REGISTERED CKARIry NUMBER: 028061 rt of he Trust and Unaudited Financlal Statements for the Year Ended 31 December 2022 Ish Ffl of Ram m Medlcal Centre 321 Accounts Limited Chartered Accountants 152 Coles &een Road London NW2 7HD
Tht Brltlsh Frlends h Flnand I
m•ntslor the Year Ended 31
Pa8e Report of theTrustees Ito3 Independent Examinerfs Report Statement of FIn(la1 Actmtles Balance Sheèt 6t07 Notes to the Flnanclal Statements 8tolO Detalled Statement of Flnanclal Acthirtles li
e Brltish Friends of Rambam Medical Trustee f the Year En(ted 31 DÈC mber 2022 The trustees present their report with the finandal statements of the charityfortheyearended 31 embei 20 The trustees have adopted the pl10n$ of the Ststement of RecfjmmÈnded Praui¢e ISORPI 'A Reporting by Charltles, issued In March 2(Xl5. ountin8 a REFERENCE AND ADMINISTRATIVE DEfAILS Re8lstertd Charlty numb 1028061 Prlndpal address l Opal Court 120 Re8ents Park Road London N3 3HY Trusté*5 Mrs A Alexander-passe Ms G Alexander-Patse FCA FCCA Mrs SL Rose Independent examlner Mr Robert Sydney Jacobs 321 Actgunt5 timlted Chartered Accountants 152 Coles Green Road London NW2 7HD Bank•rs rJF Bank Llmitèd rrhe Charltles Ald Foundatknnl 25 Kln8s Hill Avenue West Mallln8 Kent ME19 4JQ Page I
The BrIsh Friends of Rambom Medic31 Centre Re ortofth Tr r the Year STRUCTURE. GOVERNANCE AND MANAGEMEpir G(Nernln8 document The charity is controlle(I by its governi documenL a deed of trust and corstltutes an unbncorporated charlty. The charity was created by a trust deed dated 4 Novernber 1993 and was re8iStered wlth the Charity Cornmi5sion on 4 November 1993. The Charlty k a prwate charity controlled by its trustees. RÈcrultment and aPntment ot trust••s The Current trustees are constantty searchln8 for people who share the values and ideals of the charity and would make suStsble trustee5. In selecting peisons to be appointed as trustees. the tntgtees shall try to tske into account the benefits of appointing a person who. through idence. occupatlon, employment or otherwlse ha$ 5peclal knowledge of the area of benefft to make a contrlbutlon to the pursutt of the objects or the mana8ement of the charitv. New trustees shall bè appointed by a resdution of thÈtrustèÉs passed ata speaal meeting. There is also statutory power to appolnt new or additional trustees. where newary. The management and admlnlstratlon of the ¢harlty has been undertaken * Mrs Anlta Alexander-Passe. Rlsk mana8em•nt The trustees have a duty to Identtfy and revlew the rlsks to whkh the chartty Is exposed and to ensure approprlate ¢orttrols are In Pla to provide reasonable assurance against fraud and error. OBJEcfNES ANO ACTIVITIES Obleetl¥•s and alms The alms of the tharity are for the relief of slckne55 by the provision or improvement of medical facSlltles by the provSsion or improvement of medScal facilities and thè supply of equlpment to the Rambam Medical Centre in Haifa. Israel. During the year the tharfty recew a number of grants and donations which were used for the purpose of fundlnB the Pufchases of equipment for the Medical Centre. The other on80in8 fundraising activlties ¢arrfed out In the year by thetharity were sattaCt0ry. FINANCIAL REVIEW Reser¥es pollcy It is the charity's policy that unrestrlrted fuThlsthat have not been designated for3 special use should be malntained at a level e4uivalent to at least the next slx month'5 expendr(uie. ThE trustees conslder that reserves at this level will •n5ure th¥t. in thg. g.vpnt ol a sudd@n drop In fund& the Fiyjndation vrill be able to continue Its rrent level of atilvity whllst conslderatlon 8Nen to W3ys whith additional fund5 rnay be raised. Page 2
