``` REGISTERED CHARITY NUMBER: 1024814 ``` ## **`REPORT OF THE TRUSTEES AND`** ## **`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 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 2023`** ||`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 2023`** ``` Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended 31 December2023.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`** ``` 51 Barham Avenue Elstree Borehamwood Hertfordshire WD6 3PW ``` ## **`Trustees`** ``` Mr. J. Lauffer Mr. S. Forman Ms R Goldberg Dr M B Fertleman Ms S R Dangoor - appointed 14.6.24 ``` ## **`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. ``` ``` Page 1 ``` ## **`BRITISH FRIENDS OF THE SARAH HERZOG MEMORIAL HOSPITAL`** ## **`REPORT OF THE TRUSTEES`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** `The objectives and aims of the charity are to raise awareness of and raise funds for the Herzog Hospital in Jerusalem.` `The Hospital is a not for profit, charity hospital which treats all patients irrespective of denomination, age, religion, ethnicity or sexual orientation. Its focus is on four major areas: Mental Health, Respiratory care, Geriatrics and Rehabilitation.` ## **`Grantmaking`** `Funds raised are granted to the hospital.` ## **`Volunteers`** `The charity has no employees and no salaries or expenses are paid to the Trustees.` ## **`FINANCIAL REVIEW`** ## **`Reserves policy`** `The policy of the board is to maintain sufficient reserves to cover annual operating costs.` ## **`Investment policy and objectives`** `Funds are retained in an interest-bearing account until transferred to the hospital.` ## **`FUTURE DEVELOPMENTS`** `The charity aims to expand its activities by raising funds for the POM (Peace of Mind) program organised by the Hospital which helps to provide group therapy for individuals exposed to traumatic events and to raise funding for the new Mental Health pavilion at the Hospital.` 30/09/2024 `Approved by order of the board of trustees on ............................................. and signed on its behalf by:` `.............................................` NSE `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 2023, which are set out on pages four to nine.` ## **`Responsibilities and basis of report`** `As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').` `I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission 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`** `I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.` `Paul Simmons FCA ICAEW Nagler Simmons Chartered Accountants 5 Beaumont Gate Shenley Hill Radlett WD7 7AR` 30/09/2024 `Date: .............................................` `Page 3` ## **`BRITISH FRIENDS OF THE SARAH HERZOG MEMORIAL HOSPITAL`** ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023`** |`Unrestricted`
`Restricted`
`fund`
`fund`
`Notes`
`£`
`£`
**`INCOMING RESOURCES`**
**`Incoming resources from generated funds`**
`Voluntary income`
`408,680`
`-`
**`Other incoming resources`**
`299`
`-`
**`RESOURCES EXPENDED`**
**`Costs of generating funds`**
`Costs of generating voluntary income`
`2`
`12,000`
`-`
`Fundraising trading: cost of goods sold and`
`other costs`
`22,912`
`-`
**`Charitable activities`**
`Grants paid`
`299,691`
`-`
**`Governance costs`**
`1,740`
`-`
**`Other resources expended`**
`35`
`-`
**`Total resources expended`**
`336,378`
`-`
**`NET INCOMING/(OUTGOING) RESOURCES`**
`72,601`
`-`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`119,222`
`-`
**`TOTAL FUNDS CARRIED FORWARD`**
`191,823`
`-`|`31.12.23`
`Total`
`funds`
`£`
`408,680`
`299`
`12,000`
`22,912`
`299,691`
`1,740`
`35`
`336,378`
`72,601`
`119,222`
