THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY FINANCIAL STATEMENTS 30 SEPTEMBER 2025 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 2025 CONTENTS PAGE Members of the board and professional advisers Trustees annual report 4-7 Independent examinef's report Statement of financial activities Balance 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 2025 Chair Mr Rom1¢ Tag¢r KC PhD (Hon.) Executive Direftor Ben Salamon Trustees Mr Romie Tager KC PhD (Hon.) Mr David Gradel PhD {Hon.) Mr Andr¢w Singer KC Dr Toby Greene Dame Louise Ellman Associate The R(. Hon. Sir Bernard Rix (Hon. Vice President} Addre55 I l O Chandos Avenue Wh¢tstonc London N20 9DZ Charity Registration Number 314139 Independent Eiaminer Jon Li5hak.FCA JPL Accountancy Services Ltd 110 Chandos Avenue Whetsione London N20 9DZ PTitscipal Bankers Barclays Bank I Churchill Place London E145HP
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY TRUSTEES REPORT YEAR ENDED 30 SEPTEMBER 2025 Trusttegs Report The trustees have pleasure in presenting their report and the financial statements of the charity for the year ended 30 September 2025. The financial siatements have been prepared in accordance with the accounting policies sei ou( in the noies to ihe fin8n¢ial 51atem¢nts and cotnply with the churity'5 govemingj doLUTn¢nt, the Chariiies A¢1 2011 and "A¢countin¥ and Reporting bv Charities-. Statement of Recommendcd Practicc applicable to ¢harities preparing their accounts in accordance with the F inancial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102)" Sirncture, Governanee and Management Nalure ofgoverning documeftl The full name of the C hariry is "rhe British Fricnds of Bar-llan University. The Charity is governed by Ihe Board of Tnjsices and managcd by the Charity's Executive Director. Supponed by the Universitv's Global Development team, the Executive Director is responsible for the day-to-day manag¢m¢n( of the Chariry. Recrmilment and appointment oflrnstees Trustees are appoinied by invitation from ihe existingF Trusi¢es and by majority vote of the Trustees of the Charity. Managemenl and orrnngemenlsfor sellinR remuneralion The trustees and F.xecutive Director comprise ihe management of the charity who oversee dire¢tin running and operaiing ihe c.harity on a day-l04ay basis. The pay of ih¢ Executive Director is reviewed annlY by ihe Trustees. Organisalionttl struclure Trusi¢¢s me¢¢ quarterly at which time the Executive Director, who is app()inted by them, reports on all marrers of policy" and strategy. Trustees are infomied of strategies to raise ndS for, and incre&se the profil¢ of, Bar-llan University. These meetings also include the presenthtion of managcmeni accounis and cash flow. Any changes in strategy are discussed. amended and when agreed, &dopt¢d as wriiien policy by the trustees and impletnented by the Executive Director. The British" Friends of Bar-llan University was established in 1957 by 5UPPOrters of the University 10 assist the development of teaching and resear¢h in all areas of study with full academic freedom whilst incorporating an awareness and knowledge of Jewish identity and cultural heriiage. The Britlsh Friends have worked in conjunction with the Anglo-Jewish Community, as well as other organi5aiions wilh similar educational aims. to promote the University. Under a De¢d of Amerkdment dated 14¢h O¢lober 2004, thc Trustccs replaced the original Trust Deed to conform with modern day practices. In addition. to reflect and identify their activities. the name of the chariry was changed to The British Friends of Bar-llan University at that lime. Remuneralion A s81ary is paid ¢0 the professional staff of (he charity. Professional f¢es are paid to outside professiona15 such as the accountants. None of the trustees receives any pa>'ment or r¢iTnbuis¢m¢ni of expenses and they all serve in a voluntary capacity.
