**B’nai B’rith Hillel Foundation AKA Union of Jewish Students of the UK and Ireland (UJS)** ## **Annual Report and Financial Statements** 30 June 2025 Company Registration Number 00546659 Charity Registration Number 313503 ## **Contents** ## **Reports** |**Reports**|| |---|---| |Reference and administrative information|1| |Trustees’ report|2| |Independent auditor’s report|9| |**Financial statements**|| |Statement of financial activities|14| |Balance sheet|15| |Statement of cash flows|16| |Principal accounting policies|17| |Notes to the financial statements|21| B’nai B’rith Hillel Foundation ## **Reference and administrative information** |**President**|S Berkoff (resigned 30 June 2025)| |---|---| ||L Danker (appointed 1 July 2025)| |**Trustees**|C R Bogush| ||D E J Dangoor (resigned 1 September 2025)| ||S W Debson (resigned 22 October 2024)| ||E C Dwek| ||J Flacks (resigned 31 December 2025)| ||L Goldberg| ||J Horn| ||H Rose (resigned 12 January 2026)| ||A Rose| ||A Bloch| ||D Grabiner| ||L Shulman| ||H Isaacs (resigned 31 December 2025)| ||S Berkoff (resigned 30 June 2025)| |**Chief Executive**|M Kaye (appointed 3 July 2025)| ||A Miller (resigned 2 July 2025)| |**Registered office**|Amélie House,| ||Golders Green Road| ||London| ||NW11 9DQ| |**Company registration number**|00546659| |**Charity registration number**|313503| |**Auditor**|Buzzacott Audit LLP| ||130 Wood Street| ||London| ||EC2V 6DL| |**Bankers**|Lloyds TSB| ||Edgware Commercial Centre| ||105-109 Station Road| ||Edgware| ||Middlesex| ||HA8 7JL| B’nai B’rith Hillel Foundation **1** **Trustees’ report** Year ended 30 June 2025 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 2025. The financial statements 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 financial statements and comply with the small company regime (Section 477) of the Companies Act 2006, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 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, NW11 9DQ. ## **Trustee recruitment, appointment and induction** Trustees are appointed in accordance with the Articles of Association. New trustees receive an induction covering the charitable company’s objects, governance responsibilities, strategic priorities and financial position. The trustees keep their skills and knowledge under review and take appropriate steps to ensure that the Board has the range of expertise needed to govern the charitable company effectively. ## **Decision-making and management** The trustees meet regularly throughout the year to oversee the strategic direction and financial management of the charitable company. Day-to-day management is delegated to the Chief Executive and the senior staff team. The elected UJS President leads the student-facing work of the organisation within the framework set by the trustees and senior staff. ## **Pay policy for key management personnel** Remuneration for key management personnel is set by the trustees with reference to comparable roles in the sector and available resources. No trustee received remuneration for their services as a trustee during the year. One trustee received remuneration in their role as UJS President in the year to 30 June 2025 (2024 – two trustees). This is included within the Key Management Personnel remuneration figure as noted in note 8. ## **Related parties and connected organisations** UJS works in partnership with a number of communal organisations, including the Community Security Trust (CST). All relationships are conducted at arm’s length. Any significant transactions with related parties are disclosed in the note 18. B’nai B’rith Hillel Foundation **2** **Trustees’ report** Year ended 30 June 2025 ## **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. 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. ## **Aims and approach** UJS is the representative body for Jewish students across the United Kingdom and Ireland. It supports Jewish Societies (JSocs) on campuses, provides student leadership and development opportunities, campaigns against antisemitism and other forms of prejudice, and works to ensure that Jewish students can engage fully and safely with university life. The organisation’s work for the year was guided by the UJS Strategy 2022–2025, which set out four primary priorities: • Strengthening UJS’ provision of services and reputation on campus, including through digital innovation, broader engagement, representation of the Jewish student voice, and developing future leaders; - Creating a pathway from sixth form to university by working with school Jewish - societies and Jewish schools; - Engaging UJS alumni to support employment networks and grow the donor base; - Securing long-term and sustainable funding for UJS by the end of 2025. The strategy also identified supporting priorities, including increasing staffing capacity, enabling physical and communal spaces for students, and expanding Israel engagement. ## **Public benefit statement** The trustees confirm that they have had regard to the Charity Commission’s guidance on public benefit when planning and reviewing the charitable company’s activities. The charitable company benefits Jewish students across the UK and Ireland, and in doing so also benefits the wider public through its