`191,823`|`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`| |---|---|---| ## **`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 2023`** |||||31.12.23|31.12.22| |---|---|---|---|---|---| ||Unrestricted||Restricted|Total|Total| |||fund|fund|funds|funds| ||Notes|£|£|£|£| |**CURRENT ASSETS**|||||| |Cash at bank||193,563|-|193,563|120,542| |**CREDITORS**|||||| |Amounts falling due within one year|5|(1,740)|-|(1,740)|(1,320)| |**NET CURRENT ASSETS**||191,823|-|191,823|119,222| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||191,823|-|191,823|119,222| |**NET ASSETS**||191,823|-|191,823|119,222| |**FUNDS**|6||||| |Unrestricted funds||||191,823|119,222| |**TOTAL FUNDS**||||191,823|119,222| `The financial statements were approved by the Board of Trustees on .............................................` 30/09/2024 `and were signed on 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 2023`** ## **`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`** |||`31.12.23`|`31.12.22`| |---|---|---|---| |||`£`|`£`| ||`Support costs`|`12,000`|`11,490`| |**`3.`**|**`GRANTS PAYABLE`**||| |||`31.12.23`|`31.12.22`| |||`£`|`£`| ||`Grants paid`|`299,380`|`753,150`| ``` Page 6 ``` ``` BRITISH FRIENDS OF THE SARAH HERZOG MEMORIAL HOSPITAL ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`3. GRANTS PAYABLE - continued`** ``` The total grants paid to institutions during the year was as follows: ``` ||`31.12.23`|`31.12.22`| |---|---|---| ||`£`|`£`| |`Ezrath Nashim Herzog Hospital`|`299,380`|`753,150`| ## **`4. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023 nor for the year ended 31 December 2022. ``` ## **`Trustees' expenses`** ``` There were no trustees'expensespaid for the year ended 31 December2023nor for the year ended 31 December 2022 . ``` ## **`5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** ||`31.12.23`|`31.12.22`| |---|---|---| ||`£`|`£`| |`Other creditors`|`1,740`|`1,320`| ## **`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 1.1.23`
`funds`
`At 31.12.23`
`£`
`£`
`£`
`119,222`
`72,601`
`191,823`
`119,222`
`72,601`
`191,823`
`Incoming`
`Resources`
`Movement`
`esources`
`expended`
`in funds`
`£`
`£`
`£`
`408,979`
`(336,378)`
`72,601`
`408,979`
`(336,378)`
`72,601`|`31.12.23`
`£`
`191,823`| |---|---|---| |||`191,823`| |||`72,601`| ``` Page 7 ``` ``` BRITISH FRIENDS OF THE SARAH HERZOG MEMORIAL HOSPITAL ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`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 1.1.22`
`funds`
`At 31.12.22`
`£`
`£`
`£`
`425,860`
`(306,638)`
`119,222`
`425,860`
`(306,638)`
`119,222`
`e as follows:`
`Incoming`
`Resources`
`Movement`
`esources`
`expended`
`in funds`
`£`
`£`
`£`
`473,900`
`(780,538)`
`(306,638)`
`473,900`
`(780,538)`
`(306,638)`|`31.12.22`
`£`| |---|---|---| |||`119,222`| |||| |||| |||| |||`119,222`| |||| |||| |||| |||`£`| |||| |||`(306,638)`| |||| |||| |||| |||`(306,638)`| |||| |||| ``` 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 1.1.22`
`funds`
`At`
`£`
`£`
`425,860`
`(234,037)`
`425,860`
`(234,037)`|`31.12.23`
`£`
`191,823`| |---|---|---| |||`191,823`| ``` Page 8 ``` ``` BRITISH FRIENDS OF THE SARAH HERZOG MEMORIAL HOSPITAL ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - CONTINUED`** ## **`FOR THE YEAR ENDED 31 DECEMBER 2023`** ## **`6. MOVEMENT IN FUNDS - continued`** ``` Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in the above are as follows: ``` |**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`882,879`
`882,879`|`Resources`
`expended`
`£`
`(1,116,916 )`
`(1,116,916 )`|`Movement`
`in funds`
`£`
`(234,037)`
`(234,037)`| |---|---|---|---| ``` Page 9 ``` ``` BRITISH FRIENDS OF THE SARAH HERZOG MEMORIAL HOSPITAL ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`** |**`FOR THE YEAR ENDED 31 DECEMBER 2023`**
**`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`**
`Advertising`
`Consultancy fee`
**`Finance`**
`Bank charges`
**`Other`**
`Sundries`
**`Total resources expended`**
**`Net income/(expenditure)`**|`31.12.23`
`£`
`391,766`
`16,914`
`408,680`
`299`
`408,979`
`22,912`
`299,380`
`1,740`
`170`
`12,000`
`12,170`
`141`
`35`
`336,378`
`72,601`|`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)`| |---|---|---| ``` This page does not form part of the statutory financial statements ``` ``` Page 10 ```