|---|---| ||||**Funds £**||**Funds £**||**2024 £**||**2023 £**| |**Income and endowments from**|||||||||| |Donations and legacies|3||1,758,807||44,369||1,803,176||821,830| |Charitable activities|4||10,627||-||10,627||20,555| |Other income|||-||-||-||-| |**Total Income**|||1,769,434||44,369||1,813,803||842,385| ||||||||||| |**Expenditure on**|||||||||| |Raising funds|||74,291||-||74,291||50,819| |Charitable activities|6||985,712||86,123||1,071,835||905,085| |Other|||608||-||608||608| |**Total Expenditure**|||1,060,611||86,123||1,146,734||956,512| ||||||||||| |**NET INCOME / (EXPENDITURE) FOR**
**THE YEAR**|9||708,823||(41,754)||667,069||(114,127)| |Transfer between funds|||-||-||-||-| ||||||||||| |Net income / (expenditure) before other
recognised gains and losses|||708,823||(41,754)||667,069||(114,127)| |Net movement in funds|||708,823||(41,754)||667,069||(114,127)| ||||||||||| |**Reconciliation of funds**
Total funds brought forward|||1,016,759||113,037||1,129,796||1,243,923| |**Total Funds carried forward**|||1,725,582||71,283||1,796,865||1,129,796| ## Balance sheet FOR THE YEAR ENDED 30 JUNE 2024 ||**Notes**||**£**|**2024 £**||**£**|**2023 £**| |---|---|---|---|---|---|---|---| |**Fixed assets**|||||||| |Tangible assets|14|||801|||1,409| |Investments|15|||517,176|||517,176| |||||517,977|||518,585| |**Current assets**|||||||| |Debtors|16||87,976|||62,266|| |Cash at bank and in hand|||1,234,732|||591,372|| ||||1,322,708|||653,638|| |**Liabilities**|||||||| |Creditors:
amounts falling due within one year|17||(43,820)|||(42,427)|| |**Net current assets / (liabilities)**||||1,278,888|||611,211| |Total assets less current liabilities||||1,796,865|||1,129,796| |Creditors:||||-|||-| |amounts falling due after one year|||||||| |**TOTAL NET ASSETS / (LIABILITIES)**||||1,129,796
796,865|||1,243,923
129,796| |**The funds of the charity:**|19||||||| |Restricted income funds||||71,283|||1,016,759| |Unrestricted income funds:
General funds|||1,725,582|||113,037|113,037| ||||||||| |Total unrestricted funds||||1,725,582|||| |**Total funds**||||1,796,865|||1,129,796| **The financial statements have been prepared in accordance with the special provisions for small companies under Part15 of the Companies Act 2006.** All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 19 to the financial statements. **Jackie Horn (Treasurer)** 11 April 2025 **20** **21** FOR THE YEAR ENDED 30 JUNE 2024 ## Cash flow statement |**Notes**
**Cash fows from operating activities**
a
Net cash provided by / (used in)
operating activities
**Cash fows from investing activities**
Purchase of fxed assets
Net cash provided by / (used in) investing
activities
**Cash fows from fnancing activities:**
Repayments of borrowing
Cash infows from new borrowing
**Net cash provided by / (used in)**
**fnancing activities**
**Change in cash and cash equivalents in**
**the year**
Cash and cash equivalents at the
beginning of the year
**Cash and cash equivalents at the end of**
**the reporting period**|**2024 £**
-|**£**
643,360
-
-|**2023 £**
-|**£**
(80,507)
-
-| |---|---|---|---|---| ||-||-
-|| |||||| |||643,360
591,372||(80,507)
643| |||1,234,732||591,372| ## Notes to the cash flow statement FOR THE YEAR ENDED 30 JUNE 2024 ## **a. Reconciliation of net (expenditure)/income to net cash flow from operating activities** |**Net (expenditure)/income for the reporting period**
**(as per the Statement of Financial Activities)**
**Adjustments for:**
Depreciation charges
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by / (used in) operating activities**|**2024 £**
667,069
608
(25,710)
1,393|**2022 £**
(114,127)
608
37,278
(4,266)| |---|---|---| ||643,360|(80,507)| ## **b. Analysis of changes in net funds** |Cash in hand
**Total cash and cash equivalents**|**At 1/7/23**
591,372|**Cash fow**
**£**
643,360|**Other changes**
**£**
-|**At 30/6/24**