educational, welfare, and civic engagement work. The charitable company’s activities are open to Jewish students regardless of denomination, political affiliation, or religious background. B’nai B’rith Hillel Foundation **3** **Trustees’ report** Year ended 30 June 2025 ## **Achievement and Performance** The following provides a summary of the charitable company’s main areas of activity during the year ended 30 June 2025. A fuller impact report covering the 2024 – 2025 year will be produced separately. ## _**Student representation and campus engagement**_ UJS continued to represent Jewish students on campuses across the UK and Ireland, engaging with Jewish Societies, student unions, and universities. The elected UJS President represented the interests of Jewish students in discussions with universities, national student bodies, communal organisations, and government. ## _**Leadership development and student programming**_ UJS delivered its core programme of student-facing activities during the year. These included the UJS conference and convention, UJS conference Scotland and Ireland, JSoc training events, the UJS Student Awards, Jewish life on campus programming including the Friday Night and Shabbat Meal Fund, and leadership development programmes such as UJ6. The organisation also supported freshers’ events and wider campus outreach. Expenditure on programming and campaigns during the year was £1,070,628 (2024 - £878,672). ## _**Campaigns, welfare and antisemitism support**_ UJS continued its work supporting Jewish students affected by antisemitism and other forms of hostility on campus, working in partnership with the Community Security Trust and other communal organisations. Campaigns activity included work on welfare, counterextremism, and student advocacy. Restricted funding from the CST and other sources supported elements of this work during the year. ## _**Israel engagement**_ UJS continued to offer Israel engagement programming, including speaker tours and other activities, in partnership with communal organisations including UJIA. ## _**Student spaces and Hillel Houses**_ BBHF continued to maintain and support student residential and communal spaces during the year, including properties in Bristol and Nottingham, as well as supporting activity connected to the Leeds Hillel House. Costs associated with these properties, including rent, maintenance and utilities, are reflected in the financial statements. Expenditure on student spaces during the year was £101,955 (2024 - £108,846). ## _**Sixth Form and pipeline work**_ Work continued during the year to develop pathways from sixth form into university Jewish student life, in line with the 2022–2025 strategy. This included engagement with multiple school Jewish societies. B’nai B’rith Hillel Foundation **4** **Trustees’ report** Year ended 30 June 2025 ## **Financial Review** ## _**Income**_ Total income for the year was £1,371,494 (2024 - £1,813,803) with the reduction in the year as in 2023/24 additional donations were received in an additional appeal. The charitable company’s income is derived primarily from voluntary donations, including gifts from individual supporters, Guardians, Patrons, and Friends of UJS. Restricted income, including grants from the CST, UJIA and other funders, contributed £175,917 (2024 - £99,872) of total income. The Rosh Hashana and Pesach appeals together raised £29,000. ## _**Expenditure**_ Total expenditure for the year was £1,348,088 (2024 - £1,146,734). The largest area of expenditure was student programmes and campaigns, which accounted for £1,070,628 (2024 - £878,672), reflecting the charitable company’s primary focus on student-facing activity. Support for student spaces cost £101,955 (2024 - £108,846), fundraising costs were £48,365 (2024 - £74,291), and general support and governance costs were £127,140 (2024 - £84,925). ## _**Net movement in funds**_ The financial statements indicate a net surplus of £23,406 (2024 - £667,069) for the year. ## _**Restricted funds**_ Restricted funds at the year-end were £58,522, compared to an opening balance of £76,520. The movement reflects spending of restricted grants during the year, including amounts held for the Israel Fellows project, the ICPG grant, and other designated purposes. ## _**Reserves policy**_ The trustees maintain a reserves policy that aims to hold sufficient unrestricted reserves to cover a period of financial uncertainty and enable the charitable company to continue its activities in the event of a significant reduction in income or an unexpected increase in costs. The trustees review the reserves level annually. The trustees are in the process of redefining their reserves policy to define what the period of uncertainty should be. Since the year end the trustees have set a policy of between 3-6 months of unrestricted expenditure. At the year end their free reserves, (i.e. unrestricted general excluding tangible fixed assets) were £1,194,380 which equates to 10 months expenditure. The financial statements indicate that the charitable company holds significant unrestricted reserves, including funds on long term deposit. The trustees are satisfied that current reserves are adequate to protect the charitable company’s activities and