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 Inde￿ndent Eyamlnerfs Report Statefnent of ￿n￿dI1 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 A￿OuThts 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 N￿ember 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 In￿tees. the trustees shall ty to take into account the benefits ol appolntlng a person who. thrn￿h resIden￿, occupatIt￿, ern￿ov￿¢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 P￿ed 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 sour￿5 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 Inte￿st 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 Pa￿￿ts wth tn The finandal statements have been prepared under the hlstoriczl cost ¢4)nventlon, and in accordance with the Flnanci31 RePor￿n8 Stsndard f4ySmaller Entities leffertive Awil 20081. the charit￿5 Att 2011 and the requirements of the Statement of Recommended Prnth"ce, Accountlng and Repo￿n8 by thadtle5. Incomlni fuoufc•s All Incomin8 re￿￿rceS are Included on the Statement of Flnanclal Activlues wfften the chbrltyls le8alty entitled to the income ènd the amount can be quantlfied wlth rea$￿able xcuracv. Rwurc•s •XP￿d•d Expenditure is aceounted for an accruals basls and has been dassffled under headlngs that ag&re8ate all cost related to the cate80ry. Where costs cannot be dir￿￿ attributed to pafucular headln85 thèy havè been allocated to activitles on a l)asl$ consistent wSth the use of reS￿r¢¢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 DepreCIa￿On 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(￿u￿tIng 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 CUT￿nt 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 *we￿ntIn 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 P*sourc¥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 Cowo**ti¥esform¢hYMrtlftfiMh* Net T￿Sfer$ ment In berween funds AtOLOLJ9 At 3L1119 Unrtslld•dfvThl rxnernl fund Re#rtdèdfuTh1&' Oncolo8yand MPJ Furtd Shethel and L*nman ￿mo￿al 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 VoI￿ry In¢x>n rx>natlon5 and Fundf*lsln8 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 Indtp*ndent 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