Re rt of the Trustees and Unaudlted Hnanclal Ststements for the Year Erbded 31 December 2021 Th Brftlsh Frfends of Rambam Medl¢al 321 AcC￿nts Llmlted Chartered A(￿unts￿ts 152 Coles Green Road London NW2 7HD Th• Brltlsh FrI￿d$ af nt￿ts ofthe Hna lal St•tom fvrthe Y•arEnded 31 Page Report of the Trustees Ito3 Independent Examlnerfs RepLYt ststement of FIna￿la1 kll¥ftle5 Balance Sheet 6t07 Notes to the Flnandal Statements 8tolO Detalled Statement of Rnandal Advltles li The British Friend5 ￿ Rambam Medical Centre Re ort ofthÈTrustee5 for theyear Ended 31 Decemter 2021 The trustees present their reportwith thÈfina￿I0l slatemfmtsofthe charityforthe yew ended 31 Deeember 2021. The trustèes have adopted the pro￿￿on5 of the Statemert of RecffilmerK￿ Prnttice ISORPI 'Ac¢ountlng Reportlng by Cha￿￿eS, Issued In March 2(Xl5. REFERENCE AND ADMINISTAATNE DETAILS Rellstered number 1028061 Prfn¢lpal addr•55 l Opal Court 120 Regents Park Road London N3 3HY Trust••s Mrs A Alexander4lasse M5 G ￿eX3nder.patsÈ FCA FCCA Mrs SL Rose Independent eyamlner Mr Robert Sydney Jacobs 321 Accounts Llmlted Chartered Accountsnts 152 Coles Green Road London NW2 7HD Bankers CAF Bank Umlted (The Charltbes Aid FouThlationl 25 Kirw Hill Avenue West Malllr48 Kent ME19 4JQ Page I The B￿tISh Frlends of Rambam Medlcal Centre crt ofthe Truste￿ for the Year Ended 31 mber 2 STruCrL￿E, GOVERNANCE AND M￿lAGEmE￿r Govtrnln8 d￿Meftt The charity is controlled by its gr￿em￿r4 d￿lMert a dee£l of trUSL and constttutes an unincorporated charity. The charity was created by a trust deed dated 4 Ncvemter 1993 and registered with the Charity Commission on 4 November 1993. The Charlty Is a wvate chartry controlled by Its trustees. RKrultm•tt and appolntment of neW1n￿te•S The current trustees are constanyy searchin8 for people WI￿ sharè the values and ideals of the charity and would make sultsble trustees In seletting persons to be appointed as trustee5. the trustees shall ty to take Into account the benefits of appolntlng a person who. thrO￿h residence. orcupation. emplownent or othernlse ha5 spetlal knowled8e ofthe area of benefit to make a contylbjtlon to the PUTSUrt of the (￿jects or the management ofthe charlty. New trustees shall be appolnted by a resolutlon dthe trustees passed at a 5pedal ￿etIng. There Is also statutory power to appolnt new c* ad¢Monal trwte4 where r*cesw. The management and admlnlstra1l￿ ofts tharbty has been undertaken by Mrs Anlts ￿eXandLy-Pa￿e. Rlsk m•nag¢m¢nt The tyusteès have a duty to Identify •nd rv4lèwthe rlsks towhlth the tharlty Is e¥posed and to ensure approprlate ontrds are In place to prcwlde ￿050￿able asyjrance agalnst fraud and 6Yror. OBJEcfivES AND ACTNMES Obl•rtfves and *lms The alms of the tharity are forthe relief of sl¢krw bythe wovislon ￿ Imwovement of medlcal facllltles bythe provisi￿ or Improvement of medlcal facllities and the suppty of equlpment to the Rambam Medlcal Centre In Halfa. Israel. Durln8 the the charlty Tecelved a number of wants and donations whlch were used for the purpose of fundir4 the purchases of equiFmentfor the Medlcal Centre. The other orqolrq fundralslng actl*Atles carried out in the year by the thafftywere satisFactory. FINANCIAL REVIEW Reserves pollcv Itls the charity's polkythat unrestrtcted funds that not been deSI￿ated fLY a special use should be malntalned at a level equivalentto at leastthe nextsix month's expendityre. The trustees considerthat reserves atthi5 level wlll ensure that in the event of a sudden drop In fijndw the