beneficiaries. B’nai B’rith Hillel Foundation **5** **Trustees’ report** Year ended 30 June 2025 ## _**Going concern**_ The trustees are satisfied that the charitable company has adequate resources to continue in operational existence for the foreseeable future. The financial statements have accordingly been prepared on a going concern basis. ## **Principal Risks and Uncertainties** The Trustees maintain a proactive approach to risk management, regularly reviewing potential challenges and mitigating actions. The key risks identified this year include: - ♦ Financial sustainability: the charitable company remains dependent on voluntary donations and grants. A significant reduction in support from major donors or funders would have a material impact on the charitable company’s ability to deliver its activities. - ♦ Campus environment: the environment for Jewish students on campus continued to present challenges during the year, including incidents of antisemitism and hostility. The charitable company works with partner organisations to mitigate these risks and support affected students. - ♦ Governance and staffing: as with other charities of similar size, the organisation faces risks associated with staff turnover and the retention of key personnel. - ♦ Safeguarding: the charitable company has policies and procedures in place to manage safeguarding risks arising from its work with students, including those in residential settings. The trustees consider that adequate systems and controls are in place to manage these risks to an acceptable level, and that the charitable company has sufficient resources and plans to respond to material adverse events. ## **Plans for Future Periods** The trustees and senior staff are focused on delivering UJS’s ongoing programme of student-facing activity in 2025–2026, including leadership development, campus engagement, advocacy and campaigns work. Key priorities for the coming year include: - Onboarding the new CEO. - Writing, adopting and operationalising a new 3 year strategy. - Onboarding and supporting the incoming elected student leadership team for 2025–2026; - Continuing to develop the charitable company’s fundraising and long-term financial sustainability; - Maintaining and developing partnerships with communal organisations and funders; - Developing the organisation’s strategic direction beyond the current 2022–2025 strategy period. B’nai B’rith Hillel Foundation **6** **Trustees’ report** Year ended 30 June 2025 A fuller impact report for 2025–2026 is planned and will be produced separately. ## **Statement of Trustees’ Responsibilities** The trustees (who are also directors of the charitable company for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to - any material departures disclosed and explained in the financial statements; • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Each of the trustees confirms that: - so far as the trustee is aware, there is no relevant audit information of which the - charitable company’s auditor is unaware; and • the trustee has taken all the steps that he/she ought to have taken as a trustee in order to make himself/herself aware of any relevant audit information and to establish that the charitable company’s auditor is aware of that information. This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006. B’nai B’rith Hillel Foundation **7** **Trustees’ report** Year ended 30 June 2025 ## **Fundraising Statement** Our approach to fundraising aims to be transparent, respectful, and compliant with the Code of Fundraising Practice. The charitable company employs a fundraiser to fundraise on their behalf and is not subject to voluntary regulation of fundraising. The charitable company did not receive any complaints in the year about its fundraising activities. Jacqueline Horn, Treasurer On behalf of the Board of Trustees of B’nai B’rith Hillel Foundation Date 25/6/26 ……… B’nai B’rith Hillel Foundation **8** **Independent auditor’s report** Year ended 30 June 2025 ## **Independent auditor’s report to the members of B’nai B’rith Hillel Foundation** ## **Opinion** We have audited the financial statements of B’nai B’rith Hillel Foundation (the ‘charitable company’) for the year ended 30 June 2025 which comprise the statement of financial activities, the balance sheet, and statement of cash flows, the principal accounting policies and the notes to the financial statements. 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). In our opinion, the financial statements: - ♦ give a true and fair view of the state of the charitable company’s affairs as at 30 June 2025 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 - ♦ 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 charitable company 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. ## **Emphasis of Matter – Prior year adjustment** We draw attention to Note 19 to the financial statements which explains the recognition of a prior year adjustment that significantly impacts upon the opening reserves of the charity at 1 July 2024, reducing them by £517,175 when compared to the amount shown in the charity's previous financial statements. Our opinion is not modified in respect of this matter. ## **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. 