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY TRUSTEES REPORT YEAR ENDED 30 SEPTEMBER 2025 Risk ManaKemenl The trustees have examined (he major risks which the charity faces and confirms that Systems have been established io mitigate ihek risks. The major operational risk is the extent to which the University applies the funds raised in a¢cordance with ihe und¢rlyÈn¥ fundraising campaign. "rhe trus¢¢es m2nagTe this risk by ensurinL, Ihrougyh regular dialogue and Meing with the Universiry pcrsonnel, that the funds are COTrectly applied. ObjeLtives andAclivitie5 The British Friends of Bar-llan University is one of a number of organLSa¢ions around rhe world, which exist to promote the aims of this major Israeli institution- to support its research in all faculii¢s- to estsblish and mainiain scholarships for th¢ ¢ducation of studenis at Bar-llan University and for that purpose to build up SLholarship fund5; to provide funds for and towards the erection. equipmenl and maintenance of le¢lure rooms, libraries. laboraiories and other buildings and facilities as may from time io time be necessary for the purposes of rhe University and its Staft'and snjdents. any cosis or expenses incurr¢d or to be incurred by ihe Universiry in opcrating and Jnaintaining th¢ Univ¢rsily in 8 proper and ¢ffici¢nt manner and the promoiion and advancement of religious and secular education and instructio by and at the UnÉversity. Publie benejll The trusiees have complied with section 17{5) ol'th¢ 201 I Charities Act, having due regard for ihe Charity Commission's guidance on public benefit when reviewing the tmst's aims and objectives, when setting the grant making policy and in making grants. AehievemeDts and Perfonnance During the year under review. the charity coniinu¢d to raisc its profile in th¢ Uniied Kingdom, attracting new community partners. supporters. and alurnni. A programme of events was delivered. including a sold-out scre¢nitLg of Screams Before Silence ai JW3 in February 2025. held in pannership with Jewish Women's Aid. The event feaiured coniribuiion5 from ProfessoT Ruth HaIrIn-KdddarI and journalist Deborah Joseph. In Oclob¢r 2025, Professor Halperin-Kaddari also participated in a breakfast briefing in London. providing updates on the Rackman Center 5 Dinah Projc¢t and ils ini¢rnarion81 impact. The charity advanced academic collaboration between Elar-llan Universiiy and UK illsiilulions. An online consultation was held wilh over 300 faculty members invited and 19 attending to share ideas and opportunitie5 for collaboration. The charity supported and promotcd webirkars featuring Bar-llan faculty and leadership, including strategic briefing5 on Irarl, campus updates, and future-focused analysis. Bar-llan's Academic Arniour initiative was highlighted, providing academic. financial, and emotional support to student reservists and evacuees. The initiative wa5 recognised nationally with (he Israeli Minisier of Defence Award of Recognition. In response to the whr in Israel, the charity suprM)rted urgeni appeals for students serving in the IDF. An emergency fund cstablished after Oc(ober 7 raised over S5 million to cover tuiiion fees, renL and living ¢osts for 1,542 students in service. including 952 activc duty. as w¢ll as their spotJs¢s and evacu¢¢s. The Pesa¢h Appcal 2025 continued this support. fo¢LLging on alleviating financial burdens for serving students.