**£**
1,234,732| |---|---|---|---|---| ||591,372|643,360|-|1,234,732| **22** **23** ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **1. Accounting policies** ## **a) Basis of preparation** The financial statements have been prepared in accordance with 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 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006. The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. ## **b) Going concern** The trustees consider that there are no material uncertainties about the charitable company’s ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **1. Accounting policies - continued** ## **h) Intangible fixed assets other than goodwill** Identifiable website development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated. Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Website Development Costs Over 3 years ## **i) Tangible fixed assets** Items of equipment are capitalised and depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows: ## **c) Incoming resources** ncome 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 on a regular basis. 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. Short leasehold Straight line over the terms of the lease The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **j) 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. ## **d) Resources expended** All expenditure is accounted for on an accruals basis end has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of resources. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the company and include project management carried out at Head Office. Governance costs are those incurred in connection with administration of the Company and compliance with constitutional and statutory requirements. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. ## **e) Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. ## **k) Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users. ## **l) Basic financial liabilities** Basic financial liabilities, including creditors, 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 receipts 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. ## **f) Government grant** s Government grants, which include amounts received under the Coronavirus Job Retention Scheme, are recognised at the fair value of the grant received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received The income is recognised in other income on a systematic basis over the periods in which the associated costs are incurred, using the accrual model. ## **g) Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of restricted funds are set cut in the notes to the accounts. Investment income, gains and losses are allocated to the appropriate fund. ## **m) Pensions** The Charitable Company operates a defined contribution pension scheme. Contributions payable to the Charitable Company’s pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **n) Taxation** The Charity is exempt from Corporation Tax on its charitable activities. As a charity the company is generally exempt from income and capital gains tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates. ## **o) Foreign Currencies** Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. **24** **25** ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **2. Detailed comparatives for the statement of financial activities** |**Income from:**
Donations and gifts
Grants
Other income
**Total income**
**Expenditure Income**
Raising funds
Charitable activities
Other
**Total expenditure**
Net income / expenditure before gains /
(losses) on investments
Net gains / (losses) on investments
Net income / expenditure
Transfer between funds
Net movements in funds
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**Funds £**
641,487
20,555
-|**Restricted**
**Funds £**
180,343
-
-|**Total Funds**
**2023 £**
821,830
20,555
-| |---|---|---|---| ||**662,042**|**180,343**|**842,385**| ||50,819
731,538
608|-
173,547
-|50,819
905,085
608| ||**782,965**|**173,547**|**956,512**| ||(120,923)
-|6,796
-|(114,127)
-| ||(120,923)
-
(120,923)
1,137,682
**1,016,759**|6,796
-
6,796
106,241
**113,037**|(114,127)
-
(114,127)
1,243,923
**1,129,796**| ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **3. Income from donations and legacies** |Donations and gifts|**Unrestricted £**
1,758,807|**Restricted £**
44,369|**Total 2024 £**
1,803,176|**Total 2023 £**
821,830| |---|---|---|---|---| ||1,758,807|44,369|1,803,176|821,830| ## **4. Income from charitable activities** |**Charitable activities**
Events and activities|**Unrestricted £**
10,627|**Restricted £**
-|**Total 2024 £**
10,627|**Total 2023 £**
10,627
20,555| |---|---|---|---|---| ||10,627|-|10,627|10,627
20,555| ## **5.Expenditure on raising funds** |**Fundraising and publicity**
Staf costs
Staging fundraising events|**Unrestricted £**
69,995
4,296|**Restricted £**
-
-|**Total 2024 £**
69,995
4,296|**Total 2023 £**
43,149
7,670| |---|---|---|---|---| ||74,291|-|74,291|50,819| **26** **27** ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **6. Expenditure on charitable activities** |Grant payable (see note 7)
