REGISTERED CHARITY NUMBER: 1024814
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR
BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
|
Page |
Report of the Trustees |
1 to 2 |
Independent Examiner's Report |
3 |
Statement of Financial Activities |
4 |
Balance Sheet |
5 |
Notes to the Financial Statements |
6 to 9 |
Detailed Statement of Financial Activities |
10 |
BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31 December2022.The trusteeshaveadoptedthe provisionsof the Statementof Recommended Practice
(SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1024814
Principal address
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
Trustees
Mr. J. Lauffer
Mr. S. Forman
Ms R Goldberg
Dr M B Fertleman
Independent examiner
Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The BritishFriendsof the SarahHerzogMemorialHospital(the Charity)is constitutedby the Declaration of
Trust executed on 8th July 1993.
Recruitment and appointment of new trustees
TheBoardofTrusteesisauthorisedtoappointneworadditionaltrusteesbydeeddated4th September
2003.
Risk management
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandto ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
ItsobjectistopromoteandprovidefinancialassistancefortheworkcarriedoutbytheHerzog Hospital
(theHospital)in Jerusalem.In planningthecharitiesactivities,thetrusteeshavehadregardtothe Charity
Commission guidance on public benefit.
Page 1
BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022
OBJECTIVES AND ACTIVITIES
Significant activities
TheHospital,formerlytheEzrathNashimHospital,wasoriginaldesignedandbuilttoprovidefor the
custodialcareof patientssufferingfrommentalillness.Overthe last4 decades,the growthin the number
andpropositionofoldermembersofthecommunityhascreatedanincreasingneedfortheprovision of
geriatric care as well as respiratory care.
Thecalls,inrecentyears,ontheTraumaCentreasaresultofterroristattackshavealsobeena heavy
burdenontheHospital'stherapistsnecessitatingexpansionoftheTraumaCentre.Becauseofthe growth
in populationand increaseddemandson the hospital,overthe lastfew yearsthe Hospitalconstructed the
new SamsonWing which was essentiallycompletedduring the year. The funding of the refurbishments and
additiontothebuildingscontinuesandisdependentongrantsfromthecharityandother friends
throughout the world.
ThePeaceofMindProjectisdesigned,tohelptheresettlingintonormalcivilianlifeofformer soldiers
discharged from army service. The Hospital operates this program through the Trauma Centre.
Duetoincreaseddemand,theChildren'sRespiratoryCareUnitisnowoperatingatcapacityandcan no
longeracceptanyadditionalchildren.WiththehelpoftheUKraisedfunds,wehavetargetedto enlarge
the unit and help more children and their families.
Approved by order of the board of trustees on 28 July 2023 and signed on its behalf by:
Mr. J. Lauffer - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
I report on the accounts for the year ended 31 December 2022, which are set out on pages four to nine.
Responsibilities and basis of report
Asthecharity'strusteesyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
I have examinedyourcharity'saccountsas requiredunder section145 of the CharitiesAct 2011('the Act').
IncarryingoutmyexaminationIhavefollowedtheDirectionsgivenbytheCharityCommission under
section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
Ihavecompletedmyexaminationandhavenoconcernsinrespectofthematters(1)to(4)listed above
and,inconnectionwithfollowingtheDirectionsoftheCharityCommissionIhavefoundnomatters that
require drawing to your attention.
Paul Simmons FCA
ICAEW
Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
Date: ............................................. 1st August 2023
Page 3
BRITISH FRIENDS OF THE SARAH HERZOG MEMORIAL HOSPITAL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022
Unrestricted
Restricted
fund
fund
Notes
£
£
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
473,808
-
Other incoming resources
92
-
RESOURCES EXPENDED
Costs of generating funds
Costs of generating voluntary income
2
11,490
-
Fundraising trading: cost of goods sold and
other costs
14,196
-
Charitable activities
Grants paid
753,497
-
Governance costs
1,320
-
Other resources expended
35
-
Total resources expended
780,538
-
NET INCOMING/(OUTGOING) RESOURCES
(306,638)
-
RECONCILIATION OF FUNDS
Total funds brought forward
425,860
-
TOTAL FUNDS CARRIED FORWARD
119,222
- |
31.12.22
Total
funds
£
473,808
92
11,490
14,196
753,497
1,320
35
780,538
(306,638)
425,860
119,222 |
31.12.21
Total
funds
£
508,100
-
11,591
-
189,881
1,200
384 |
|
|
203,056 |
|
|
305,044
120,816 |
|
|
425,860 |
CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.