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY TRUSTEES REPORT YEAR ENDED 30 SEPTEMBER 2025 Staffing change5 occurred during the year. Max Dunbar, Executivc Dircctor for thr¢¢ ycars, stepped down in August 2025. Sharon Blackstone was appointed Interim Execuiive Director in September 2025 to provide leadership during the transiiional pcriod. Ben SalaTMon was appointcd Executive Director in January 2026. The Board was strengihened with the appointment of new trustees. Dr Toby Greene, Visiting Lecturer in BIU'S Political Studies Department, joined the Board and Dame Louise Ellman DBE was also appointed as a Irusiee, bringring extensive political and community leadership experience. Overall, Ihe charity demonstrated resilience and adaptabiliry, combining community engagem¢nL a¢ademic collaboration. governance renewal, staffing continuity, and humanitarian r¢spons¢. These achievements reinforced its mission to connect UK supporters with Bar-llan University and to champion education and impa¢1 duringT a chall¢nging year. Financial Review Incoming resources of the charity for the year tolalled £524,324 (2024= £986,750). T(A&l resource5 cxp¢nded for the year totalled £514,370 (2024: £1.016.142), including donattons transfe¢d to the University of £398.34912024: £899,260). Annual budgets are approv¢d and monitored by trustees with variances highlighted and discussed Board meetings. In the opinion of the Trustees. the Charity's assets are sufficient to fulfil the obligations of the Charity. Reserves Pollcy Statement The Charity's policy 15 that unrestricted funds which have not been designaied for specific use should be maintained at a level eqllivaleni io Six THonths' expenditure. The Truslees consider reserves al this level will ensure that, in the event of a significant drop in funding. they will be able to continue the Charity's curreni aciivities whilsi consideration is given to raising additional funds.
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY TRUSTEES REPORT YEAR ENDED 30 SEPTEMBER 2025 STATEMEfa OF TRUSTEE'S RESPONSIBILITIES The charity's Irusiees are responsible for preparingj the Trustees Annual Report and the financial siai¢mcnts in accordance with applicable law and lJnited Kingdom A¢¢ouniing Standards (United Kingdom Generall).. Accepied Accounting Practice). The law applicable to chariiies in England and Wales requires the trustees lo prepare financial statements for each financial y¢ar whi¢h giivc a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the chariry for that period. In preparing ihese financial statements. the trustees are requir¢d 10: select suitable accounting policies and then apply them consistently: observe the rnethods and principles in the Charities SORP; make judgements and estimates that ar¢ r¢asonable and prudent. state whether applicable UK accounting standards have been followed, subject io any material departures disclosed and explained in (he financial ststements: prepare the financial sMentS on the going concern basis unless il is inappropriao to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any lime ihe financial position of the charity and enable them to ensure that the financial ststemcnts compl) with ihe Charities Act 2011, ¢h¢ applicable Chariiies (Accounts and Reports) Regulations and ihe provisions of Ihe Trust Deed. The trustees are also responsible for safeguarditlg the a55ets of the charity and hence for iaking reosonable slep5 for the prevention and det¢¢lion of fraud and other irregularities. The trustees are responsible for th¢ maint¢nance and integrity. of the charity and financial inforniation included on the rharity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Signed on behalf of the trustees, Romie Tager KC Chairma Date..
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 2025 I report lo the trustees on my examination of the accounts of The British Friends of Bar Ilan University for the year ended 30th September 2025. Responsibiliti and basis of report As the trustees of the chariry you are responsible for the preparation of accounts ID accordancc wilh the requirements of the Charities Act 2011 I'the Act,). I rewrf in respect ofmy examination of the charity's accounts carried out under section 145 of rhe Act. In carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5Mb) of the 201 l Act. Independent examiner's statement Sin¢e ihe charity's gross incolne exceeded £250.000 your ewdminer musi be a member of a body Iisied 111 Section 145 of the 201 l Act. I confirm that l qualificd to undertake ihe examination because l am a member of the Insliiuie of Chartered Accountants in England and Wale5, which is one of thc lisied bodies. I have compl¢t¢d my Cxamination. I confirni that no matters have come to my attention in Connection wilh the examination LFiving me caus¢ to b¢lieve- 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 wilh the a¢¢ounling r¢ouiremenis concerning the forni and content of accounts set out in the Chariiies {Accounts and Reports) Regulaiions 2008 oiher than any rcouiremenE that the accounts give a 'true and fair view, which is a matter not considered as part of an ind¢p¢nd¢nt examination. I have no eon¢erns and come across no matters in conneciion with the examination to which attention should be draivn in this report in order to enable a proper understanding of the accounts to reached. Jon Lishak FCA JPL Aceouniancy Services Lid 110 Chandos Avenue Whetstone I,ondon N20 9DZ Date..