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 charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. B’nai B’rith Hillel Foundation **9** **Independent auditor’s report** Year ended 30 June 2025 Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report, including the trustees’ report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. 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. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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. We have nothing to report in this regard. ## **Opinions on other matters prescribed by the Companies Act 2006** In our opinion, based on the work undertaken in the course of the audit: - ♦ the information given in the trustees’ report, which is also the directors’ report for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and - ♦ the trustees’ report, which is also the directors’ report for the purposes of company law, 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 charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report including the strategic report. We have nothing to report in respect of the following matters in relation to which 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; or B’nai B’rith Hillel Foundation **10** **Independent auditor’s report** Year ended 30 June 2025 - ♦ the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report. ## **Responsibilities of trustees** As explained more fully in the trustees’ responsibilities statement set out on page 7, 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 the trustees 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 charitable company’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 charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditor’s 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 non-compliance 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 is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - ♦ The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - ♦ We identified the laws and regulations applicable to the charitable company through discussions with management and trustees and from our knowledge and experience of the sector. We focused on specific laws and regulations which we considered may have a direct material effect on the accounts or the activities of the charitable company. These included but were not limited to 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 United Kingdom and B’nai B’rith Hillel Foundation **11** **Independent auditor’s report** Year ended 30 June 2025 Republic of Ireland (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006, - ♦ We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and those charged with governance and review of minutes of trustees’ meetings. We assessed the susceptibility of the charitable company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - ♦ Making enquiries of management and trustees as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - ♦ Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - ♦ Performed analytical procedures to identify any unusual or unexpected relationships; - ♦ Tested and reviewed journal entries to identify unusual transactions; - ♦ Carried out substantive testing of expenditure including the authorisation thereof; - ♦ Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and - ♦ Investigated the rationale behind significant or unusual transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - ♦ Agreeing financial statement disclosures to underlying supporting documentation; - ♦ Reading the minutes of meetings of the trustee board; and - ♦ Enquiring of as to actual and potential litigation and claims. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. B’nai B’rith Hillel Foundation **12** **Independent auditor’s report** Year ended 30 June 2025 A further description of our responsibilities is available on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. ## **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 charitable company'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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed. Shachi Blakemore (Senior Statutory Auditor) For and on behalf of Buzzacott Audit LLP, Statutory Auditor 130 Wood Street London EC2V 6DL Date: B’nai B’rith Hillel Foundation **13** **Statement of financial activities** (incorporating an income and expenditure account) Year ended 30 June 2025 |Notes|Unrestricted
Fund
£|Restricted
Fund
£|**Total**
**funds**
**2025**
**£**|Total
funds
2024
As restated
(note 19)
£| |---|---|---|---|---| |**Income from:**
Donations and legacies
3
Charitable activities
**Total income**

**Expenditure on:**
Raising funds
4
Charitable activities
5
**Total expenditure**

**Net income / (expenditure) for the**
**year**
7
Transfers between funds
**Net income / (expenditure) before**
**other recognised gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward – as
restated
19
**Total funds carried forward**
17|**1,171,865**
**23,712**|**175,917**
—|**1,347,782**
**23,712**|1,813,803
—| ||**1,195,577**|**175,917**|**1,371,494**|1,813,803| ||
**48,365**
**1,105,808**|—
**193,915**|**48,365**
**1,299,723**|74,291
1,072,443| ||**1,154,173**|**193,915**|**1,348,088**|1,146,734| ||