FoUnda￿on wll be able to contlnue its current level of actI￿ty whllst cOnsdern￿on 1$ 8r¥*n to ways in which addltional funds may be ralsed. Pa8e 2 The British Friends of Rambam Me(fical Centre Re rt of the Trustees for the Year Ended 31 DKember Prlndpal fundlng swhres Thetotal I￿￿11n£ resources fLY the Year￿￿ounted to £92L2871202tr. ￿59.938). The wlnclpal fundlng sources for the charity arevoluntary d￿ati(ffi I￿orne. 1ndwli￿ bewests and leg&*s. al￿ interest income earned on the charity's funds. As a result of the red￿ed funds hdd on dÈposit. at)d kAver intèrÈst ratès. the charity earned interest in the r4ar of £1012020= £10). The Char￿ contrlbuted funds forthe purchase of medlcd equlpment at the Rambam Medlcal Centre amountln8 to £789,2c(112020.' £539,5c(Il. The fijnds were usÈd to wrthasÈ cathetultstlon ÈqUiFthent for the Heart Hospltal and 5ur8l¢al equlpment for the Paedl•tri¢ Orthopaedlcloncdogy Department fLY ¢hlldren wlth b)ne can¢er and Ilmb impalmient. Keyto thè hostytsl is the maintenarbCÈ of thè undergrt)und hospltsl fty emerg•nty medlcirtè in tlme$ of war, whlch has also been used for Int￿￿r4ec1re OF patierltswith cv4Sd and other h￿lY Infectlous dlseases. In￿StMant pollty and obl¢¢tlv•s The Trustees have invested the assets of the Dewated FurKI In The tharIb￿d Charitles Fwd Interest Common Investment Fund and In Charlfund. The trustees hold the tharlty's otherfvnds wlth CIF Bank to minimise risk and loss to the Cha￿ty. PLANS FOR THE FimlRE The charlty aims to pursue the rellef of slckness thrixqh hs t￿tinUed supm d the Rambam Medical Centre In Halfa bythe proM4on of ryttlca medlcal equlpmerrtflnancedthrou8h ltsfvndralsln8a¢¥vllles In the Unlted Kln8dom. The equlpment our hospltal use5rellectsthequaltyof heatthcarelt pruddes. Each of Rambam's nlnelabour4elivery rooms must be Èqulpped wfth a Wallrfnounted, Rathant Baby Wam)er to regulate the envlr¢)nment dudn8 the tTan51tlon from the womb.These Wa114nounted, Radlant Baby Wam*rs ¥AII albw new-bornsto remaln comfortably at thelr mother¥ bedslde when m0nbt0rl￿ the baWsvbta15. bodytemiwJture. arKI wel8hL The ¢h¥lty has oreoing wojects In Paedlatric Ortho￿d7C OrKology fLY thlldren wlth bone cancer and Ilmb dlsfvnctlon, wpport of the Hrgh Risk Ob5tetrlcs Unit and Heart Hospltal etc. All pat of the campu5 of the Medlcal C•ntre whi¢h is a beacon for re5ewch and 1Th￿vatIOn. Approved by order of the boar(l of tru5tee5 on 26 October 2022 and s*ned on lis behalf by". Ms G Alexander-Passe FCA FCCA-Trustee Page 3 Ind dent Exarninerf5 Rè rttotheTTUStees ofThe Friwds Aambam Medical I re￿￿ on the accounts forthe yeareThled 31 Deomber 202L TNthIth ¥eset out on pages fvetoten. R•4)onslbThl¢s and bosts olY•pf*t Asthe thartty's trustees you are re5pOnsib￿forthe preparntion of theaccounts in •ccordance with the requlrements of the CharftlesACt 2011 ltr*Arf). I haveÈxaminedyourCharf￿SI(￿oUnts?S re4utred undersectltsn 145of theU*iTEiesAct20111'theA&I. In carryln8 put my eyarnlnatlon I have followed the Dlrectk>n5 8l*n by the Chartty Commlsslon under stttb)n 14515llbl of the Act. My roie is to 5tatr whether any material matt¥s coffle to my attenthn eMn8 me cause to beliele that In any materlal re5pect- acwuntlng records were not kept as reqUfj￿ by secilon 130 of the Act. or 2. the accounts do not accord those le￿rds. or 3. the accounts do not comply wilh the ac¢otsn￿￿ fequtrements oftheA¢ or 4. there ts fvrth•r informatlon needed fora propw underst•ndln8 of theaccounts. Ind¢pwd•tt exarnknerfsstst•m Slnce the