**Direct cost:**
Staf costs
Jewish student centre expenses
Leadership, development and training
Conferences and events
Educational trips and activities
University society funding
ICT and telecommunications
Other expenditure
Israel Fellows
Ofce Equipment
Share of support and governance costs (see note 8)|**2024 £**
-
308,666
108,846
194,888
287,406
31,168
7,149
6,193
42,608
84
510|**2023 £**
36,820
305,891
72,710
84,273
146,421
4,038
12,620
10,637
47,212
116,317
1,690| |---|---|---| ||987,518
84,317|838,629
66,456| ||1,071,835|905,085| |||| ## **7. Grant funding activities** |The total grants paid to institutions during the
year was as follows:
Welfare grant
uring the year the entity made welfare grants of £Nil (2023: 36820) to individuals|**2024 £**
-
-|**2023 £**
36,820
36,820| |---|---|---| |||| During the year, the entity made welfare grants of £Nil (2023: 36,820) to individuals. ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **8. Support costs allocated to activities** |**Support costs**
Repairs & maintenance
Printing, postage &stationery
Bank charges
Legal and professional costs
Insurance
IT expenses
Telecommunications
General expenses
Other expenses
**Governance costs**
Accountancy and legal fees
**Analysed between:**
Fundraising
Charitable activities|||**2024 £**
256
7,327
5,019
5,546
16,636
10,963
1,369
16,501
-|**2023 £**
1,274
1,945
(86)
731
15,000
9,358
1,708
16,247
249| |---|---|---|---|---| ||||63,617
20,700|46,426
20,030| ||||84,317
-
84,371|6,456
-
66,456
6| ||||84,317|6,456
6| ## **9. Net incoming resources for the year** |Depreciation
Auditors’ remuneration (excluding VAT): Audit
This is stated after charging / crediting|||**2024 £**
608
8,500|**2023 £**
608
-| |---|---|---|---|---| The Charity has made use of the exemptions included in Charities SORP section 16.21 stating that details of the recipient of a grant are not required where grants are made to individuals or where total grants to a particular institution are not material in the context of institutional grants. **28** **29** ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **10. Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel** |Salaries and wages
Social security costs
Employer’s contribution to defned pension schemes||**2024 £**
344,797
25,992
7,872|**2023 £**
310,933
29,699
8,408| |---|---|---|---| |||378,661|349,040| No employee earned more than £60,000 during the year (2023: nil). The key management personnel of the charity comprise the Trustees, CEO and Finance Manager. The total employee benefits including pension and national insurance contributions of the key management personnel were £103,903 (2023: £83,292). Two charity trustees were paid or received above benefits from employment with the charity in the year. Trustees’ reimbursement of travel and subsistence costs is £Nil. ## **11. Staff numbers** |The average number of employees (head count=based on number of staf employed) during
the year was as follows:
Charitable, administration & fundraising|**2024 No.**
12|**2023 No.**
12| |---|---|---| ||12|12| ## **12. Taxation** The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **13. Intangible fixed assets** |**Cost**
At the start of the year
At the end of the year
**Amortisation**
At the start of the year
At the end of the year
**Net book value**
At the start of the year
At the end of the year
**14. Tangible fxed assets**|**Development**
**Costs £**
15,332|**Total**
**£**
15,332| |---|---|---| ||15,332|15,332| ||15,332|15,332| ||15,332|15,332| ||-|-| ||-|-| |||| |**Cost**
At the start of the year
At the end of the year
Disposals in year
At the end of the year
**Depreciation**
At the start of the year
At the end of the year
Disposals in year
At the end of the year
**Net book value**
At the end of the year
At the start of the year||| ||**Development**
**Costs £**
24,950
-
-|**Total**
**£**
24,950
-
-| ||24,950|24,950| ||23,541
608
-|23,541
608
-| ||24,149|24,149| ||801|801| ||1,409|1,409| **30** **31** ## Notes to the financial statements ## (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **15. Fixed asset investments** |Shares
Loans|||**2024 £**
1
517,175|**2023 £**
1
517,175| |---|---|---|---|---| ||||517,176|517,176| |**Market value**
At 1 July 2023 and 30 June 2024
**Net book value**
At 30 June 2024
At 30 June 2023
At 1 July 2022 and 30 June 2023
here were no investment assets outside the UK.