The Brit15h Frlends of Rambam Medkal Centre ofth rustees for the Y r Ended 22 Prfncipal fundin8 source5 The totsl incoming resource$ for the year amounted to £44180512021- £921.2871. The principal fu for the charity are voluntary donation intome, induding bequests and legacies. and interest income charity's funds. The chaiity èarned interest in the year of £39112021: £101. ding sourses arned on the The tharity contrlbuted funds for the purchase of medical equipment at the Rambam Medltal Cent £509,8CKJ12021.. £789,200. During the year, the charlty received two large donations expended fo Melanoma pledge5. Key to the h05pJtsI Is thè malntenartce of th under8round hospital for emer8e tlmes of war. whlch has alx) been used for InterVe care of paiients th ¢ovld and other highly Infe amounlln8 to Oncologyland ¢y medlcl e In ious dise ses. Inv•stm•nt poll¢y and obJertl¥es The Trustees have iftvested the assets of the Deslgnated Fund in The (haribond Charities Fixed Inter Investment Fund and in Charifvnd. The trustees hold the charfty's other funds with CAF Bank to minl 1055 to the charity. st Commo Lse rSsk and PLANS FOR THE FUTURE The charlty alms to pursue the rdid Of slckness through Its contlnued support ol the Rambam Me Haifa by the prOv19n otcritlcal medicalequlpmentflnancedthrou8h its fundralsin8aCtlvitles In the U The equlpmentour hospital uses refiertsthequalltyOthealttrKarelt provides. Each of Rambam'5 nine I rooms must be equlpped wth a Wall-mounted. Radiant Baby Wamer to re8ulate the envlronm transitlon from ihewomb. These Wall-mounted, Radiant Baby Wamrs VAII allow w-b0rnS to rem at their mothers. bedside when monitorin8 the babls vitsls, body temperature. and weighL ical Centre in Ited Kln8dom. bour-dellyery t durln8 the n comfort blv The charity has ongoin8 proiects in Paedkltric Orthopaedlc Oncolc£y for children with bone ca dlsfunctlon. support ol the High Risk Obstetrics Unlt and Heart Hospitsl etc All part of the campu5 Centre whlch Is a beacon for research and Innovatlon. cer and limb f the Medical Approved by order of the board of Itee5 on 23 Awst 2023 and si8ned on its behalf by: Ms G Alèxander-Passe FCA FCCA- Trustee Pa8e3
theT of m Methcal rtre I report on the acojuntsfor theyeareniled 31 Decber202Z whlth aresetout on pagw five to ten. As the tharlvs tn you are responslblefDrthe weparntlon ofth• irt aOrdanCe wlth th requlrements of the Charltles Art 2011 lhÈ ACVI. I have examlnedyourdwrkvs acc0th3$re9uOfed uTrdersectJon 145of thètharltlesAct2011 IACt, . In¢arryln out my emmlnatton I ha¥e folbwed the DkeLthns tythe Chkncomnknlon under 14 511bl of th My role Is to state whetherany Trthial m3tters have to my attenkn rm Se to believe materlal respect.. aettsuntlr rtcords w•r• not kept •$ requlred by s•cllon 130 ofthe A¢ or 2. the accwnts do notaccord th ttr records: or 3. the accottnts do nottompty wlth the acCoUnt5r requlrements of theAcL" or 4, there Is further Infommtlon needed fora proper ufiderstsnth of the accots. that In any Slnce the charW$ 8r(tss Inme ex¢eeded £250,W)your wmlner must be a memberof a body Itsted 145 of the 2011 Act. I confirm that l •rn qualified to undertake the txamlnaiion bec3tyse l am a memb Instttute of tharttrèd Accountarrts In Enand & Wales IICAEWI. wknkh ts one of the ltsted bodles. sectlon ofThe I have completed my exam1ft3tlon and corm In respt of th matter$11} to141 listed abo ttnnectJon wff¢h followingthe fAre¢Yons of the Charlty Commlsslon I have found no rnatteTS that requl to your attentltsn. and. In drawin8 Mr Rob Sydney jacobs 321 Accounts Limited Chartered Actountants 152 Coles fjreen R(d London NW27HD 21 W 2023 Pa8e4