**41,404**
—|**(17,998)**
—|**23,406**
—|667,069
—| ||**41,404**|**(17,998)**|**23,406**|667,069| ||**41,404**

**1,203,170**|**(17,998)**
**76,520**|**23,406**
**1,279,690**|667,069
612,621| ||**1,244,574**|**58,522**|**1,303,096**|1,279,690| All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. B’nai B’rith Hillel Foundation **14** ## **Balance sheet** Year ended 30 June 2025 |Notes|**2025**
**£**|**2025**
**£**|2024
(As restated)
(note 19)
£|2024
(As restated)
(note 19)
£| |---|---|---|---|---| |**Fixed assets:**
Intangible assets
10
Tangible assets
11
Investments
12
**Current assets:**
Debtors
14
Short Term Deposits
Cash at bank and in hand
**Liabilities:**
Creditors: amounts falling due within
one year
15
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after
one year
**Total net assets**
**The funds of the charitable**
**company:**
Restricted income funds
17
Unrestricted income funds:
.General funds
17
.Designated funds
17
Total unrestricted funds
**Total charitable company funds**|**78,804**
**685,000**
**694,093**|—
**193**
**1**|87,976
—
1,234,732|—
801
1| |||**194**
**1,302,902**||802
1,278,888| ||**1,457,897**
**(154,995)**||1,322,708
(43,820)|| ||**1,194,574**
**50,000**||1,203,170
—|| |||**1,303,096**
—||1,279,690
—| |||**1,303,096**||1,279,690| |||**58,522**
**1,244,574**||76,520
1,203,170| |||||| |||**1,303,096**||1,279,690| The financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. 25/6/26 Approved by the trustees on [......................] and signed on their behalf by ( ) (Treasurer) Company no. 00546659 Charity no. 313503 B’nai B’rith Hillel Foundation **15** ## **Statement of cash flows** Year ended 30 June 2025 |Notes
**Cash flows from operating activities**
A
Net cash provided by operating activities
**Cash flows from investing activities**
Investing in Short Term Deposits
**Net cash used in investing 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 theyear**
B|**2025**
**£**
(685,000)|**£**|2024
(As restated)
£|(As restated)
£| |---|---|---|---|---| |||**144,361**
**(685,000)**
**(540,639)**
**1,234,732**
**694,093**||643,360| |||||643,360
591,372| |||||1,234,732| ## **A Reconciliation of net income to net cash flow from operating activities** ||**2025**
**£**|2024
£| |---|---|---| |**Net income for the reporting period (as per the statement of**
**financial activities)**
Depreciation charges
Decrease/(lncrease) in debtors
lncrease in creditors
**Net cashprovided by operating activities**|**23,406**
**608**
**9,172**
**111,175**|667,069
608
(25,710)
1,393| ||**144,361**|643,360| ## **B Analysis of cash and cash equivalents** |**Analysis of cash and cash equivalents**||||| |---|---|---|---|---| ||At 1 July
2024
£
1,234,732
1,234,732|Cash flows
£
(540,639)
(540,639)|Other
changes
£
—
—|**At 30 June**
**2025**
**£**
**694,093**
**694,093**| |Cash in hand
**Total cash and cash equivalents**||||| No separate statement of changes in net debt has been prepared as there is no difference between the movements in cash and cash equivalents and movement in net cash (debt). B’nai B’rith Hillel Foundation **16** **Principal accounting policies** Year ended 30 June 2025 ## **Accounting policies** ## **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 financial statements 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. ## **Prior year adjustment** During the preparation of the financial statements for the year ended 30 June 2025, the charitable company identified errors in the classification and recognition of certain items in the prior year financial statements. Details of these and the impact including restatement of prior year figures is included in note 19. ## **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. ## **Incoming resources** Income is recognised when the charitable company 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 charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Legacies are accounted for as income upon earlier of receipt or where the receipt of the legacy is probable, measurable and the charitable company is entitled to receipt. The income is deemed probable when: - confirmation has been received from the representatives of the estate(s) that probate has been granted. - the executors have established that there are sufficient assets in the estate to pay the legacy. - all conditions attached to the legacy have been fulfilled or are within the charitable company’s control. B’nai B’rith Hillel Foundation **17** **Principal accounting policies** Year ended 30 June 2025 Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charitable company; this is normally upon notification of the interest paid or payable by the bank. ## **Resources expended** All expenditure is accounted for on an accruals basis and liabilities are recognised as soon as there is a legal and constructive obligation committing the charitable company. 