h ’ itt t th bl ht dt i th h itl f i ild th flli|**Investments in**
**Subsidiaries £**
1| |---|---| ||1| ||1| ||| ||**Loans to Group**
**Undertakings £**
517,175| ||| ## There were no investment assets outside the UK. The company’s investments at the balance sheet date in the share capital of companies include the following: ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 ## **16. Debtors: amounts falling due within one year** |Other debtors
Prepayments and accrued income|||**2024 £**
892
87,084|**2023 £**
10,100
52,166| |---|---|---|---|---| ||||87,976|62,266| ## **17. Creditors: amounts falling due within one year** |Trade creditors
Social security and other taxes
Amounts owed to subsidiary undertakings
Other creditors
Accruals and deferred income|||**2024 £**
10,216
10,302
1
7,801
15,500|**2023 £**
19,404
11,022
1
-
12,000| |---|---|---|---|---| ||||43,820|42,427| ## **Union of Jewish Students Limited** Registered office: New Derwent House, 69-73 Theobalds Road, London, WC1X 8TA Nature of business: Dormant **% Holding Class of share:** 100 Ordinary **2023 £ 2022 £** Aggregate capital and reserves 1 1 ## **The Yorkshire and Humberside B’nai B’rith Hillel Foundation** Included in fixed asset investments is £517,175 which relates to that part of the refurbishment costs advanced by the Charity for the Hillel House in Leeds, a property owned by The Yorkshire and Humberside B’nai B’rith Hillel Foundation. As agreed by the trustees, a legal deed dated 29th June 2017 was signed expressing the view that if the Hillel House was to be sold at some future time, an amount equal to the amount of the refurbishment costs shall be paid by The Yorkshire and Humberside B’nai B’rith Hillel Foundation to B’nai B’rith Hillel Foundation, subject to The Yorkshire and Humberside B’nai B’rith Hillel Foundation retaining such proportion of the net sale proceeds of the property as may be required in order to maintain adequate provision for the Jewish students in Leeds at that time. Notwithstanding this, B’nai B’rith Hillel Foundation continues to financially support Jewish students in Leeds in terms of their activities, spaces to hold their activities and the provision of kosher food. **32** **33** ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 ## **18. Analysis of net assets between funds** |Fixed assets
Investments
Current assets
Current liabilities
**Comparative for analysis of net assets between funds (FY 2023)**
Fixed assets
Investments
Current assets
Current liabilities|**Unrestricted**
**Funds £**
801
517,176
1,251,425
(43,820)|**Restricted**
**Funds £**
-
-
71,283
-|**Total Funds**
**£**
801
517,176
1,322,708
(43,820)| |---|---|---|---| ||1,725,582|71,283|1,796,865| ||**Unrestricted**
**Funds £**
1,409
517,176
540,601
(42,427)|**Restricted**
**Funds £**
-
-
113,037
-|**Total Funds**
**£**
1,409
517,176
653,638
(42,427)| ||1,016,759|113,037|1,129,796| ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 ## **19. Movement in funds** |**Restricted funds**
28 campus project (Israel Fellows)
Singer (Real Deal)
GL Jubilee
Reading
Kings college
Leeds
Hostage Badge
MGB UJS Sports project
Bristol
UJIA
Ball's (Birmingham/Nottingham/
Manchester)
CST
Jewish Agency
Freshers
**TOTAL RESTRICTED FUNDS**
**Unrestricted funds**
General funds
Total Restricted fund
**TOTAL FUNDS**|**At the start of**
**the year**
8,301
73,653
20,000
5,064
250
5,769
-
-
-
-
-
-
-
-|**Incoming**
**resources &**
**gains**
-
-
-
-
-
-
4,079
5,415
1,000
10,222
4,501
18,792
290
70|**Outgoing**
**resources &**
**losses**
(84)
(35,272)
(15,000)
-
-
(5,769)
-
(5,415)
(1,000)
-
(4,501)
(18,792)
(290)
-|**Transfers**
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**At the end of**
**the year**
8,217
38,381
