REGISTERED CHARITY NUMBER: 1028061 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2024 for The British Friends of Rambam Medical Centre 321 Accounts Limited Chartered Accountants 152 Coles Green Road London NW2 7HD
The British Friends of Rambam Medical Centre Contents of the Fjnanclal Statements for the Year Ended 31 December 2024 Page Report of the Trustees Ito3 Independent Examiner's Report Statement of Financial Attivities Balance Sheet 6t07 Notes to the Financial Statements 8tolO Detailed Statement of Financial Artivities li
The British Friends of Rambam Medical Centre ort of the Trustees for the Year Ended 31 December 2024 The trustees present their report WFth the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Prartice ISORPI 'Accounting and Reporting by Charities, issued in March 25. REFERENCE AND ADMIN15fRATIVE DEfAILS Registered Charity number 1028061 Prlncipal address l Opal Court 120 Regents Park Road London N3 3HY Trustees Ms Gabriella Alexander-Passe FCA, FCC4 (Hon, Treasurer) Mrs Samantha L Rose Mrs Anita Alexander-Passe Independent examiner Mr Robert Sydney Jacobs 321 Accounts Limited Chartered Accountants 152 Coles Green Road London NW2 7HD Bankers CAF Bank Limited {The Charities Aid Foundation) 25 Kings Hill Avenue West Malling Kent ME19 4JQ Page I
The British Friends of Rambam Medical Centre Re ort of the Trustees for the Year Ended 31 December 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by tts governing document, a deed of trust, and constitutes an unincorporated charity. The charity was created by a trust deed dated 4 November 1993 and was registered with the Charity Commission on 4 November 1993. The Charity 15 a private charity controlled by its trustees. Recrultment and appointment of new trustees The current trustees are constantly searching for people who share the values and ideals of the charity and would make suitable trustees. In selecting persons to be appointed as trustees, the trustees shall try to take into account the benefits of appointing a person who. through residence. occupation, employment or otherwise has special knowledge of the area of benefit to make a contribution tothe pursuit of the objets or the management of the charity. New trustees shall be appointed by a resolution of the trustees passed at a special meeting. There is also statutory power to appoint new or additional trustees, where necessary. The management and administration of the charity ha5 been undertaken by Mrs Anita Alexander-Passe. Rlsk management The trustees have a dutyto identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. OBJECTIVES AND AcllviTIES Objectives and alms The aims of the charity are for the relief of sickness by the provision or improvement of medical facilities by the provision or improvement of medical facilitie5 and the supplyof equipmentto the Rambam Medical Centre in Haifa. Israel. During the yearthe charity received a numberof grants and donations which were used for the purpose of fundingthe purchases of equipmentforthe Medical Centre. The other ongoingfundraising activities carried out in the year by the charity were satisfactory. FINANCIAL REVIEW Reserves policy It is the charity's policy that unrestrirted funds that have not been designated for a special use should be maintained at a level equivalent to at least the next six month's expenditure. The trustees consider that reserves at this level will ensure that, in the event of a sudden drop in fundin& the Foundation will be able to continue its current level of activity whilst consideration is given to ways in which additional funds may be raised. Page 2
The British Friends of Rambam Medical Centre Re ort of the Trustees forthe Year Ended 31 December 2024 Principal funding source5 The total incoming resources ft)r the year amounted to £262,549 {2023-. £439.659). The principal funding sources for the charity are voluntary donation income, including bequests and legacies. and interest income earned on the charity's funds. The charity earned interest in the year of £1,53212023- £1,800}. The charity contributed funds for the purchase of medical equipment at the Rambam Medical Centre amounting to £255,55612023: £367.7201. The funds were used to purchase catheterization equipment forthe Heart Hospital and surgical equipment for the Paediatric Orthopaedic/Oncology Department for children with bone cancer and limb impairment. Key to the hospital is the maintenance of the underground hospital for emergency medicine in times of war, which has also been used for intensive care of patients with covid and other highly infettious diseases. Investment policy and objectives The Trustees have invested the assets of the Designated Fund in The Charibond Charities Fixed Interest Common Investment Fund and in Charrfund. Thetrustees hold the charity's otherfunds with CAF Bankto minimise risk ana loss to the charity. PLANS FOR THE FUTURE The charity aims to pursue the relief of sickness through