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 charitable 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. All expenditure is inclusive of irrecoverable VAT. ## **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 out in the notes to the financial statements. ## **Intangible fixed assets** 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 ## **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. B’nai B’rith Hillel Foundation **18** **Principal accounting policies** Year ended 30 June 2025 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: 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. ## **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. ## **Contingent asset** A contingent asset is a possible asset arising from past events whose existence will be confirmed only by the occurrence or non-occurrence of one or more uncertain future events not wholly within the control of the charitable company. The charitable company does not recognise contingent assets on the balance sheet. Instead, contingent assets are disclosed in the notes to the financial statements where an inflow of economic benefits is possible. They are reassessed at each reporting date to ensure that developments are appropriately reflected in the financial statements. ## **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. ## **Short term deposits** Short term deposits are highly liquid investments with a short maturity of more than three months but less than one year from the date of acquisition or opening of the deposit or similar account. ## **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. B’nai B’rith Hillel Foundation **19** **Principal accounting policies** Year ended 30 June 2025 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 noncurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## **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. ## **Taxation** The charitable company is exempt from Corporation Tax on its charitable activities. As a charity the company is also 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. ## **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. ## **Leased assets** Rentals under operating leases are charged on a straight-line basis over the lease term. B’nai B’rith Hillel Foundation **20** ## **Notes to the financial statements** Year ended 30 June 2025 - **2 Detailed comparatives for the statement of financial activities (As restated – note 19)** |**19)**|||| |---|---|---|---| |_Notes_|
_Unrestricted_
_funds_
_£_|_Restricted_
_funds_
_£_|_Total_
_funds_
_2024_
_£_| |_Income from:_
_Donations and legacies_
_3_
_Total income_

_Expenditure on:_
_Raising funds_
_4_
_Charitable activities_
_5_
_Other_
_Total expenditure_

_Net income / (expenditure) for the year_
_7_
_Transfers between funds_
_Net income / (expenditure) before other_
_recognised gains and losses_
_Net movement in funds_
_Reconciliation of funds:_
_Total funds brought forward_
_Total funds carried forward(see note 19)_
|_1,713,931_|_99,872_|_1,813,803_| ||_1,713,931_|_99,872_|_1,813,803_| ||
_74,291_

_935,446_
_608_|_—_
_136,389_
_—_|_74,291_
_1,071,835_
_608_| ||_1,010,345_|_136,389_|_1,146,734_| ||
_703,586_
_—_|_(36,517)_
_—_|_667,069_
_—_| ||_703,586_|_(36,517)_|_667,069_| ||_703,586_
_499,584_|_(36,517)_
_113,037_|_667,069_
_616,621_| ||_1,203,170_|_76,520_|_1,279,690_| ## **3 Income from donations and legacies** ||Unrestricted
£
1,171,865
1,171,865|Restricted
£
175,917
175,917|**2025**
**Total**
**£**
**1,347,782**
**1,347,782**|2024
Total
£| |---|---|---|---|---| |Donations and gifts||||1,813,803| |||||1,803,176| ## **4 Expenditure on raising funds** |**Expenditure on raising funds**||| |---|---|---| ||**Unrestricted funds**
**2025**
**Total**
**£**
2024
Total
£
**41,276**
69,995
**7,089**
4,296
**48,365**
74,291|| |**Fundraising and publicity**
Staff costs
Staging fundraising events|**41,276**
**7,089**|69,995
4,296| ||**48,365**|74,291| B’nai B’rith Hillel Foundation **21** ## **Notes to the financial statements** Year ended 30 June 2025 ## **5 Expenditure on charitable activities** |**Expenditure on charitable activities**||| |---|---|---| ||**2025**
**£**|2024
£| |**Direct costs:**
Staff costs
Jewish student centre expenses
Leadership, development and training
Conferences and events
Educational trips and activities
University society funding
ICT and telecommunications
Other expenditure
Share of support and governance costs (see note 6 )|**361,594**
**101,955**
**223,263**
**375,194**
**45,822**
**14,248**
**7,185**
**43,322**|308,666
108,846
194,888
287,406
31,168
7,149
6,193
43,202| ||**1,172,583**
**127,140**|987,518
84,925| ||**1,299,723**|1,072,443| ## **6 Support costs allocated to activities** |**Support costs allocated to activities**||| |---|---|---| ||**2025**
**£**|2024
£| |**Support costs**
Repairs & maintenance
Printing, postage &stationery
Bank charges
Legal and professional costs
Insurance
IT expenses
Telecommunications
Recruitment expenses
Depreciation
General expenses
**Governance costs**
Accountancy and legal fees
**Analysed between:**
Fundraising
Charitable activities|—
**2,358**
**6,065**
**13,804**
**18,639**
**17,402**
**1,547**
**18,285**
**608**
**22,832**|256
7,327
5,019
5,546
16,636
10,963
1,369
—
608
16,501| ||**101,540**|64,225| ||**25,600**|20,700| ||**127,140**|84,925| ||—
**127,140**|—
84,925| ||**127,140**|84,925| ## **7 Net incoming resources for the year** This is stated after charging ||**2025**
**£**|2024
£| |---|---|---| |Depreciation
Operating Lease Rentals
Auditors' remuneration(excludingVAT):|**608**
**16,500**
**18,000**|608
16,500