thartys gross ¢xteedÈd £2SO,CO))wexarnlner must be a m•mb•r of a b)(ty Ilsted In sectioii 145 of the 2011 ACL I confinTh that l am qualified to undertske the wrninotlon beou5e l affl a member of The Instiiute of thartered Accountants E￿nd & Wales IICAEWI. whlth15 one of the115ted bodles. I have completed my examinètlon •nd have no concerns in rupert ofthe mattws111 trJ141 Usted Jboveand, Irs connectlo h followin8the Olredlon5 of the Chartty CommÈsSon I h￿f￿n& no matters that requlre draw to your Mr Roberts ey Jacob5 321 Accounts Limited charte￿ Accountants IS2 Cole5 Green Road London NW2 7HD The British Friends OF Ram am Medical Centre Statement of Financfial ￿t￿ltIeS for the Year Ended 31 Detynber 2021 3112.2021 31.12.2CQO Totsl Totsl funds funds UnrestrlLtsd Restrtcted fund fvnds Note INCOMING RESOUP In¢omlhv4 resourr•s fromg•n*rntEdfw Voluntary Income Investment Income Tot)I Incomln8 resoiirces 131422 784127 917.549 561472 534 559.938 14432 787,855 924287 RESOURCES EXPENDED C051 of B•n•r•tln8lynds Cost of generatlng voluntaryln(ryne Ch•rft•bl• A¢llvltl•J R¥nbam Medical Cent Oth•r ye￿￿￿te3•xp•ndtrd 816 816 Totsi r•souff4s•xp•nded NET INCOMIN6IIOUTfj(MN61 IIESOUKES 8EFORETRANSFÉRS S Q955 fjr0￿ trsnsfeTr between funds Net Incomln811out8oln81 reSOUTQ5 231 17.855 I24￿6 955 RECONCIiIAmN OF FUNOS Total funds broughtforward 616 56,f61 TOTALFUNf6cARRIEDFOIWARD The notesform partof these financial statements Pages The Bfftlsh Fflends rfRambam Medlcal Centre Balan￿ Sheet at 31 De￿mber 2021 3L12.1121 31.113no Totsl Totsl funds funds lJ7restrfttÈd Restrltted Thj funds Tangible a55ets CURRENT AS5eTS Debtors L255 L255 Invemments 157 46,S7 149. Cash at bafik 13L￿4 17.n6 929 63,m 7L Amountsfalllngdue wlthln one ￿lT 12,ICIl 16151 NET¢XIliYEl￿ ASSET5 ,829 63.8T3 ￿4.?02 XJ.491 TOTALASSETSiE55CURRENTu*JiunES 829 0873 ￿.?￿2 ,616 FUNDS Unrestlcted fund5: General fund 24.598 Restrlcted funds: OnoJ108y and MRI Fund The Cathy and t*nny R05enkRnz Oncolo8y ER Sherbel and Denrnan ￿l￿rial fundfor Rhtrurnatolo￿ Research 14 14 17,170 17,170 TOTAL FU14DS 74616 The notes fomi part ofthesefinandal statenwits Page 6 The British Friends (A Rambam ￿1(81 Centre Balance Sheet at 31 D r2021- The financkl statements apwoved bythe 8wd o[Tr￿tee5 on 26 Octobtt 2022 and were I8ned on Its behalf bv: Ms G AexandeT-Passe FC4 KCA-Trustee ,I,GMdLf, ( Mr5 A Alexander.Passe-Tru5tee The note5 forni part ottheseflnan(aal statrments e7 The Brltlsh Frtends of Rambam Medical Centre Notes to the Financtal Statements f r the Year nded 31 D￿mber 2021 I. ACCOUP4TIIIG pouaES countlng convendon The fftnancial statements have been prepared underthe h15torfcal cost conventson, and In accordance vAth the Financial Rep¢JrtSng Standard for gnaller Entftles leffÈctive April 2(Thl. the tharitles Art 2011 and the requlrements ofthe Ststement tsf Recommended Prth. Account1￿ and by Charitles. IncomlnR resouvr•s All Incomlng resources are Included on the Ststement of Financlal Actlvltles when the ¢harlty15 legallyentitled to the Income and the amount can be quanttfied with reasonable accwacv. Expenditure Is attounted for on an accruas basls and has been d¥sslfied under ￿adIr¥ that a8aregate all cost lated to the cats80ry. Where costs camot be dreclty attrlbuted to partlcular head1￿% they have been allocated to a¢tivltJes on a basis consistent wlth the use of re50W Grants offered sublert to condltlons W￿th have not been met at the ye¥ eThl date are noted as a conmltment but not accrued Js expenthture. T4￿1b￿ flx•d