its continued support of the Rambam Medical Centre in Haifa by the provision of critical medical equipment financed through its fundraising activitie5 in the United Kingdom. The equipment our hospital uses reflects the qualityof healthcare itprovides. Each of Rambam's nine labour-delivery rooms must be equipped with a w311-mounted, Radiant Baby Warmer to regulate the environment during the transition from the womb. Thesewall-tnounted, Radiant Babywarmers will allow new-bornsto remain comfortably at their mothers. bedside when monitoring the babvs vitsls. body temperature, and weight. The charity has ongoing projects in Paediatric Orthopaedic Oncology for children with bone cancer and limb disfunction, supportof the High Risk Obstetrics Unit and Heart Hospital, all part of the campus of the Medical Centre which is a beacon for research and innovation. ADproved by order of the board of trustees on 9 December 2025 and signed on its behalf by- Ms G Alexander-Passe FCA FCCA- Trustee Page 3
Inde endent Examiner's Re ort to the Trustees of The British Frlends of Rambam Mediol Centre I report on the accounts for the year ended 31 December 2024, which are set out on pages five to ten. Responsibllltles and basis of report As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act'j. I have examined your charity's accounts as required under5ettion 145 of the Chartties Act 2011 {*he Att,). In carrying out my examination I have followed the Directions given by the Charity Commission under settion 14515}{bl of the Att. My role is to state whether any material matters have come to my attention giving me cause to believe that in anv material respect: accounting records were not kept as required by section 130 of the Act- or the accounts do not accord with those records: or the accounts do not comply with the accounting requirements of the Act; or there is further information needed for a proper understanding of the accounts. Independent examiner's statement Since the chariWs gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of The InstitLrte of Chartered Accountants in England & Wales IICAEW), which is one of the listed bodies. I have completed my examination and have no concerns in respect of the matters111 to {4) listed above and, in connection with followingthe Directions of the Charity Commission I have found no matters that require drawing to your attention. Mr Robert Svdneyjacobs 321 Accounts Limited Chartered Accountants 152 Coles Green Road London NW2 7HD 9 December 2025 Page 4
The British Friends of Rambam Medical Centre Statement of Financial Activities for the Year Ended 31 December 2024 31.12.2024 Total funds 31.12.2023 Totsl funds Llnrestricted frjnd Restricted fund Note INCOMING RESOURCES Incomin8 regouices from seneratod funds Voluntary Income Gift Aid Investment Income Totsl incoming re50urcés 120.529 22,071 1,371 143.970 116.300 236.829 22,071 3,650 262.549 369,026 66,790 3,972 439,788 2,279 118.579 RESOURCE5 EXPENDED C05t of 8eneratinE funds Cost of generating voluntsry income Charitable Activities Rambam Medical Centre Governance costs Other resources expended 5.264 5,264 48,?67 148.834 600 33,259 106,722 255.556 600 33,259 367,720 615 17,711 Total resources expended 187.956 106.722 294.678 434.313 NET INCOMINGI(OUTGOING} RESOURCES BEFORETRANSFERS 143,9861 11,857 132.1291 5.475 Gr055 transfers between fvnds Net incoming Iloutgoingl resources 143.9861 11.857 132,1291 5,475 RECONCILIATION OF FUNDS Total funds brought foard 44,593 71,891 116,484 111,008 TOTAL FUNDS CARRIED FORWARD 607 83.747 84.354 116.484 The notes form Dart of these financial statements Page 5
The British Friends of Rambam Medical Centre Balance Sheet at 31 December 2024 31.12.2024 Total funds 31.12.2023 Total funds UnTestrl£ted fund Restricted fund Note AXEDASSETS Tangible assets CURREN[ ASS5 Debtors Investmerits Cash at bank 1.255 1,255 42,421 43,409 87,085 L255 42,582 74,596 118A33 42.421 41.326 83,747 2,083 3,338 CREDITORS Amounts falling due within one year Cheqtjes Drawn 12,7311 12,731) 11.950) CURRENT ASSET5 607 83,747 84,354 116,483 TOTAL ASSETS LESS CURRENT UABILITIES 607 83,747 84,354 116,484 NET ASS5 fj07 83,747 84.354 110,484 FUNDS UnrestfFCted funds: General fund 607 607 44,593 Restiicted funds: Oncology and MRI Fund Laura Simoii s Nursiftg Certlficates Rheumatology RAJearch 14 5,IXJO 48.985 14 5.000 48.985 14 46,707 The Cathy aiid Danny Rosenkranz Oncology ER Lewis Melaioma Research Fund TOTAL FUNDS 7.170 7.170 7.170 22.578 22,578 18,000 607 The notes form part of these financial statements Page 6
The British Friends of Rambam Medical Centre Re ort of the Trustees for the Year Ended 31 December 2024 Balance Sheet at31 December 2024~continued The financial statements were approved by the Board of Trustees on 20 November 2025 and were signed on its behalf by-. Ms Gabriella Alexander-Passe FCA. FCC4 {Hon, Treasurer) Mrs A Alexander-Passe - Trustee The notes torm part of these financial statements Page :.