8,500| B’nai B’rith Hillel Foundation **22** **Notes to the financial statements** Year ended 30 June 2025 ## **8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel** Staff costs were as follows: |**management personnel**
Staff costs were as follows:||| |---|---|---| ||**2025**
**£**|2024
£| |Salaries and wages
Social security costs
Employer's contribution to defined pension schemes|**357,767**
**36,250**
**8,853**|344,797
25,992
7,872| ||**402,870**|378,661| The key management personnel of the charitable company comprise the trustees, the CEO and President. The total employee benefits including pension and national insurance contributions of the key management personnel were £107,631 (2024: £103,903). One trustee was paid or received above benefits from employment with the charitable company in the year (2024 – two). Trustees' reimbursement of travel and subsistence costs incurred in the role of trustee was £Nil (2024: £Nil). The number of employees whose employee benefits (excluding employer national insurance and pension contributions) exceeded £60,000 were as follows: ||**2025**
**No.**|2024
No.| |---|---|---| |£60,000 - £70,000|**1**|1| ||**1**|1| The average number of employees (head count based on number of staff employed) during the year was as follows **:** |during the year was as follows**:**||| |---|---|---| ||**2025**
**No.**|2024
No.| |Fundraising
Charitable activities|**2.0**
**10.0**|2.0
10.0| ||**12.0**|12.0| ## **9 Taxation** The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. B’nai B’rith Hillel Foundation **23** **Notes to the financial statements** Year ended 30 June 2025 ## **10 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 end of the year**
At the start of theyear|**Website**
**Development**
**costs**
**£**| |---|---| ||**15,332**| ||**15,332**| ||15,332| ||15,332| ||—| ||—| ## **11 Tangible fixed assets** |**Cost**
At the start of the year
At the end of the year
**Depreciation**
At the start of the year
Charge for the year
At the end of the year
**Net book value**
**At the end of the year**
At the start of theyear|**Short**
**Leasehold**
**£**
**24,950**
**24,950**
**24,159**
**608**
**24,757**
**193**
**801**| |---|---| ## **12 Fixed asset investments** The charitable company has a 100% shareholding, amounting to £1 issued ordinary share capital, in the Union of Jewish Students Limited, which is a dormant entity (09658270) ||**2025**
**£**|2024
£
1| |---|---|---| |Aggregate capital and reserves|**1**|| In respect of the above, the amount was owed by the Charitable Company at the year end and the prior year end (note 15). B’nai B’rith Hillel Foundation **24** **Notes to the financial statements** Year ended 30 June 2025 ## **13 Contingent Asset** ## **The Yorkshire and Humberside B'nai B'rith Hillel Foundation** In 2017, the charitable company provided £517,175 to 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 Union of Jewish Students, subject to the former 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. As the Yorkshire and Humberside B'nai B'rith Hillel Foundation does not have plans in the foreseeable future to sell the property and, should they do so, the amount due to the Union of Jewish Students is contingent on the net proceeds after consideration of adequate provision for Jewish Students in Leeds, the original amount provided £517,175 has been disclosed as a contingent asset rather than capitalised in the balance sheet. Should the trustees of Yorkshire and Humberside B'nai B'rith Hillel Foundation show intent to sell the property, an asset would be recognised for the amount expected to be recoverable by Union of Jewish students, up to the maximum of the initial loan for £517,175. 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. ## **14 Debtors** |**Debtors**||| |---|---|---| ||**2025**
**£**|2024
£| |Other debtors
Prepayments and accrued income|—
78,804|892
87,084| ||**78,804**|87,976| ## **15 Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| ||**2025**
**£**|2024
£| |Trade creditors
Taxation and social security
Amounts owed to subsidiary undertaking (note 12)
Other creditors
Accruals and deferred income|**40,822**
**12,751**
**1**
—
**101,421**|10,216
10,302
1
7,801
15,500| ||**154,995**|43,820| B’nai B’rith Hillel Foundation **25** **Notes to the financial statements** Year ended 30 June 2025 ## **16 Analysis of net assets between funds** |**Analysis of net assets between funds**|||| |---|---|---|---| ||Unrestricted
2025
£|Restricted
2025
£|**Total funds**
**2025**
**£**| |Fixed assets
Investments
Current assets
Current liabilities
**Net assets at the end of theyear**|193
1
1,356,172
(111,792)|—
—
101,725
(43,203)|**193**
**1**
**1,457,897**
**(154,995)**| ||1,244,574|58,522|**1,303,096**| ||_Unrestricted_
_(As restated)_
_2024_
_£_|_Restricted_
_(As restated)_
_2024_
_£_|_Total funds_
_(As restated)_
_(note 19)_
_2024_
_£_| |---|---|---|---| |_Fixed assets_
_Investments_
_Current assets_
_Current liabilities_
_Net assets at the end of theyear_|_801_
_1_
_1,246,188_
_(43,820)_|_—_
_—_
_76,520_
_—_|_801_
_1_
_1,322,708_
_(43,820)_| ||_1,203,170_|_76,520_|_1,279,690_| ## **17 Movements in funds** ||1 July 2024
(as restated)
£|Incoming
resources &
gains
£|Outgoing
resources &
gains
£|Transfers
£|**30 June**
**2025**
**£**| |---|---|---|---|---|---| |**Restricted funds:**
Israel Fellowship