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 30 SEPTEMBER 2025 Unrestricted Funds 2025 Total Funds 2024 Note INCOMING RF.SOURCES Incoming resources from generating funds: Voluntary income 524J24 986.750 TOTAL INCOMING RESOURCES 524J24 986,750 RESOURCES EXPENDED Cos(s of generaiingF funds.. Cosis of generating voluntary incom¢ Chariiable activities Support and governance costs TOTAL RESOURCES EXPENDED 1476) {398.349) 1115,545) (5.759) (899,260) (111 123) 415 {514J70) (1,016.142) NET tNCOMtNC.I{OUTGOING} RESOURCES FOR THE YEAR RECONCILIATION OF FUNDS Total funds hrougyht fonvard TOTAL FUNDS CARRIED FORWARD (29,392) 158,171 187,563 168,125 158,171 The Statemeni of Financial Activitie5 includes all gains and losses in thc y¢ar and therefore a slatement of total recognised gains and losses has not been prepared. All of the aix)ve amounts relaie io continuing activities. The notss on pwges 12 to 16 fonn of these financlal statornont¥.
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY BALANCE SHEET 30 SEPTEMBER 2025 2025 2024 Note FIXED ASSETS Tangible assets 550 734 CURRENT ASSETS Debtors Cash at bank 172J75 162.057 172J75 162.057 CREDITORS: Amounts falllng due within one ye4r 14,800) {4,620) NET CURREiYf ASSETS 167,575 157,437 TOTAL ASSETS LESS CURREwf LIABILITIES 168,125 158.171 NET ASSETS 168.125 158.171 FUNDS Unrestricted income funds 10 168,125 158.171 TOTAL FUNDS 168,125 158,171 These financial sta(ements were appn)v¢d by ihe trustees on Zo Romi¢ Tager KC Chaimjan The notes on page• 12 to 16 forn) part of these finan¢lo1 Statements. 10
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY STATEMENT OF CASH FLOWS 30 SEPTEMBER 2025 2025 2024 Note CASH FLOWS FROM OPERATING ACTtVlTES Nei Cash used in operatin&i activities 12 10,318 (31,037) CASH FLOWS FROM INVESTING ACTtVlTIES Purch&se of fixed assets CHANGE IN CASH & CASH EQUIVALENTS IN THF. YEAR IOJ18 (31,037) Cash & cash equivalents brought forward 162,057 193.094 CASH & CASH EQUIVALENTS CARRIED FORWARD 172J75 162.057 li-
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTINC POLICIES Basis of accounting The financial StaMentS have been prepared under the hisiorical cost convention with items recognised at ¢ost or transaction value unless otherwis¢ siai¢d in the notes to the a¢¢ounts. The finan¢ia] staiements have been prepared in accordance with the charity's trusi deed, the c.harities Act 2011 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparin&F th¢ir accounts in accordance with the Financial Reporting Siandard applicable to the UK and Republic of Ireland {FRS1021" The charity constitules a Public Benefit Entity as defined by FRS 102. Going ¢on¢ern At the time of appro¥ing the accounts. the truste¢s have a reasonable expectation that the charity has adequatc rcsources to continue in operational exisience for the foreseeable future. The trnste¢s Iherefore continue to adopt the going concern basis of accounting in preparing the ac¢ounis. Funds Structure Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Unrestricted funds are fvnds which are used in accordance w'iih ihe ¢hariiabl¢ obje¢ts at the discreiion of thc t1¢¢5. Ineothe re¢ogDStion Donation income is recognised in the pcriod in ivhich the charity is entitled to receipt and the amount can be measured with reasonable certainty. Expenditure r¢eognltlo Liabilities are recognised a5 resources ¢xpend¢d as soon as rhere is a legal or constru¢iive obligation commilling the charity lo the expenditure. All expenditure is accounted for on an accruals basis and has been cla55ified under headings that aggregate all costs related to the category. Grants paid consist of amounts paid to Bar Ilan Universiry in line with ihe objects of the charity. Fixed asset All fixed assets are initially recorded at cost. Depreei4tloD D¢pr¢ciation is calculated so as to rIte off th¢ cos¢ of an asset, less its ¢siimated residua] value. over the useful economic life of thai asset as follows.. Equipment Software 250/0 on reducing balance 25ts/0 Straibiht line 12