5,000
5,064
250
-
4,079
-
-
10,222
-
-
70| |---|---|---|---|---|---| ||113,037|44,369|(86,123)|-|71,283| ||1,016,759|1,769,434|(1,060,611)|-|1,725,582| ||1,016,759|1,769,434|(1,060,611)|-|1,725,582| ||1,129,796|1,813,803|(1,146,734)|-|1,796,865| **34** **35** ## Notes to the financial statements ## (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 ## **19. Movement in funds - continued** |**Comparative for movements in**
**funds (FY 2023)**
**Restricted funds**
28 campus project (Israel Fellows)
Singer (Real Deal)
GL Jubilee
Reading
Kings college
Leeds
**TOTAL RESTRICTED FUNDS**
**Unrestricted funds**
General funds
Total Restricted fund
**TOTAL FUNDS**|**At the start of**
**the year**
100,927
-
-
5,064
250
-
250|**Incoming**
**resources &**
**gains**
23,691
130,883
20,000
-
-
5,769
250|**Outgoing**
**resources &**
**losses**
(116,317)
(57,230)
-
-
-
-
250|**Transfers**
-
-
-
-
-
-
-|**At the end of**
**the year**
8,301
73,653
20,000
5,064
250
5,769
-| |---|---|---|---|---|---| ||106,241|180,343|(173,547)|-|113,037| ||1,137,682|662,042|(782,965)|-|1,016,759| ||1,137,682|662,042|(782,965)|-|1,016,759| ||1,137,682
1,243,923
|662,042
842,385
842,385
842,385
842,385
~~=====~~|(782,965)
(956,512)
~~======~~|-
-
~~=====~~|1,016,759
1,129,796
~~==~~
~~=====~~| ||~~=====~~||||| ## Notes to the financial statements (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 ## **20. Related party transactions** B’nai B’rith Hillel Foundation shares common trustees with The Yorkshire and Humberside B’nai B’rith Hillel Foundation. During the year, the Foundation incurred expenses totalling £nil (2023: £nil) on behalf of The Yorkshire and Humberside B’nai B’rith Hillel Foundation with respect to property held by the related party. The balance of £517,175 (2023: £517,175), representing the refurbishment costs incurred in prior years, is included in investments at the year end. During the year trustees made donations totalling £22,664 (2023: £1,410). ## **21. Post balance sheet events** In light of the tragic events and loss of life in Israel on 7 October 2023, and related increase in campus based antisemitic incidents, the Charity launched an emergency fundraising appeal to support the additional needs of students on campus. The additional income raised will be included in the accounts for the current and following year. ## **21. Legal status of the charity** The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. ## **Purposes of restricted funds** ## Real Deal Funder A generous USA based charitable foundation is supporting UJS to provide educational experiences offering an introduction to Israel and an introduction to the Israeli Palestinian conflict. These trips are for students from a diverse range of faiths and cultures ## Israel Fellows This programme provides funds, speakers and resources to enable Jewish Society and Israel Society volunteers to run events on Israeli history, culture and society with students from a wide range of backgrounds and faiths. ## Reading These funds are restricted for funding activity by Reading J-Soc or activity that supports Reading J-Soc. ## Kings College These funds are restricted for funding activity by Kings College J-Soc or activity that supports Kings College J-Soc. ## Leeds These funds are restricted for funding activity by Leeds J-Soc or activity that supports Leeds J-Soc. ## GL Jubilee Donation for specific initiatives on social action and inclusion. **36** **37** **Here’s to a fantastic 2025/26!** ## **Get in touch** 020 7424 3288[.] info@ujs.org.uk[.] www.ujs.org.uk UJS, Amelie House, 221 Golders Green Road, London, NW11 9DQ **Scan the QR code to donate now and support thousands of Jewish students across the UK ujs.org.uk/donate**