ass•ts Depreclavon Is kyoylded at the fo11tr*l￿ amual rates In orderto *Tlte ¢)ff each asset over Its estlmated useful lif•. Taxatlon The charlty Is exempt frcrfn tsx on its dwritsble a¢iMIIo& Ful￿ •c¢ountlnq Unrestrlcted fvnds be used In accordance with the tharltsble oblectfves at the discretion o*the trustses. Re5tsictsd funds can only be used f(Y partknd¥ restricted wrposes wlthin the objects of the tharlty. Restrictlons artse when specfified bythe donorer WI￿ fvnds are r•sed for particular restrkttd purposes. Further explanatlon of the nature and purpose of each fund Is Indu(kd Sn the notes tothe financial statements. Page 8 The Bri . h Friend5 OF Rambam Medical Centre Notes to the Finanoal Statements- continued for the Year Ended 31 2. INVESTMENT WCOME 31.12.2021 31.12.2020 Depostt account Interest Current asset Inveslment IrKI)me Investment 8aln I Ilossl- unreallsed io I,n3 995 io 1,576 3. TIIUSTEES. REMUNERATION AND BENEFITS Durlng the year. Mrs Anlta Alexander-passe, a trustee. was pald tt* gro￿ remuneratlon of £6,CO)12020'. £3,7CQI for her servlce5 as AL*nlnlstrator of t￿ tharlty. There were no trustees, expenses paid forthe year ended 31 December 2021 nor fry the ￿ar ended 31 Dttember 2020. 4. TANGIBLE FIXED ASSETS Equlpment COST At l January 2021 and 31 December 21rai DEPRECIATION 497 At l January 2021 Charge for year At 31 December 2020 NFf BOOK VAWE At 31 December 2021 At 31 DecLM)ber 2020 372 12 5. DE8TOR5: AMOUIIT5 FAWNfj DUE wm114 ONE YEAR 31.12.2021 3L12.2020 Othèr debtus 6. CVRRENfASSET IN￿sTmENTs The investment comprises 18.547.751 sho￿$ InTheCharfbond thartiles ￿Xed Interest Common Invesbnent Fund I'charlbond'l. and 1.521.868 Shar￿Unt￿ In Ch¥tfuThJ and are sh￿•M at market value at the balancè sheèt date. 7. CREDrroR&' pmoupirs FAiLP4G DUE wrrHIII 0￿ YEAR 31.12.2021 31.12.2020 Other Creditors e9 The 8ritish Friends of Rambam Methcal to the financlal Statements- continue forthey 31D ber 2021 & MOVEMENT IN FUNDS Net Tnnsfe *%ement In between AtOLOL2021 funds funds At 3L112Q21 unr•SWrt•dfyN￿. Generdl fund 4231 Restrt¢t•dfund&' OnwI￿and W¢1 Fund ShÈrbel and Oenman Memorfal fund for Rheumatology Researth The Cathy and Danrty Rosenkranz oncolo￿ ER 17.170 17,1 873 TOTALFUNtIs 702 Pl•tnv4•m•rtln fundj IrKlUd￿ Inth•abtyrtx• xfdlo*%" In(omln8 Resourt*s fES¢yJrr*s èxpended Movement Inlunds 11nr•￿1ct•d lurdfv" General fund ft•strttt•d lynds., Sherfoel and Denman ￿MO￿lI fvnd for Rheumatolo￿ ￿SearCh Th• Cathy and Danny RosenthTrni Onwlo8y ER 1SJ,432 127,2 IC4231 7¥170 767,Cthl 924117 [7972￿) 17,170 Net Transfe mertln between funds AtOLOL At3112.20 Unr•sll¢t•dfuTrl&" General fund 499 Restrldedfun¢ts: Oncolo8y and MRI Fund Sherbel and Oenman Memortal fvnd for Rheumatology Rese•rd) 14 IioJ)I TOTALFVNCIS 616 Pa8e 10 The British Friends of R3mbam Medical Centre Detailed Statement of Hnancial Acbvittesfor the Year Ended 31 C*cember 2021 Voluntvy Intome Oonatlons and Fundr*51n8A¢tlvlll•s Glft Ald 917.549 561472 Deposlt Account Interest Current AS$et Investmeni Income io L735 995 LS76 14,12UI IIS341 Invesunent 8aln / Iloul- unrtails¢d RESOURCES expENDED Events ch￿tsb1• A￿1￿¥•¥ Cash Awards and Granty 789.XX) 539,50) Irbd•p•nd•nt examlnatbon 8ookk••pln8 L185 Supportt4Xts m￿l￿￿nt Po$ts8e and statlonery Advertlsln¥ Sundrles 116 Seuetsrl•l tees Bank ¢har8es WebsltÈ 3,810 Insuranc• Travel 691 Fln•nc• Computer equlpment Total fesouvc•s exp•nd•d 7Y7.X)1 5449tJ P4•tl•xp•ndltw•l I1￿•Th Thls pa8e does notform part ofthè statutoryfinaKial statements Pa8e 11