REGisfERED CHARITY NUMBER: 1028061 ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 for The British Friends of Rambam Medical Centre 321 Accounts Limited
The British Friends of Rambam Medical Centre Contents of the Financial Statements for the Year Ended 31 December 2023 Page Report of the Trustees Ito3 Independent Examiner's Report Statement of Financial Artivities Balance Sheet 6t07 Notes to the Financial Statements 8tolO Detailed Ststement of Financial Attivities li
The British Friends of Rambam Medical Centre ort of the Trustees forthe Year Ended 31 Dernber 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Prattice ISORPI 'Accounting and Reporting by Charities, issued in March 2C5. REFERENCE AND ADMINisfRATIVE DEfAILS Registered Charity number 1028061 Principal address l Opal Court 120 Regents Park Road London N3 3HY Dlrertor Mrs Anita Alexander-Passe Trustees Ms Gabriella Alexander-Passe ACA, FCC4 (Hon, Treasurer) Mrs Samantha L Rose Independent examiner Mr Robert Sydney Jacobs 321 Accounts Limited
The British Friends of Rambam Medical Centre Re ort of the Trustees forthe Year Ended 31 December 2023 The trustees present their report wlth the financial statements of the charity forthe year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice {SORP} 'Accounting and Reporting by Charities, issued in March 2005. REFERENCE AND ADMINlSfRATtVE DEfAILS Registered Charity number 1028061 Principal address l Opal Court 120 Regents Park Road London N3 3HY Dlrector Mrs Anita Alexander-Passe Trustees Ms Gabriella Alexander-Passe AC& FCCA (Hon, Treasurer) Mrs Samantha L Rose Independent examiner Mr Robert SydneyJacobs 321 Accounts Limited Chartered Accountants 152 Coles Green Road London NW2 7HD Bankers CAF Bank Limited (The Charlties Aid Foundation) 25 Kings Hill Avenue West Malling Kent ME19 4JQ Page I
Britlsh Friends of Rambam Medical Centre
"&DOrt of the Trustees for the Year Ended 31 December 2023
PriTh£ipal 714iT(iIIIE SOLIr-.
The total incoming resources forthe year amounted to £842.314 (2022: £442,804). The princlpal fundino source¢
for the charity are voluntary donation Income, induding bequests and legacies, and interest income eamed on the.
charlY5 1 unts. The charfty earned interest lil Lhe yeai Oi El,800 (2022: £391).
The charlty contributed funds for the purchase of medical equlpment atthe Rambam Medical Centre amounting to
£770,245 (2022.. £509,800}. -,le funds wei r used to purchase ¢atheterizotion eqiJipmeilL i or the Heatri Hospital
and surgical equipment for the Paediatric Orthopaedic/Oncologv Department for children with bone cancer an(1
limb impairment. Key to the hospital is the Maintenan of the underground hospital for emergenc¥ medicine In
times of war. which ha5 also been u*d for intensive care of Datients with covld and other hithlv infectlous
disease
Investm¢ii4 Poli and obfje¢
Inde endent Examlner's Re rt totheTrustees of The British Friends of Rambam Medical Centre I report on the accounts for the year ended 31 Dember 2023, which are set out on pages five to ten. Responssbilities and basls of report As the charlty's trustees you are responsible forthe preparation of the accounts in accordance wtth the requirements of the Charltles Act 2011 l*he Act'l. I have examined yourcharity's accounts as required undersertion 145 of the Chartties Att 20111'the A¢t'). In carrying out my examination I have followed the Directions gtven by the Charity Commission under settion 14515llbl of the Act. My role is to State whether any material matters have come to my attention giving me cause to believe that in any material respert: accounting records were not kept as requlred by settlon 130 of the Act" or 2. the accounts do not atcord with those records: or 3. the accounts do not comply with the accounting requirements of the Act; or there is further inform3ti0n needed for a proper understsnding of the accounts. Independent examiner's statement Since the charitrfs gross income