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2026 VOLUIYTARY INCOME Unrestricted Funds 2025 Total Funds 2024 Donations Donations received 524.324 986.750 524J24 986,750 COSTS OF GENERATING VOLUNTARY INCOME Unrestricted Total Funds Total Funds Funds 2025 2024 Mailshots and fundraising events 476 476 5,759 COSTS OF CHARITABLE AcfivITIES BY FUND TYPE Unrestrieted Total Funds Total Funds Funds 21)25 2024 Distribuiions to Bar Ilan University 398J49 398J49 899,260 398J49 398J49 899,260 COSTS OF CHARITABLE AcrtVlTIES BY ACTIVITY TYPE UnTe5tricted To¢#1 Fuods Total Fund5 Funds 2025 2024 Distributions ro Bar Ilan University 398J49 J98J49 899,260 398J49 398J49 899,260 13
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 SUPPORT AND GOVERNANCE COSTS UThrestricted Fund5 2025 Total Funds 2024 ort Siaff costs (see note 7) Offi¢¢ administrative expenses Sundry support cost4 82,396 26,984 285 86,957 18,103 427 109,665 105,487 Gov¢manc¢ costs Payroll bureau Accountaney fees Independent examiner's fees 1,080 2,900 1,900 1,016 2.770 1.850 5080 5,636 Total support and governance costs IiS,54S STAFF COSTS AND EMOLUMENTS Tot*1 staff costs were as follows: 2025 2024 Wages and salaries Social security ¢osts Staff pension Costs 75,795 4.785 1,816 80,000 4,976 1.981 82 J96 86,957 Particulars of employees: The average number of employees during ihe year, calculated on the basis of full-time equivalents, was as follows.. 2025 2024 No. Number of adtninistrative staff Number of management staff 14
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 The nUber of employees whose remuneration for the year fell within the followingJ bands, were.. 2025 2024 £70,000 to £79.999 £80,000 to £89.999 TANGIBLE FIXED ASSETS Equipment COST At l October 2024 Additions 31,122 At 30 September 2025 31,122 DEPRECIATION At l October 2024 Charge for the year At 30 September 2025 30?88 184 30,572 NET BOOK VALUE At 30 Seplember 2025 At 30 Septwnber 2024 550 734 CREDITORS: Amounts falliDg due witbin ODe year 2025 2024 Other Taxation and Social Security Other Crediiors and A¢¢rua15 4,800 4,620 4,800 4,620 10. UNRESTRICTED INCOME FUNDS Balance at l Oet 2024 Incoming resourees Balance 4t 30 Sep 2025 General Funds 158.171 9.954 168.125 15
THE BRITISH FRIENDS OF BAR ILAN UNIVERSITY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 SEPTEMBER 2025 11. RETIREMENT BENEFIT SCHEME Defined eontrlbutlon schemes The charity. nperates a defincd contribution pension schcme for all qualifying employccs. The assets of the scheme are held separatel J. from those of the charity in an indetKndently administered fund. Th¢ charge to income and expendiiure in respect of defined pension Schemes was £1.816 (2024.. £1,981). 12. CASH GENERATED FROM OPERATIONS 2025 2024 Surplusl(Deficitl for the year 9,954 (29,392) Add back depreciaiion charge 245 MoveTnents in workin tktreasc in debtors (Decrease)lincrease in creditors ca ita] 180 {1,890) C*sb {absorbed by)Igetseraled from oper#tiolls io 31.037 16