Singer (Real Deal)
GLJubilee
Reading
King’s college
Hostage Badge
UJIA
CST
Freshers
**I**CPG
**Total restricted funds**
**Unrestricted funds:**
General funds
Designated funds
**Total unrestricted funds**
**Total funds**|**8,217**
**38,381**
**5,000**
**5,064**
**250**
**4,079**
**10,222**
**—**
**70**
**5,237**|32,261
—
—
—
—
3,249
29,296
13,759
—
97,352|(40,478)
(38,381)
(5,000)
—
—
—
(4,967)
(13,759)
(70)
(91,260)|—
—
—
—
—
—
—
—
—
—|—
—
—
**5,064**
**250**
**7,328**
**34,551**
—
—
**11,329**| ||**76,520**|175,917|(193,915)|—|**58,522**| ||**1,203,170**
—|1,195,577
—|(1,154,173)
—|(50,000)
50,000|**1,194,574**
**50,000**| ||**1,203,170**|1,195,577|(1,154,173)|—|**1,244,574**| ||**1,279,690**|1,371,494|(1,348,088)|_—_|**1,303,096**| B’nai B’rith Hillel Foundation **26** **Notes to the financial statements** Year ended 30 June 2025 ||_At 1 July_
_2023_
_£_|_Incoming_
_resources_
_£_|_Outgoing_
_resources_
_£_|_Transfers_
_£_|_At 30 June_
_2024_
_(as restated)_
_£_| |---|---|---|---|---|---| |_Restricted funds:_
_28 campus project (Israel_
_Fellows)_
_Singer (Real Deal)_
_GLJubilee_
_Reading_
_Kings college_
_Leeds_
_Hostage Badge_
_MGB UJS Sports project_
_Bristol_
_UJIA_
_Ball's (Birmingham/_
_Nottingham/ Manchester)_
_CST_
_Jewish Agency_
_Freshers_
_ICPG_
_Total restricted funds_
_Unrestricted funds:_
_General funds_
_Total unrestricted funds_
_Total funds_|_8,301_
_73,653_
_20,000_
_5,064_
_250_
_5,769_
_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_|_—_
_—_
_—_
_—_
_—_
_—_
_4,079_
_5,415_
_1,000_
_10,222_
_4,501_
_18,792_
_290_
_70_
_55,503_|_(84)_
_(35,272)_
_(15,000)_
_—_
_—_
_(5,769)_
_—_
_(5,415)_
_(1,000)_
_—_
_(4,501)_
_(18,792)_
_(290)_
_—_
_(50,266)_|_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_
_—_|_8,217_
_38,381_
_5,000_
_5,064_
_250_
_—_
_4,079_
_—_
_—_
_10,222_
_—_
_—_
_70_
_5,237_| ||_113,037_|_99,872_|_(136,389)_|_—_|_76,520_| ||_499,584_|_1,713,931_|_(1,010,345)_|_—_|_1,203,170_| ||_499,584_|_1,713,931_|_(1,010,345)_|_—_|_1,203,170_| ||_612,621_|_1,813,803_|_(1,146,734)_|_—_|_1,279,690_| ## **Designated funds** In the year, the trustees of the charitable company designated £50,000 towards property costs in Bristol. The work is expected to be carried out in the 2026-2027 financial year. ## **Restricted funds** The charity has various restricted funds for specific projects for example the largest funds relate to: 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. B’nai B’rith Hillel Foundation **27** **Notes to the financial statements** Year ended 30 June 2025 Kings College - These funds are restricted for funding activity by Kings College J-Soc or activity that supports Kings College J-Soc. ## **18 Related party transactions** Three trustees of B'nai B'rith Hillel Foundation are also trustees of The Yorkshire and Humberside B'nai B'rith Hillel Foundation. During the year, the Foundation incurred expenses totalling £nil (2024: £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 (2024: £517,175), representing the refurbishment costs incurred in prior years, is recorded as a contingent asset at year end (see note 13). During the year trustees, honorary committee members, their related parties, and their close family members made donations totalling £80,642 (2024: £22,664) to the charity. This figure includes significant donations of £25,000 and £50,000 from two of these individuals. ## **19 Prior Year Restatement** During the preparation of the financial statements for the year ended 30 June 2025, the charitable company identified errors in the classification and recognition of certain items in the prior year financial statements. The errors relate to: - Fund classification – Income totalling £55,503 and expenditure totalling £50,266 in 2024 had previously been included within unrestricted funds, was identified as relating to a restricted funds based on the underlying donor conditions. - Contribution towards a property in Leeds of £517,175 that was previously recognised as a long-term investment was reassessed and determined to meet the criteria of a contingent asset under FRS 102 (now disclosed in note 15). As such, it should not have been recognised in the balance sheet. The prior period comparatives have been restated to reflect the following changes to the financial statements: ||Unrestricted
Funds
£|Restricted
Funds
£|**Total**
**funds**
**£**| |---|---|---|---| |Previously brought forward at 1 July 2024
Fund Reclassification
Contingent asset (note 14)
**Funds as restated at 1 July 2024**|1,725,582
(5,237)
(517,175)|71,283
5,237
—|**1,796,865**
**—**
**(517,175)**| ||1,203,170|76,520|**1,279,690**| Comparative figures have been restated accordingly. B’nai B’rith Hillel Foundation **28** **Notes to the financial statements** Year ended 30 June 2025 ## **20 Legal status of the charitable company** 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. ## **21 Operating Lease Commitments** At 30 June 2025, the total of the charitable company’s future minimum lease payments under non-cancellable operating leases, in respect of property, was as follows: ||**2025**
**£’000**|2024
£’000| |---|---|---| |Amounts due within one year|**16,500**|16,500| ||**16,500**|16,500| B’nai B’rith Hillel Foundation **29**