THE BRITISH FRIENDS OF BAR ILAN
UNIVERSITY
FINANCIAL STATEMENTS
30 SEPTEMBER 2024
Charity Number 314139
JPL
Chartered Accountants
110 Chandos Avenue
Whetstone
London
N20 9DZ

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
CONTENTS
PAGE
Members of the board and professional advisers
Trustees annual report
Independent examiner's report
Statement of financial activities
Balan￿ sheet
10
Statement of cash flows
11
Notes to the financial statements
12-16

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
REFERENCE AND ADMINISTRATION DETAILS
YEAR ENDED 30 SEPTEMBER 2024
Cbair
Mr Romie Tager KC PhD (Hon.)
Executive Direetor
Max Dunbar
Trustees
Mr Romie Tager KC PhD (Hon.)
Mr Dal'id Gradel PhD (Hon.)
Mr Andrew Singer KC (appointed on 21* May 2024)
Associate
The Rt. Hon. Sir Bernard Rix (Hon. Vice President)
Address
110 Chandos Avenue
Whetstone
London
N209DZ
Charity RegistratlOD Number
314139
Independent ExamiDer
Jon Lishak FCA
JPL Accountancy Services Ltd
110 Chandos Avenue
Whetstone
London
N20 9DZ
Principal Bankers
Barclays Bank
Churchill Place
London
E14iHP

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
TRUSTEES REPORT
YEAR ENDED 30 SEPTEMBER 2024
Trustee's Report
The trustees haN'e pleasure in presenting their reFK)rt and the financial statements of the charity for the
year ended 30 September ?024.
The financial statements have been prepared in accordance with the accounting policies set out in the
notes to the financial statements and comply ￿'1th the charity s governing document. the Charities Act
201 l and "Accounting and Reporting b). 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)".
Structure, Governance and Management
Nature ofgoiperning dc)c'umenl
The full name of the Charity. is The British Friends of Bar-llan University. The Charity is governed by
the Board of Trustees and managed by the Charity's Executive Director. Supported by the University's
Global Development team, the Executive Director is responsible for the day-to-day management of the
Charity.
Recruitmenl and appoinlmenl of tr￿SteeS
Trustees are appointed by invitation from the existing Trustees and by majority vote of the Trustees of
the Charity.
Arrangemenlsfor sefting key managementpersonnel remuneration
The Irustees and Exe¢utii'e Director comprise the ke), management personnel of the charity who oversee
directingi and controlling, running and operating the Charitv on a daJ'_to-day basis. The pay of the
Executive Director is reviewed annuallv by the Trustees.
Organisalional slruc¢ure
Trustees meet quarterly at which time the Executive Director. who is appointed by them and is
responsible for the day to day running of the Charity, reports on all matters of policy and strategy.
Trustees are informed of strategies to raise funds for. and increase the profile of, Bar-l lan University.
These meetings also include the presentation of management accounts and cash flow. Any changes in
strategy are discussed, ainended and when agreed, adopted as written policy by trustees and
implemented by the EXecuti￿e Director.
The British Friends of Bar-Ilan University was established in 1957 by supporters of the University's
ethos. namely to assist the development of teaching and Tesearch in all areas of study with full academic
freedom whilst incorporating an awareness and knowledge of Jewish identity and cultural heritage.
The British Friends have Worked in conjunction with the Anglo-Jewish community, as well as other
organisations with similar educational aims. to promote the University. Under a Deed of Amendment
dated 14th October 2004, the Trustees replaced the original Trust Deed to conforni with modern day
practices. In addition, to reflect and identify their activities, the name of the charity was changed to The
British Friends at that time.