The notes form part of these financial statements
Page 4
BRITISH FRIENDS OF THE SARAH HERZOG MEMORIAL HOSPITAL
BALANCE SHEET
AT 31 DECEMBER 2022
Unrestricted
Restricted
fund
fund
Notes
£
£
CURRENT ASSETS
Cash at bank
120,542
-
CREDITORS
Amounts falling due within one year
5
(1,320)
-
NET CURRENT ASSETS
119,222
-
TOTAL ASSETS LESS CURRENT LIABILITIES
119,222
-
NET ASSETS
119,222
-
FUNDS
6
Unrestricted funds
TOTAL FUNDS |
31.12.22
Total
funds
£
120,542
(1,320)
119,222
119,222
119,222
119,222
119,222 |
31.12.21
Total
funds
£
427,060
(1,200)
425,860
425,860
425,860
425,860
425,860 |
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteeson28July2023andweresignedon its
behalf by:
Mr. J. Lauffer -Trustee
Mr. S. Forman -Trustee
The notes form part of these financial statements
Page 5
BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
1. ACCOUNTING POLICIES
Accounting convention
The financialstatementshavebeenpreparedunderthe historicalcostconvention,the Charities Act
2011andtherequirementsoftheStatementofRecommendedPractice,Accountingand Reporting
by Charities.
Incoming resources
AllincomingresourcesareincludedontheStatementofFinancialActivitieswhenthecharity is
legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributedto particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbe usedin accordancewiththecharitableobjectivesat thediscretionof the
trustees.
Restrictedfunds can only be used for particularrestrictedpurposeswithin the objectsof the charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundis includedin thenotestothe financial
statements.
2. COSTS OF GENERATING VOLUNTARY INCOME
|
|
31.12.22 |
31.12.21 |
|
|
£ |
£ |
|
Support costs |
11,490 |
11,591 |
3. |
GRANTS PAYABLE |
|
|
|
|
31.12.22 |
31.12.21 |
|
|
£ |
£ |
|
Grants paid |
753,150 |
189,881 |
Page 6
BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022
3. GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
|
31.12.22 |
31.12.21 |
|
£ |
£ |
Ezrath Nashim Herzog Hospital |
753,150 |
189,881 |
4. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2022 nor
for the year ended 31 December 2021.
Trustees' expenses
There were no trustees'expensespaid for the year ended 31 December2022nor for the year ended
31 December 2021 .
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
31.12.22 |
31.12.21 |
|
£ |
£ |
Other creditors |
1,320 |
1,200 |
6. MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
r
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement in
At 1.1.22
funds
At 31.12.22
£
£
£
425,860
(306,638)
119,222
425,860
(306,638)
119,222
Incoming
Resources
Movement
esources
expended
in funds
£
£
£
473,900
(780,538)
(306,638)
473,900
(780,538)
(306,638) |
|
|
Page 7
BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Unrestricted Funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in the above ar
r
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement in
At 1.1.21
funds
At 31.12.21
£
£
£
120,816
305,044
425,860
120,816
305,044
425,860
e as follows:
Incoming
Resources
Movement
esources
expended
in funds
£
£
£
508,100
(203,056)
305,044
508,100
(203,056)
305,044 |
31.12.21
£ |
|
|
425,860 |
|
|
|
|
|
|
|
|
|
|
|
425,860 |
|
|
|
|
|
|
|
|
|
|
|
£ |
|
|
|
|
|
305,044 |
|
|
|
|
|
|
|
|
|
|
|
305,044 |
|
|
|
|
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement in
At 1.1.21
funds
At
£
£
120,816
(1,594)
120,816
(1,594) |
31.12.22
£
119,222 |
|
|
119,222 |
Page 8
BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2022
6. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
r
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
esources
expended
in funds
£
£
£
982,000
(983,594)
(1,594)
982,000
(983,594)
(1,594) |
|
|
Page 9
BRITISH FRIENDS OF THE SARAH HERZOG
MEMORIAL HOSPITAL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
INCOMING RESOURCES
Voluntary income
Donations, grants, & legacies
Gift aid
Other incoming resources
Interest received
Total incoming resources
RESOURCES EXPENDED
Fundraising trading: cost of goods sold and other costs
Fund Raising Events
Charitable activities
Grants to institutions
Governance costs
Accountancy
Support costs
Management
Postage and stationery
Advertising
Consultancy fee
Finance
Bank charges
Other
Sundries
Total resources expended
Net (expenditure)/income |
31.12.22
£
452,773
21,035
473,808
92
473,900
14,196
753,150
1,320
-
160
11,490
11,650
187
35
780,538
(306,638) |
31.12.21
£
494,433
13,667 |
|
|
508,100
- |
|
|
508,100
-
189,881
1,200
178
144
11,447 |
|
|
11,769
171
35 |
|
|
203,056 |
|
|
305,044 |
This page does not form part of the statutory financial statements
Page 10