exceeded £250,000 your examiner must be a member of a body listed in 5ertion 145 ofthe 2011 ACL I confirm that l am qualified to undertake the examination because l arn è member of The Institute of Chartered Accountants in England & Wales IICAEWI. which is one of the listed bodies. I have tompleted my examination and have no concern5 in pect of the matters11} to14} listed above and, in connection with following the Direttions of the Charity Commt55ion I have found no matters that require drawing to your attention. Mr Robert Sydney Jacobs 321 Accounts knmited chartered Accountants 152 Coles Green Road London NW2 7HD November 2024 Page 4
The British Friends of Rambam Medical Centre Statement of Finan ial Activities for the Year Ended 31 December 2023 31.12.2023 Total lunds 31.12.2022 Total funds Unrestrleted luDd Restrkted fund Note INCOMING RESOURCES Incomlns resources from 8enerated funds Voluntary Income Glft Aid Investment Income Total Incomln8 resource5 427.552 66,790 1.929 496.271 344.000 771,552 60,790 444,447 2,043 346.043 1.642 442,805 842.314 RESOURCES EXPENDED C05t of 6eneratln8 funds C05t of generating voluntary Income Charitable Actlvltie5 Rambam Medical Centre Governance costs Other resources expended 48,207 48,267 6.481 420,245 615 17.711 344,WO 770.245 615 17.711 509,800 1.170 9.0¢8 Total resources expended 492.838 344,000 836.838 526,499 NET INCOMJNGIIOUTGOINGI RESOURCES 8EFORE TRANSFERS 3,432 2.043 5.475 183.6941 Net incomlng /loutgoingl resources 3.432 2.043 5.475 183,6941 RECONCILIATION OF FUNDS Total funds brought forward 41.161 69.847 194,702
The British Friends of Rambam Medical Centre Balance Sheet at31 December 2023 ai.12.2023 Total fvnds 31.12.2022 Total funds Unrestrlct fund Restricted lund Note FIXEO ASSETS Tangible assets CURRENT A5SErs Debtors Investments Cash at bank 1.255 1.255 42,582 74,596 118.433 1,255 42,453 69,235 112.943 42582 29,308 71A91 45,288 46,543 CREDITORS Amounts falling due within one year 11,9501 11.950} 11,9351 NET CURRENT ASSErs 44,593 71.891 116.484 111.008 TOTAL ASSEfs LESS CURRENT UABIUTI£S 44593 71,891 116,484 111,008 NET ASSETS 44.593 71.891 116,484 111.1)08 FUNDS Unrestricted funds.. i)ener81 fund 44,593 44,593 41.161 Restrlcted fvnd5'. Oncology and MRI Fund Rheumatology Research Oncology ER Lew15 Meanoma Research Fund TOTAL FUNDS 14 46.707 7.170 18.000 71.891 14 46,707 7,170 ,000 116.484 14 44,663 7.17n .000 111,¢J)8 44.593 The notes form part of these financial statements Page 6
- tsritish Friends of Rambam Medical Centre lancesheet at 31 December 2023- continued The financial statements were approved by the Board of Trustees on 12 November 2024and were signed on its behalf bb- Lts G Llexander-Passe FCA FCCA-Trustee Mrs A Alexander-Passe- Trustee EesTorm Darr orthese tinanclaf rtaiernents ¥age 7
The British Friends of Rambam Medical Centre Notes to the Financial Statements for the Year Ended 31 December 2023 I. ACCOUNTING POLICIES Accounting conventlon The financial statements have been prepared under the historical cost convention, and in accordance with the Financlal Reportin8 Standard for Smaller Entities (effettive Aprll 20081. the Charities Act 2011 and the requirements of the Statement of Recommended Prartice. Accounting and Reporting by Charities. Incomlng resources All incoming resources are included on the Statement of Financlal Activities when the charity is le8ally entitled to the income and the amount can be quantified with reasonable accuracv. Resour$ expended Expenditure 15 accounted for on an accruals basls and has been classlfled under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basls consistent with the use of resources. Grants offered SLJbjett to conditions which have not been met at the year end date are noted as a commltment but not accrued as expenditure. Tanglble fixed assets Depreclatlon is provided at the followlng annual rates in order to write off each asset over Its estimated useful Ilfe. Taxatlon The charity is exempt from tax on its charitable activities. Fund accounting Unrestritted funds can be used in accordance wtth the charitable objettives at the discretion of the trustees. Restritted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