The BrltSsh Frlends of Rambèm Medical Centre Statement of Financial Activltles For The Year Ended 31 December 2022 1.12.2022 Totsl . funds i 31.12.2021 Total funds Unre5trirted fund Restrirted nds Note INCOP4llN6 RESOURCES Incoming re0Ur from genernted funds Voluntary income Investment income Total incoming resource5 14.447 430.CQO 12,0261 427.974 444,447 1.6421 442,805 917.549 3,738 921,287 14,831 RESOURCES fXPENDED Cost of ¢en*ratin8 fvnds Cost of generatin8 voluntary Income Charltable Actlvltles Rambam Medical Centre Gov•rnanc• costs Other resources expended 6.481 6,481 87.8(X) 1,170 422,fJp) 509,80) 1,170 9.048 789,200 1,185 6,816 Total resourc¢s expended 104A99 422.000 526,499 797.201 NEf INCOMINGIIOUTGOINGI RESOURCES BEFORE ThANSFERS 189.66BI S,914 183.6941 124,086 Gross trJn5fers between funds Net Incoming Ilout8oin81 resources {89,6681 5.914 183,6941 124,086 RECONCILIAnON OF FUNDS Total funds brought forward 130.829 63.813 194,702 70,616 TOTAL FUNDS CARRIED FORWARD 41,161 697 194,702 The notes form part ofthesefinanaal statements Pa8e S
Tho Brlttsh Frlends of Rambam Me(k•l Certre Balance Sheet At 311)ecember 2022 3L12.202Z 31.1 .2021 Total luryls nds FIXED AsseTS Tanglble assets CURRENT ASS Debtors Inve5trnents Cash at bank 1.255 42,453 69,235 112,943 1.255 .157 ,390 42A53 27.394 69.847 41,841 CREDITORS Amounts falllng due wf(hin on• Cheques Drawn 119351 11.9351 ,io)I NET CURRENT ASSETS 41.161 69I47 lii.CQ8 ,702 TOTAL ASSETS LESS aiRREuf UA8ILmES 4L161 69A47 IIL008 ,702 NET ASSETS 41.161 69,847 lii,Q)8 ,702 FUNDS unStIcted funth: General fund 4L161 4L161 13 29 R•strlcted funds.. Oncolo8y and MRI Fund Sherbèl and Denman mem¢31 fund for Rheumatolo8y Research The Cathy aTrd Danny Rosenkrani Oncology ER Lewls Meanoma Rèsearch Fund TOTAL FUNDS 14 14 14 44,663 7,170 18,¢JM) 69,847 7.170 18,iJxi 111.008 ,170 41.161 ,702 The notesfonn part crfthèse financial statem•Ats Page 6
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The British FrSend5 of Ram am Medical C tes to h Financi I tatements for they r202 ACCOUNTING pouats A¢tIng conbwrtlon Thefinancial statements have been prepared under the htstorlol Cost convention, and in accordan Flnanclal Reponing Stsndard for Smaller Entities leffective Aprfl 2CM)81. the Charitles Act 2011 and t requlrèments of the Statement of Recommended Practi. Accountlr¥ and Reportlng by Charltles. wlth the Incom1•¥ resour¢es All incomlng resovrce5 are Included on the Statement of Flnandal Acilvltles when the ¢harlty Is le8al the income and the amount can be quanfftd with rea%able accuracy. entitled R•sources eMp•nded Expendlture Ss accounted for on an accruals basls and has been dasslfled under headings that a88 related to the cate80ry. Where Costs cannot be directly attrlbuted to partlcular headln85 they have to actlvftles on a basls consistent wtth thse of resources. te all cost en allocated Grants offered subject to condiuons whlth have not been met at the year end date ère noted as a not accrued as expendlture. mltment'b(rt TanBlbh Il¥•d as*ts Depreciation is provlded at the following annual rates in orderto wrfte off each asset over Sts estima ed usèfvl I fe. Taxatlon The charity 15 exempt from tsx on Its dwritsble actfvFlie5. Fund K¢ountlng Unrestrided funds can be used In accordance wrih the tharrIab objectives at the dtsuetlon of the t Restiicted funtls ¢an onty be used for Ponicwlar restricted purposes within the objects of the tharity. ustee5. Restrlctlons arise when sperfRd by the donor or when funds are rJlsed for particular restricted pur oses. Further explanatlon of the nature and purpose of each fund is Induded in the notes to th@ &nancial s atements. Page 8
