REGISTEREtyOI NUMBER: 1028061 of the Trustees and Unaud they ed 31 December 20ZO Flnan lal ts for The endsof Ram 321 Accounts knmlted Chartered Attountants 152 co$ Green Road London NW2 7HD
Th• Brltlsh Frfends of mbxn M for th• Y••r Énded 31 Page Report oftheTrustees Ito3 Indendent Eyamlnerfs Report Statefnent of ndI1 Actmtles llalance Sheet 6t07 ote5 to the Flnanclal Statements 8tolO Oetslled Statement of Flnancial A¢ti¥ltles li
rthe r Ended 31 ber20 The trustee5 present thelr reportwlth thefinontsal stateme[ of theclwityforthe yearended 31 Decembèr 2020. The trustees have adopted the prThii5ions of the Staternent of Recommended Practlce ISORPI 'Attountlng and Reporting by tharities, issued in March 2W5. REFERÉNCE ANDAIJMINISTRATIVE All5 R•ilstered Ch•rlty number 1028061 Prln¢lpal address l Opal Court 120 Regents pa Road London N3 3HY Trnst• Mrs A Alexander-Passe Ms G Alexander-Passe AG4 FCCA Mrs SL Rose Independent eM#mln•r Mr Robert Sydney Jacobs 321 AOuThts LlmSted Chartered Accountants 152 Coles Green Road London NW2 7HD Bankers rAF Bank Llmlted rfhe Charftle5 Ald Foundatlon} 25 KSn8s Hlll Avenue West Mallin8 Kent ME19 4JQ Page I
h Friends of oftheT mbam Med. rtheyea rtt Re ed31 STftUOVRE, GOVEIINANCE MANAGEMENT Governlng document The chadty is controlled by its 8overnin8 documen¢ a deed oftrnst. aNI constitutes an unintt*rporated tharity. The charitywas created bya trust deed dated 4 Nember 1993 and wa5 registered with the Charity Commission on 4 November 1993. The Charity is a private tharity tontrolled by it5 trustees. Recrullmint and appolntm•nt ol ngw trvste•s The current trustees are constantly searthin8for people ¥tho share thevalue5 and Ideals of the charlty and would make suitable trustees. In selecting persons to be appolnted as Intees. the trustees shall ty to take into account the benefits ol appolntlng a person who. thrnh resIden, occupatIt, ernov¢nt or otherni5e ha5 5peci31 knowledge of the area of benefltto m•kè a contrlbutlon to the pursuit of the objects ff the management of the tharitv. New trustees shall be appointed by a resolutlon of the tnLStees Ped at a spedal meetln& There Is also ststutory powèr to appdnt new or addltlonal trustee5. wherè necewry. The management and admlnlstratlon oft• charlty has been undertaken by Mrs Anlta Alexander-Pas5e. Rlsk management The trustees ha¥e a duty to Identlfy and revlewthe rfsks to whlth the tharity b exposed and to ensure approprfate controls are In place to provlde reasonable assurance a8aln5t fraud and error. OBJECTIVE5 AND ACTMTIES Oblert$ and •lm% The aims of the charity are for the rellef of slcknw by the provlslon or Impnylement of medIC fadiiiles by the provlslon or Improvement of medlcal faclllfjes and the Supply of e9ulpment to the Rambam Medical Centre in Halfa. Israèl. Durlng the year thè thartty eNed a number of grants and donations whith were used for the purpose of fundln8 the purchases of equipmènt for the Medical Centre. The other ongdn8 fundraIsl a¢Uvitles carried oul in the year by the ¢haritywere satlsfartory. FINANCIAL REVIEW Reserves pollcy It Is the charlty's polScy that unresirlcted fvnds that have not been deslgnatsd for a spedal use should be maintained at a level equivalent to at leastthe next six month's expendrture. The trusteL% conslderthat Teserve5 at this level will ensure thal In the event of a sudden drop in fundin& the Foundation will be able to continue its current level of artivity whilst consideratlon Is gbven to ways in which additlonal funds may be ralsed. Pa8e 2