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
TRUSTEES REPORT
YEAR ENDED 30 SEPTEMBER 2024
Remuneralion
A salary is paid to the professional staff of the Charity. Professional fees are paid to outside professionals
such as the accountants. None of the trustees receives any pa￿lent or reimbursement of expenses and
they all serve in a voluntary capacity.
Risk Management
The trustees have examined the major risks which the charity faces and confirnis that systems have been
established to mitigate these risks.
The major operational risk is the extent lo which the University applies the funds raised in accordance
with the underl)iing fundraising campaign. The trustees manage this risk by ensuring, through regular
dialogue and meeting ￿'Ith the University personnel, that the funds are correctly applied.
Objeclives and Aelivilie5
The British Friends of Bar-Ilan University is one of a number of organisations around the world, which
exisl to publicise the aims of this major Israeli institution: to promote its research in all faculties: to
establish and maintain scholarships for the education of students at Bar-llan University and for that
purpose to build up scholarship funds; to proN'ide funds for and towards the erection, equipment and
maintenance of lecture rooms, libraries, laboratories and other buildings and facilities as may from time
to tÉme b¢ necessary for the purposes of the University, its staff and students, or any of them. to pay all
or part of any costs or expenses incUr￿d or to be incurred by the University in operating and maintaining
the UniN'ersitN in a proper and cffictent manner and in repairing, renewing, creating and improving
buildings. equipment and conN'eniences in the grounds thereof: the promotion and advancement of
religious and secular education and instruction by and at the University.
Public benefil
The tTUSt¢es haNe complied with section 17(5) of the 2011 Charities ACL having due regard for the
Charity. Commission's guidance on public benefit Vwhen ￿VIeWing the trust's aims and objectives, when
setting the grant making polic) and in making grants.
Achievements and Performance
In 2023124 the Charitv has continued to raise its profile, attracting new community partners, supporters
and university alumni.
In the immediate afterniath of Th October: emergency campaigns were launched to raise funds for
university medical equipment and scholarships for serving students. Webinars were held with university
representatives, updating supwrters about the war's impact on the university. Working in partnership
with JW3, a series of online war briefings were also given by Bar-llan faculty.
Alongside emergencv causes. other campaigns raised 5UPPOrt for legal aid clinics. advancing women's
rights in Israel and the establishment of a ne￿. Jonathan Sacks Institute.
To connect UK audiences closer to Bar-Ilan s work. new marketing materials were produced helping
promote the latest scientific neivs. community initialives and university campaigns. BaT-Ilan stories
wer¢ regularly posted on our website and social media platfornis, and monthly e-bulletins were sent to
all our supporters.
Our work with UK Jewish schools continued. 'Bar-Ilan Awards, were presented to high achieving
Jewish students across the UK. StalTand trustees allended award ceremonics, meeting students, parents
and teachers. Similarll, Law students at Bar-llan were presented in June with the UK sponsored Tager
Award for Outstanding Articles in j¢￿'15h Law.

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
TRUSTEES REPORT
YEAR ENDED 30 SEPTEMBER 2024
During Bar-llan's Board of Trustees week, stsff, trustees and donors joined the university's global
network of supporters to meet with researchers, faculty and students. including those working on a new
mental health clinic to support those sufyering from trauma and loss. Funders for this clinic are now
being sought in the UK.
In September, the Charity organised an event in Parliament with Prof. Ruth Halperin-Kaddari briefing
MPS and p¢ers on her work to seek juslice and recognition for the victims of Hamas sexual violence.
Further UK events with Prof. Halperin-Kaddari are being planned next year.
The Charity also w'elcomed the neil's that UK Chief Rabbi Ephraim Mirvis had been appointed to the
university s Council of Founders. Composed of fourteen members, half living in Israel and half
overseas. the Council's role is to provide spiritual direction to the university. The Chief Rabbi met with
the Charitv, s staff and trustees to learn more about its work in the UK and explore opportunities to help
raise awareness.
The Charitv's staff and trustees plan to build on the achievements of this year by recruiting new trustees
and launching further campaigns to support social justice. medical research and advancing technology
and innovation.
Financial Review
Incoming resources of the charity. for the year tolalled £986.750 (2023: £708,831). Total resources
expended for the vear totalled £1,016,142 (2023: £761,910), including donations transferred to the
University of £899,260 (2023: £600,360).
Annual budgets are approved and monitored by trustees with variances highlighted and discussed at
Board meetings.
In the opinion of the Trustees, the Charity's assets are sufficient to fulfil the obligations of the Charity.
Reserves Policy Statement
The Charity's policy is that unrestricted funds which have not been designated for specific use should
be maintained al a le￿.c1 equivalent to six months, expenditure. The Trustees consider reserves at this
level will ensure that, in the ei'ent of a significant drop in funding, they will be able to continue the
Charit) s current activities whilst consideration is given to raising additional funds.
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The charttj s trustees are responsible for preparing ihe Trustees Annual Report and the financial
statements in accordance with applicabl¢ law and United Kingdom Accounting Standards (United
Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements
for each financial year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources of the charity for that period. In preparing these
financial statements, the trustees are reqUI￿d to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP.
make judgements and estimates that ar¢ reasonable and prudent"
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements;