Brltlsh Fr sofR mbamm Notes to the Hnandal Statem nts- Continued f rEn mber 2022 2. INVESTME14T INCOME 31.12.2022 31.12.2021 Deposit account Interest Current asset Investment Income Investment galn / (lo1- Unased 391 1,671 io 1,733 3. TRUSTEES, REMUNERATION AND BENEFirs Durlng the year, Mrs Anlts Alexander-Passe. a trustee. wo5 paid the gross remuneration of £8.2SO120 for her services as Admlnlsirator of the tharlty. There were no tsustees. e¥Se5 pald for the year e Oecember 2022 nor for the year ended 31 December 2021. 1.. £6,OC¥)I ded 31 4. TANGIBLE FIXED ASSETS Equlpme COST Al I january 2022 and 31 December 2022 DEPRECIATION 497 At l January 2022 Charge for year At 31 December 2022 NET800K VALUE At 31 December 2022 At 31 December 2021 497 5. DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.12.2022 31.1 .2021 Other dèbtor5 6. CURRENT ASSET INVESTMENTS The Investment comprlses 18,547.751 Income shares kn The Charit4)nd Charities Fixed Interest Commo Fund I'charibond'l. and 1,521.868 SharnIts In Charifund and a shown at market value at the date. Investm lance she 7. CREDITORS: AhV4)UNTS FAWNG DUE WtTHIN OP4E YEAR 31.12.2022 1.12.2021 Other creditors Pase 9
The Br[th Frlendsd Rambam Meth¢al Centre Note5 To The Financlal Statements . Cont1Thl For The Year Eryled 31 IYecembv2012 & MOVEME14T OF FUND5 M(fawnent In fuTh AtOL0ts022 .112022 Unrestirted fund¥ General fund Resirkted furhts: Oncol¢)8y and MRI Fund Sherbel and Denrnan MorIal fund fi>r Rhéurnatology Research The Caihy and Danny R05enkranz Oncology ER Laura Slrnons Nur$5ng Certiftcates Fund Lewls Melaryoma Rgs¢•rch Fund 130829 189.6681 41.161 14 14 12,0261 44.663 17,170 IIOAY)) 7,170 I8.(7 5.974 18.000 s97 63Jn TOTAL FUNDS lii,(W)8 Nèt mov•m•nt In fund5 Indd Fn tr h ave •sIdIo. IOrnI R•sources emèrrt n lund5 Unrostkn¢d fvnd5: General fund R•strICt tunds: Ontology and MRI Fund Sherbel and Denman Memorlal fund for Rheurnatology Research The Cathy and Danny Ros•nkrnnz Oncolo8y ER Laura Simons Nurslng CertlAcates Fund L•wi5 Melanorna Rèsearch Fund TOTAL FUNDS 14J31 189,6681 12.026) 12,0261 215,&YJ 15,( ?1.(#)0 441,9)5 I225,)> 115,th)1 1182,¢ml 1526,499 18.000 183.6941 Comparokn for nMJvement In Mrylement In fuThts At OLOU021 At3 12.2021 Unrtstl£t•d fvnds: General fund Restrlrted fvnd5: On¢olog¥ and MRI Fund Sherbel and Denrnan Memrièl fund for Rheumatology Research Cathy and Danny Rosèftkrnnz Oncolo8y ER 245 106Wi 30.829 14 14 46.689 17.170 17A55 17,170 63,873 TOTAL FUNDS 70 124.fA6 94.702 Pa8e 10
The Brltlsh Frlends of Aarnm Medkal Cerrtre Detalled Statement of Financial Arti¥ibes ForThe Year Ended al De¢ember 2022 3L111012 31.12.1021 INCOMING RESOURCES Voluntary IoMe Donations and Fundraising A¢twlS 444A47 792,255 125,294 917.$49 Glft Abd 444A47 In¥estmint I1K DeKX)slt Account Inte5t Current Asset Investment IrKome Investment Raln I I11)5$1- unreallsed 391 1.671 3.7041 11.642 442x15 io 1,733 3,738 921,287 Total Fncomln8 rsowce5 RESOURCES EXPENOED C05t of 84n•ratlwd volw)tary IN>rne Fundraislng costs Ch•rlt4bl• Artb¥llles Cash Awards and Grants GOV•rnCe costs Independent exarnlnatlon Bookkeeplng 6MI 789.200 385 370 1.170 1.185 Support Q)Sts Manag•rnent Postage and statlonery Athertlslng Stand hl Secretarlal fees Webslte Bank ch8rges Oepreclatlon 116 230 211) 8.250 206 181 125 616 Hnont• Cornputer equlpment Tot•l r•wrrns •ynd•d 797201 Nat lexpendltyrel I IrKome 124.086 rhls page does not form part ofthe ststutory ftnancial 5tstements N•t l•xp4ndiwr•l I Incomè Income Exp¢Trdf(ure 442,805 526.499 83.6941 921287 797.201 124,086 Page 11