h hiends of Ra rtoftheT m Medical Prlnclpal lunding sour5 The totsl incoming Te50urctsfor the year amounted to £564.05812019.' £952491.The principal fundin8 50ur¢es for the tharity are ¥oluntarydonation income, Induding bequests and legacies, and interest income eamed on the ¢haI{.5 funds. a result of the UCed fund5 held on deposlt. and lower Interest rates, the charity eamed Intest In the year of £1012019.. £291. The chArrty tontrfbuted fvnds forthe purth• of medlcal fjqulpmènt at the Rambam Medical Centre amounting to £539,5CKJ12019: £9L5201. The fvnds were used to purchase (atheterizaiion equipment for the Heart Hospltal and sur8Scal equlpmènt for the Paeili3tri¢ OrthopaediclOn¢olo8y Department for chlldren bone cancer and Ilmb impalrment. Key to the hospitsl ts the malntenance of the under8round hosp5tal for emergency meditlfte In tSmes of war, whlch has also been used for Intensfve ¢arÈ of Pats wth t<y4id and other highly infertlous dlseases. InStMent pollry and oblethes The Trustees havè invested the assets ofthe Designated Fund In The Charlbond tharttles Flxed Intere5tCommon lftvestrnent Fuftd and in Charlfvnd. The trustees hold the charfty'5 other fvnd5 wlth CAF Bank to minimlse dsk and loss to the ¢harftv. PLANS FOR THE FUTURE The charlty alms to pursue thè rellef of 51ckness throh Its conynued support of the Rambam Medlcal Centre In Halfa by the provi51on ol crltlcal med11 equlpmentflnancedthrough itsfundralsln8 actmtles in the Unlted Klngdom. The tqulpment our hospital uses refiects thè qualfty of he411ht*rè It provldes. Eath of Rarnbam's nlne labor-dellvery rooms must be equSpped wfth a Wall-mounted, Radknt Baby Wamer to re8ulate the environment durln8 the transltlon from the womb. These Wall-mounted. Ra¢llant Baby Warmer5 wll allow newboms to MaIn comfortably It thelr mothers, bedside Tp4hÈn monitortn8 the baws wtals. body tempernture. and wel8ht, our alm In the foreseeable future Is to purchase these wamers at£4WO eath or £43.2CQ Ilndudlng operatlonal expenses). The charlry has ongolng profvcts In Paedlatrlc Orthopaedlc Onco108y for thildren vAth bone ¢aTrr Jnd Ilmb dlsfunction, support of the H%h Risk Obstetries Unit and Heart +lospital ttL All part of the campus of the Medkal Centre whith 15 a beacon for researth and Innovatton. Apwoved by order of the board of trustees on 10 September 2021 and signed on its behalf by.. QIpwJo Ms G Alexander-Pa55e ACA FCCA-Trustee
nt Examinels R rttotheT I report on the accounts forthe year ended 310KernbÈr 2020. whKh are sei out on pages re to ten. Rsponslbllltle5 and basls ol rewi As the charlty's trustee5 you are responsible forthe prepJrntlon of the ateounts In wrdaneè wh the requlrements of the Charftle5 Act 2011 lheAcVI. I have exarnlned yourcharlty's ¥countsasrequlred unthrsth 145ofthe Ch•rftle5 Act20111'theArt'I. In tarrylne out my examination I have followed the Directbl$ gfven by the tharlty Comrnlsskn undw sectlon 14515Mbl of the 2011 Art. My role Is to State whether any materhl