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
TRUSTEES REPORT
YEAR ENDED 30 SEPTEMBER 2024
prepare the financial statements on the going concern basis unless it is inappropriate to
presume
that the charity. will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at anN' time the financial position of the charit), and enable them to ensure that the financial
statements comply with the Charities Aci 2011, the applicable Charities (Accounts and Reports)
Regulations and the provisions of the Trust Deed. The trustees are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
The trustees are responsible for the maintenance and integritN' of the charitv and financial inforniation
included on the charity's website. Legislation in the United KRngdom governing the preparation and
dissemination of financial statements may differ from legislation in other jurisdictions.
Signed on behalf of the trustees.
Romie Tager KC
Chairman
Date: 26" February 20?5

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE
BRITISH FRIENDS OF BAR ILAN UNIVERSITY
YEAR ENDED 30 SEPTEMBER 2024
I report to the trustees on m>, examination of the accounts of The British Friends of Bar Ilan University
for the year ended 30 September 2024.
ResponsibilAties and basis of report
As the trustees of the charitN' )'ou ar¢ resw)nsible for the preparation of accounts in accordance with the
requirements of the Charities Act 2011 ('the Act ).
I report in respect of my examination of the charity's accounts carried out under section 145 of the Act.
In carying oul m). examination I have followed all applicable Directions given by the Charity
Commission under section 145{5Kb) of the 2011 Act.
Independent examiner's slatement
Since the charitN s gross income exceeded £250,000 your examiner must be a member of a body listed
in section 145 of the ?0 I l Act. I confirni that l am qualifRed to undertake the examination because l am
a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed
bodies.
I have completed my examination. I confirni that no matters have come to my attention in connection
with the examination giving me cause to believe:
l ) Accounting records were not kept in respect of the charity as required by section 130 of the
2011 Act: or
2) The accounts do not accord with those records: or
3) The accounts do not comply with the accounting requirements concerning the forni and content
of accounts set out in the Charities {Accounts and Reports) Regulations 2008 other than any
requir¢ment that the accounts give a "true and fair view, which is a matter not considered as
part of an independent examination.
I have no concerns and come across no matters in connection with the examination to which attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Jon Lishak FCA
JPL Accountancy Services Ltd
I l O Chandos Avenue
Whetstone
London
N20 9DZ
Date: 26, February 2025

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 30 SEPTEMBER 2024
Unrestricted
Funds
2024
Total
Funds
2023
Note
INCOMING RESOURCES
Incoming resources from generating funds:
Voluntary income
986,750
708,831
TOTAL INCOMING RESOURCES
986,750
708,831
RESOURCES EXPENDED
Costs ot"generating funds..
Costs of generating voluntary income
Charitable activities
Support and governance costs
TOTAL RESOURCES EXPENDED
(5,759)
(899260)
{111,123)
(7,399)
(600,360)
(154,151)
(761,910)
415
(1,016,142)
NET INCOMING/(OiiTGOING)
RESOURCES FOR THE YEAR
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
(29J92)
(53,079)
187J63
240,642
158.171
187,563
The Statement of Financial Activilies includes all gains and losses in the year and therefore
a statement of total recognised gains and losses has not been prepared.
All of the above amounts relate to continuing activities.
The notes on pages 12 to 16 fonn part of these financial statements.

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
BALANCE SHEET
30 SEPTEMBER 2024
2024
2023
Note
FIXED ASSETS
Tangible assets
734
979
CURRENT ASSETS
Debtors
Cash at bank
162,057
193,094
162,057
193,094
CREDITORS: Amounts falling due within one
year
{4,620)
(6,510)
NET CURRENT ASSETS
157,437
186,584
TOTAL ASSETS LESS CURRENT LIABILITIES
158,171
187,563
NET ASSETS
158,171
187,563
FUNDS
Unrestricted income funds
10
158,171
187,563
TOTAL FUNDS
158,171
187,563
These financial statements were approved by the trustees on 26 February 2025
Romie Tager KC
Chairnian
The notes on pages 12 to 16 forni part of these financial statements.
10

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
STATEMENT OF CASH FLOWS
30 SEPTEMBER 2024
2024
2023
Note
CASH FLOWS FROM OPERATING ACTIVITES
Net Cash used in operating actii'ities
12
(3J,037)
(118,597)
CASH FLOWS FROM tNVESTING ACTIVITIES
Purchase of fixed assets
CHANGE IN CASH & CASH EQUIVALENTS IN THE
YEAR
(31,037)
(118.597)
Cash & cash equivalents brought forward
193,094
311,691
CASH & CASH EQUWALENTS CARIUED
FORWARD
162,057
193,094
li-

