2023-09-30-accounts - The British Friends Of The Bar-Ilan University

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CONTENTS		PAGE
Members ofthe board and professional	advisers
Trustees annual report		4-7
Independent examiner's report
Statement offinancial activities
Balance sheet		10
Statement ofcash flows
Notes to the financial statements		12-16

				Unrestricted	Total
				Funds	Funds
				2023	2022
		Note
INCOMING RESOURCES
Incoming resources from generating		funds:
Voluntary income				747,752	496,589
Funding received from Bar lian
University					210,788
TOTAL INCOMING RESOURCES				747,752	707,377
RESOURCES EXPENDED
Costs ofgenerating funds:
Costs ofgenerating voluntary	income		4	(7+99)	(1,285)
Charitable activities			5/6	(639481)	(698,400)
Support and governance costs			7	(154,151)	(172,789)
TOTAL RESOURCES EXPENDED				(800,831)	(872,474)
NET INCOMING/(OUTGOING)
RESOURCES FOR THE YEAR				(53,079)	(165,097)
RECONCILIATION OFFUNDS
Total funds brought forward				240,642	405,739
TOTAL FUNDS CARRIED	FORWARD			187,563	240,642

		30SEPTEMBE	R 2023
				2023	2022
			Note
CASH FLOWS FROM	OPERATING ACTIVITES
Net Cash used in operating activities			13	(118,597)	(81,906)
CASH FLOWS FROM	INVESTING ACTIVITIES
Purchase offixed assets
CHANGE IN CASH &	CASH	EQUIVALENTS IN	THE
YEAR				(118,597)	(81,906)
Cash 4, cash equivalents	brought	forward		311,691	393,597
CASH &CASH EQUIVALENTS CARRIED
FORWARD				193,094	311,691

3.	FUNDIN	G FROM BAR	ILAN UNIVERSITY
					Unrestricted
					Funds	Total Funds
					2023	2022
	Funding	from Bar lian University				210,788
4.	COSTS OF GENERATING VOLUNTARY INCOME
			Unrestricted		Total Funds	Total Funds
				Funds	2023	2022
				f.
	Mailshots	and fundraising	events	7499	7499	1,285
5.	COSTS OF CHARITABLE ACTIVITIES BYFUND			TYPE

			Unrestricted	Total Funds	Total Funds
			Funds	2023	2022
Distributions		to Bar lian University	600460	600460	617,800
Payments	by	donors directly to Bar lian University	38,921	38,921	80,600
			639/81	639/81	698,400

			Unrestricted	Total Funds	Total Funds
			Funds	2023	2022
Distributions		to Bar lian University	600460	600460	617,800
Payments	by	donors directly to Bar lian University	38,921	38,921	80,600
			639+81	639/81	698,400

7.	SUPORT AND GOV	ERNAN	CE COSTS
				Unrestricted	Total
				Funds	Funds
				2023	2022
	~So ort costs
	Staffcosts			121/33	141,197
	Premises costs			630	7,868
	Foreign currency (gain)/loss
	Office administrative	expenses		24,684	16,888
	Sundry support costs			570	745
				147,117	166,698
	Governance costs
	Payroll bureau			2,534	1,591
	Accountancy fees			2,700	2,700
	Independent examiner's fees			1,800	1,800
				7,034	6,091
	Total support and governance		costs	154,151	172,789
8.	STAFFCOSTS AND	EMOLUMENTS
	Total staff costs were	as follows:
				2023	2022
	Wages and salaries			112/88	103,254
	Social security costs			6,964	7,315
	Staffpension costs			1,981	628
	Settlement agreement	payment			30,000
				121/33	141,197

The	number ofemployees whose remuneration	number ofemployees whose remuneration	for the year fell within the following	for the year fell within the following	bands, were:	bands, were:
				2022		2021
					No.	No.
	f80,000to f89,999				1	1
					1	1
9.	TANGIBLE FIXEDASSETS
						Equipment
	COST
	At 1 October 2022					31,122
	Additions
	At 30September 2023					31,122
	DEPRECIATION
	At 1 October 2022					29,816
	Charge for the year					327
	At 30September 2022					30,143
	NET BOOK VALUE
	At 30September 2022					979
	At 30 September 2021					1,306
10.	CREDITORS: Amounts	falling due within one year
				2023		2022
	Other Taxation and Social	Security				3,938
	Other Creditors and Accruals			6,510		68,571
				6,510		72,509
11.	UNRESTRICTED INCOME FUNDS
			Balance at	Outgoing		Balance at
			1Oct 2022	resources		30Sep 2023
	General Funds		240,642	(53,079)		187,563