mètttrs hwe£¢Thto my •ttentiOn 8lvlw me cawe to bdteve: Ihat accountlng records were not kept as required by section 130 of the Att.. orthat the acrounts do not accord with those rvxryds: orthat the xcourtts th) not Com¥ wlth the actountlng requlrements ofthe * or that there 13 further Infomiaiion needed fora proper Undetandin8 (*the rKcounts. Independent examlner's #at•mnt I hove cornpltted my ex8mSn•tKJn and have no concerns In respect of the matters111 to141 Ilsted above and. Sn connKtlon wlth follo¥An8the DIretho ofthe Ch•rlty Cornm15s1on I h•¥e foundrn matters that re4uiie drowlng tntion. Mr Robert ydn Jacobs 321 Accounts tirnlted Chartered Accountants 152 Coles Green Road London NW2 7HD 10 September 2021 Page 4
The British Aien f Rambam M nt of Flnanclal A vftie5 for they I Centre r Ended 3 te 20 3LIIX) Total funds 3LIZ19 Totsl funds lthrestsitted Restrirted fund funds INCOMING RESOURCES Incoming re50Urt¢sfrom leeredfvndI Voluntary Income Investment Income Total Incomln8 resou5 472 561472 1534 IZS44) S59,938 RESOURCES EXPENDED CO ofynerntln¥fvnd5 Costof 8eneratlngvoluntwy 5ncoffle CharltJbl• £tl¥ltles Rambam edICal Cerrtrn Go¥ernan(e f05ts Otherrnsourt•s•xp•nd¢d 539.9)) 9L5XI Totsl r+5•1xP•ndQd NINCOMING/1wTG0ING1 REsouf<E5 17.032) Gross trdnsfers between funds 11(01 Net Incomln81lout8olng) rtsourc•s 14544) 955 17,032) RECONOUATION OF FUNDS Totsl funds bfQU8htforw*d 56.E61 s3.f3 TOTAL FUNDSCMEDF0RwAI1D 661 The notrs fonn part ofthese flnancial 5tsternents P4e5
Th British Ffi lante Sheet at 3 fRambam M Detember 2020 Icen 3Lll20 Totsl 3L1119 l17(ted SIcted Total fund ds flmds FIXEDASSEfS Tanyblè assets 249 RRÈNT ASSET5 Debtors L255 L255 InvÈstrnents Cash atbank 7,715 57.312 7Lll Amounts falllngdue wltNn ye¥ 244rJ 7Q491 412 4&0 616 $4661 7Qffl6 5& FUNL6 Unre5ticted fvnds: General fund Restricted funds.. cknoJlo8y •nd Nff¢l Fund Sherbel and Denman molI fund f 14 14 14 Rheumatoloev Researth ¥fXM TOTAIFUNf6 The notes fonn part ofthese finanaal statements Pe6
The Britssh Friends f m M dical Cen Balance l DeceJnber 20 The financial ststementswere apwoved by the Board of Trustees on 10 September 2021 and were slgned on Its behalf by: Ms G Alexander.Passe ACA FCCA-Trustse Mrs A A1exander4as. Trustee The notes f(rn partoftheseflnandal statements Page 7
The Brfdsh Fri nds of Ramba Year 31 Decem 202 I. ACCOUNnNG POLEs Accountth8 u)Ii¥entk>n The finandal statements have been prepared under the hlstoriczl cost ¢4)nventlon, and in accordance with the Flnanci31 RePorn8 Stsndard f4ySmaller Entities leffertive Awil 20081. the charit5 Att 2011 and the requirements of the Statement of Recommended Prnth"ce, Accountlng and Repon8 by thadtle5. Incomlni fuoufc•s All Incomin8 rerceS are Included on the Statement of Flnanclal Activlues wfften the chbrltyls le8alty entitled to the income ènd the amount can be quantlfied wlth rea$able xcuracv. Rwurc•s •XPd•d Expenditure is aceounted for an accruals basls and has been dassffled under headlngs that ag&re8ate all cost related to the cate80ry. Where costs cannot be dir attributed to pafucular headln85 thèy havè been allocated to activitles on a l)asl$ consistent wSth the use of reSr¢¢5. Grants offered sublertto condttlons whlth have not be met at the year end date are noted