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
ACCOUNTING POLICIES
Basis of accounting
Th¢ financial statements have been prepared under the historical Cost convention with items
recognised at Cost or transaction value unless otherwise slatcd in the notes to the accounts.
The financial statements have been prepared in accordance with the charity's trust deed, the
Charities Aci 2011 and "Accounting and Reporting by Charlties". Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicable to the UK and Republic of Ireland (FRSI 02)" The charity constitutes a Public
Benefit EntitN as defined by FRS 102.
Going concern
At the time of approving the accounts, the trustees have a reasonable expectation that the charity
has adequate resources to continu¢ in operational existence for the foreseeable future. The trnstees
therefore continue to adopt the going concern basis of accounting in preparing the accounts.
Funds Structure
Restricted funds are funds which are to be used in accordance with specific restrictions imposed
. b). the donor. Unrestricted funds are funds which are used in accordance with the charitable objects
at the discretion of the trustees.
Income recognition
Donation income is recognised in the period in which the charity is entitled to receipt and the
amount can be measured with ￿asOnable certainty.
Expenditure recognitlOD
Liabilities are recognised as resources expended as soon as there is a legal or constructive
obligation committing the charity to the expenditure. All expenditure is accounted for on an
accruals basis and has been classified under headings that ag￿gate all costs related to the
category.
Grants paid consist of amounts paid to Bar Ilan University in line with the objects of the charity.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off ihe cost of an asset, less its estimated residual value,
over the useful economic life of that asset as follows-
Equipment
250/0 on reducing balance
12

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
VOLUNTARY INCOME
Unrestricted
Funds
2024
Totsl
Funds
2023
Donations
Donations received
986,750
708,831
986,750
708,831
COSTS OF GENERATING VOLuwfARY INCOME
Unrestricted Total Funds Total Funds
Funds
2024
2023
Mailshots and fundraising events
5,759
5,759
7,399
COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
Unrestricted Total Funds Total Funds
Funds
2024
2023
Distributions to Bar Ilan University
899260
899360
600,360
899260
899260
600,360
COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE
Ujjrestricted Total Funds Total Funds
Funds
2024
2023
Distributions to Bar Ilan University
899360
899360
600,360
899260
899260
600,360
13

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
SUPPORT AND GOVERNAIYCE COSTS
UDrestricted
Funds
2024
Total
Funds
2023
ort costs
Staff costs
Premtses costs
Office administrative expenses
Sundry support costs
86,957
121,233
630
24,684
570
18,103
427
105,487
147,117
Governance costs
Payroll bureau
Accountancy fees
Independent examiner's fees
1,016
2,770
IW50
2,534
2,700
1,800
5,636
7,034
Total support and governance costs
111,123
154,151
STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
2024
2023
Wages and salaries
Social security costs
Staff pension costs
80,000
4,976
1,981
112,288
6,964
1,981
86.957
121,233
Particulars of emplo)'ees:
The average number of employees during the >ear, calculated on the basis of full-time equivalents,
was as follows:
2024
No.
2023
No.
Number of administrative staff
Number of management staff
14

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
The number of employees whose remuneration for the year fell within the following bands, were:
2024
2023
No.
£80.000 to £89,999
TANGIBLE FIXED ASSETS
Equipment
COST
At l October 2023
Additions
31,122
At 30 September 2024
31,122
DEPRECIATION
At l October 2093
Charge for the year
At 30 September 2024
30,143
245
30J88
NET BOOK VALUE
' At 30 September 2024
At 30 September 2023
734
979
CREDITORS: Amounts falling due within one year
2024
2023
Other Taxation and Social Security
Other Creditors and Accruals
4,620
6,510
4,620
6,510
10. UNRESTRICTED INCOME FUNDS
Balance at
l Oct 2023
Outgoing
resources
Balance at
30 Sep 2024
General Funds
187J63
(29J92}
158,171
15

THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
11. RETIREMENT BENEFIT SCHEME
Defined contribution schemes
The charity operates a defined contribution pension scheme for all qualifying employees.
The assets of the scheme are held separately from those of the charity in an independently
administered fund.
The charge to income and expenditure in respect of defined pension schemes was £1,981
(2023- £1.981).
12. CASH GENERATED FROM OPERATIONS
2024
2023
(Deficit) for the year
(29J92)
(53,079)
Add back depreciation charge
327
Movements in workin
l Decrease in debtors
(Decrease)lincrease in creditors
ca
ital
154
(65,999)
(1,890)
Cash (absorbed by)/generated from operations
31,037
118,597
16