The British Friends of Rambam Medical Centre Notes to the Financial Statements - continued for the Year Ended 31 December 2023 Z. INVE5fmE INCOME 31.12.2023 31.12.2022 Deposit account interest Current asset investment income Investment gain / (loss) - unrealised 1.8 2,043 129 391 1,671 3. TRUSTEES, REMUNERATION AND BENEFITS During the year, Mrs Anita Alexander-Passe. a trustee. was paid the gross remuneration of £9.000 {2022'. £8.2501 for her services 35 Administrator of the charity. There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. Instead of employing a fundraiser. Mrs Samantha L Road was paid as an independent fundraiser but is not paid as a trustee. 4. TANGIBLE FIXED ASSErs Equipment cosr At l January 2023 and 31 December 2023 DEPRECIATION 497 At l January 2023 Charge foryear At 31 December 2023 NFf BOOK VALUE At 31 December 2023 At 31 December 2022 497 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.2023 31.12.2022 Other debtors 25 6. CURRENT ASSET INVESTMENTS rhe investment comprises 18.547.751 income shares in The Charibond Charities Fixed Interest Common Investment Fund I'charibond'l, and 1,521.868 shareslunits in Charifund and are shown at market value at the balance sheet date. 7. CREDITORS: AMouKfs FALLING DUE WITHIN ONE YEAR 31.12.2023 31.12.2022 Other creditors Page 9
The British Friends of Rambam Medical Centre Notes to the Financial Statements- continued for the Year Ended 31 December 2023 & MOVEMENT OF FUNDS T¥4n5t•rs betwen funds At 0112023 lunds At 31.12.2023 unt•strirt•d funds." GeAeral fund Ro5trirted lunds: Oncol(>EY and MRI FuTrd At010¥ Rewrth ONCO£¥ ER Lewis Melanoma Research Fufid Total Ilèstrirted tunds 41.lfjl 197.432 2J8.593 14 14 44.563 7.170 18.0 69.147 2,043 46.700 7.17Q J8.lJQO 71.890 Z.Q45 TOTAL FUNDS 199 75 P4*t mov•ffl•nt in fvnds includ•d in the abo¥• ar• as tollows: IncominK resoiiTces R•source5 pendtd Movement iti fur¥ds Unr•rtricted fvnds". Goneral fund Aestrbrted fvnds: Rheumatolw Research Tho Cathv and Danny Rosonkranz Lewis Mèlinoma Research Fund L•¥f• Simons Nursin6 certificat fund Th• Palti and perfhai•n Centr• TQTAL FUNDS 690.271 1492,8381 197,432 2,043 50.(W ioo,Lh)o 2,Q43 I50,Cl Iioo,000Tr 115.0001 1179.0001 179,000 056 14 Compantives for m4Jv•mont in funds TTrnsf•rs between fufids Movement in fund5 AtJi.12.2022 Unrestricted fvnds: General fund Restritted hnds: oncobKy and IARI Fund RhOumatolo Ae5•arch oncok>gy EA L•WiS Melanoma R•5•arch Fund Totsl RestTirt•d funds 130.829 189.1681 41.161 14 40.689 17.170 12.0261 iio.oooi 18.0ty) 5.974 44.663 7,170 11.000 09,847 63,875 TOTAL FUNDS Page 10
The British Friend5 of Rambam Medical Centre Detailed Statement of Financial Attivities for the Year Ended 310ecember 2023 31.12.202Z3 31.12a022 INCOMING RESOURCES Voluntary Intome Donalions and FundraisingA(tViDes Gift Aid 771.552 66.790 838,342 4U.447 4WÈ.447 Inve5tmeni Income Deposrt Accgunt Interesr Current A5sei Investment Income Investment gain I Ilossl- unrealtsed 1.81)0 2,043 1?9 3.972 842.314 391 1.671 13,704) 11.642 442.805 Total incoming resources RESOURCES EXPENDED CO of generating voluntary in(ome Fundraisine COSES Charitable Activities Cash Awards and Granr5 Govemance c0515 Independent examination Bookkeeping 48.267 6.481 770.245 509.800 615 SCKJ 370 1,170 615 Support Costs Management Postage and staTionery Travel Athertising Srand hire Secretarial fees Websr(e Bank charoes 186 3,575 1.380 63 230 200 8.250 99 ?06 9.048 12,?31 106 233 17.711 Totèl resources expended 836.838 526,499 Net lexpenditurel / income 5,475 183,694) Net lexpenditurel l income Income Expendrture 842.314 836,838 5.475 442.805 526.499 83.6941 This page does not form part of the statutory financial statements Page 11