as a commitsnent but not a¢¢rued as expendlture. Tanglbl• fixgd ass•ts DepreCIaOn Is proNld*d atthe followln8 annual rntes lfi ordLY to wrfte off eath asset o¥eT its estlmated useful life. The tharityls exempt from tsx on Its tharttable a¢vItIe& Fund a(utIng Unrestrlcted fund5 be used In accordan with the tharithble oblttU¥es at the dlscretlon of the trn51ees. Restritted funds can only be wed for partioJlar restrlcted purposes wthin the ¢)bjects of the tharity. Aèstrfttlons arkse when specified by the dcffjoror¥ihen funds are rai5Èd for partioJlar restricted purposes. Further explènatlon ofthe nature #nd purtA)se of eath fvnd is Induded in the notes to the finanual Statements. Pa8e 8
8ritish Friends o mbam Medical Nots5to Fin nclal Stat rEnd 202 2. IPNEsfMeNT INCOME 31.12.2020 31.12.2019 Deposlt account interest CUTnt asset investment intome Investment galn I Ilossl- unreallsed 29 1.576 L782 3. TRUSTEES. REMUNERATION AND 8ENEFrrs Durfftg the year, Mrs Anita Alexander-Passe, a trustee. wa5 paid the gross remuneration of £3,70J12019 - £6,C#)01 for her servitès as Admlnlstrator of the charlty. There were no tru5tees' expenses paid for the year ended 31 De¢ember 2020 nor for the year ended 31 December 2019. 4. TANGIBLE FIXED A55E75 Equipment COST At I january 2020 and 31 December 2020 DEPRECIATION 497 At l January 2020 Char8e for year At 31 December 2020 NET BQOK VAWE At 31 December 2020 At 31 December 2019 248 S. DEBTORS: Amoufn FAWNG DUEWITHIN ONE YEAR 31.12.2020 31.12.2019 Other debtors 6. CURRENT ASSET IPIVEsfMENTS The investment comprise$ 18.547.7SI incomè shares In Thecharibond thafities Fixed Interèstcommon Investment Fund I'charibond'l, and L521A68 shareslunlts In Charlfund and are shown at market value at the balance sheet date. 7. CREOITOAS: AMOUNTS FAWNG WEwmiii4 ONE YEAR 31.12.2020 31.12.2019 Other credltors Page 9
The Britlsh Friends of R Note the Finan m Medical Cen nts- rEnd l Decemb & MOVEMENT IN FUNDS Net Twan5fets wentIn between fun& funds AtOLOL3) At3LIZ2019 Unf05tlrt•dfvThJ%' General fur 24 OnwloKY and W FurKI Sheibel and Denmafi Vemortal fundfof Rheumatology Rese¥th 14 115MI I IU• 440 TOTALFU14DS 661 616 Net rM¥em•ntSnfwthlndithd Inthl ab Irthry Psourc¥s resour$ expeTrJed •ment Infunds Unr•Mld•d fvnds Genernl fund 482 154S9831 Aestrfcted fvnth: CkntDl¢y•nd N¥ll Fund Shethl and Oennpn Vemortal lundfor Rheumatolo Res¢•r¢h 115441 955 559.938 154%9al Cowoti¥esform¢hYMrtlftfiMh Net TSfer$ ment In berween funds AtOLOLJ9 At 3L1119 Unrtslld•dfvThl rxnernl fund Re#rtdèdfuTh1&' Oncolo8yand MPJ Furtd Shethel and Lnman moal fvjndfor 17,Q21 Pheumatolcgy Research 941 13.3931 TOTALFUNLS *661 Pryt 10
Bri h Friends of R mbam Medical C il d Statemen Financial A iesforth Y Det rEnd Èr 202 3L112D 3LIZ19 VoIry In¢x>n rx>natlon5 and Fundflsln8 Artlvltb G6ftAid L924 561472 Dep051tActount Interest Current Asset Investment Incom• Investmtnt I10s$1- unreallstd L576 14.1201 IZ5341 782 3,958 5.769 fvÉnts Lill6 Cash Aw8rt1s and fyants 9L520 Indtpndent examln•tlon Posta8e and ststlon•ry ertysln8 Surbdrf•s L157 Setr*L9rtal fees Bank th¥r8es Ci>mputercosts Insurance 3.810 &220 Trwel 8.721 Computerequlpment 124 124 N•t{•xp•ndiiml Ilnt4xne 17.1) Thls page does not fomi part of the ststutoryfirtanctal statements PaBe 11