The British Friends of Rambam Medical Centre Notes to the Financial Statements forthe Year Ended 31 December 2024 ACCOUNTING POUCIES Accounting convention The financial statements have been prepared under the historical cost convention. and in accordance with the Financial Reporting Standard for Smaller Entities leffective April 2008), the Charities Art 2011 and the requirements of the Statement of Recommended Prattice, Accounting and Reporting by Charities. Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that ag®ate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Taxation The charity is exempt from tax on its charTrtable attivities. Fund accounting Unrestricted funds can be used in accordance with the charrtable objettives at the discretion of the trustees. Restricted 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. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2. INVEsfMENf INCOME 31.12.2024 31.12.2023 Deposit account interest Current asset investment income Investment gain / (loss) - unrealised 1.532 2,279 161 1,800 129 Page 8
The British Friends of Rambam Medical Centre Notes to the Financial Statements- continued forthe Year Ended 31 December 2024 3. TRUSTEES, REMUNERATION AND EXPENSES During the year, two trustees12023: two) received remuneration for sep4ices provided to the charity. Both trustees are paid through the charity payroll. Mrs A Alex3nder-Passe, a trustee. received £9,000 {2023- £9,000) for services provided as Administrator of the charity. Mrs S Rose, a trustee. received £20,26212023.' £37.0001 for Services provided as a fundraiser. All remuneration was permitted under the charrt(s governing document and was properly authorised by the board of trustees in accordance with the Charities Act 2011. Relevant conflicts of interest were declared and managed. No trustees received reimbursement of expenses duringthe year12023: none). There were no other related-party transactions involving trustees during the year. 4. TANGIBLE FIXED ASSErs Equipment cosr At l January 2024 and 31 December 2024 DEPRECIATION 497 At l January 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2024 At 31 December 2023 497 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.2024 31.12.2023 Other debtors 6. CURREMf ASSEf INVEsfMENTS The investment comprises 18.547.751 incomeshare5 in The Charibond Charities Fixed Interest Common Investment Fund I'charibond'l, and 1,521.868 share5/units in Charifund and are shown at market value at the balance sheet date. 7. CREDITORS: AMOUNTS FAILING DUE WITHIN ONE YEAR 31.12.2024 31.12.2023 Other creditors Page 9
The British Friends of Rambam Medical Centre Notes to the Financial Statements- continued forthe Year Ended 31 December 2024 Nei M¢Nemènt in fuTrds AtOLOIQ024 hJrK15 At 31.112024 Genoral fund H593 1439861 607 Oncob>i znd MRI Fund and DennN8n Memorial fur for RhÉun}atoto Re5earth The Cathy an41 Danny Ros•nkMz fknoknER 14 14 46.74% 2279 48,985 7.170 7.170 Latfya Simons Nursing Certificates Fund Lèwi5 Melanoma RÈsearth 4578 iU57 22,578 8a,747 71 TOTAL Al15 116A83 (31129) Nei mo¥ement in included in the above are a5 follows: resources General fund 143370 187.9>61 143,9861 OncolotT and MRI Fund STherbel and Denman MerTxrfiiI fuThJ for 2,279 2.279 The Cathy and Danny RosenkRnz c*KOl ER 13vra Simons Nursing certrr1G Fvnd Lèwis Me>anomè Rèsearth fund 125.CWI 76,3CO 262,549 171,72 294678 4,578 3L129 14et Trnn5fe At OLOI.2Qla hJnds Af 31.112023 GoneraS fijnd 41,161 3,432 44.593 oncolo and MRI Ftnd Shtrbel and Denman Merr131 fund fc Rhevm3tc4ogy Rearch 14 14 44.663 2.3 46,706 Tho Cathy arKt Danny RrSenkrI Oncolw ER 7.170 7.170 69.8a7 7L890 iu.r 5A75 Pa8e 10
The British Friends of Rambam Medical Centre Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.2024 31.12.2023 INCOMING RESOURCES Voluntary Income Donarions and Fundraising Aaiviries GiftAid 236.829 22.071 258.899 369.026 66.790 435.817 Investment Income Deposit Account Interest Current Asset Investment Income Invesunent gain I Iloss}- unrealised 1.532 2.043 129 3.972 439.788 11611 3.650 262.549 Total incomtng rescwrces RESOURCES EXPETrIDED Cosi of generating voluntary income Fundraising costs Charitable Activitie5 Cash Asvards and Grants Governance cosrs Independent examination 5.264 48,267 ?55.556 367,7?0 600 600 615 615 Support cost5 M8nagernent Postage and SEaEionery Travel A¢fvern"sing Secretarial fee5 Sundry Expenses Website Bank charges 30 1,489 1.650 29,?63 552 186 3.575 1.380 12.231 106 233 17.711 434.313 275 33,259 294.678 Toral resources expended Net lexpendtture) l income (32.129 5.475 Thi5 page does not form part of the staturory finanoal statements Net lexpendirure) / income Incorne Exp=nditure 262.549 ?94,678 {32.129) 439.788 43a..313 5.475 This page does not form part of the statutory financial statements Page 11