Chanty regi5tratDn number 210472 FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOU TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOLIMI LEGAL AND ADMINISTRATIVE INFORMATION Trustees SiTf¥)n Saman (President) Richard Limburg Joy Goldberg Charity number 210472 Principal address Suite 69 Churchill House 137-139 Brent Str1 London NW4 4DJ Independenl Examiner Anthony Epton BA FCA CTA FCIE Goldwns Chartered Acojuntants 75 Maygrove Road West Hamp5tead Lon¢knn NW6 2EG Prinapal bankers CAF Barbk Limited 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOLIM) CONTENTS Page Trustees. annual report Independent examinerfs rewt Statement of financial aclivities Balance sheet ststem8nl of cash Ilows 9-10 Notes to the financial stateErEnts
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOLIM) TRUSTEES, ANNUAL REPORT The TTUStees are pleased to present their reFrt)rt and the Charws a(xounts for the year ended 31 December 2022. The f1nanaal ststements. which are Prepared in pounds sterfing be5ng the funclional ojrrency of the Charity. have been prepared in aordan wllh the accountir¢g p)liues set out In the notes to the financial staterrbents and comply wrth Ihe Challtys Rules which are its goveming document, the Charities Act 2011 and 'A¢counting and Repo"ng by Chanties: Stalemenl of Recommended Pracb"ce applicable to tha¥itw preparing Iheir accounts in ac(x)rdance wrth the Financial Reporiing Standard appliGable in the UK ar Republic of Ireland (FRS 102) {effec"ye 1 January 2019) (the Charities SORPI. SITucure. gov8rnance and management Friends of the Sick (Chevrat Bikkur Cholim) is an unincorporated as$wiatn that was established in 1947. M was règistered wilh the Charty Commission as a chatity on 30 January 1961. The Charity's websrte is vMw.ukfos.or Trustees Thè folk)wng truees held Offi IhroLyhoul the year: Simon Sackman (Presidenl) Richard Limburg J()y Goldberg The Twst8es have read. and are u)gnisant of. the guidarK Telating to public benef issued by the Charrty Commission. Objectfve Friend5 of thè Sick or las tl is fondly known by many) Bikkur Cholim airrn5 to provide sUprt and companionship to the vulnerdble in the Jewish community in and around London. Our servi$ are an important pFece in the jigsaw of communty welfare seNir£s. We sit btheen mainslream welfare organisations. which mosly no longer offèr home support. and the entilY voluntary efforts of local synagogues. We are there when elderfy or sick ppIe, often living alone or wth a dependent partner. need help but do not require full-lime care or do not wsh to mve to a resKlential care home. Helping people to con*'nue livtng in the farrmlbar and o)mknting surrounding5 of their own honEs is al the heart of what we do. Friends of the Sick achieves its obJ"edive principally through On-One home wsits lo dients by our dlGa1ed team of Irained sllprt worker5: we are also able to offer lelephone supporL In 2022 we employed nine support workers. All our employees are Jewsh and thus able to late to dient5 when fi comes to Kashrut and Jwsh c3Jsloms and practs. The vast majonty of our support workers have worked for Friends of the Sith for many year5. Our supportworkers perform a range of tasks whh vary ar£$ng to the needs of the individual client. Thèse Include help wrth shopping. preparing Irals. transsx>rting the dient to the doctor or a hospital appointment or simply Ghath"ng over a cup of tea or game of cards or taking them for a walk in a k)cal Park. Our SUPFQrt worker5 can also asstst wth minor administrativè matlers. These tasks may seem insignificant. but the companionship. social interadion and ITntaI sb"fTbulab"on our support workeTS provide can make an ènorrrv)us drfference for those who might otheTwse feel isolated and ignored. As a restjlt many of our clients fom dose friendships wth Ihesr supFK>rt workers. Importanty, as well as helping the dient what we do can bnng rrch needed respite for dients. main carers.
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOUM) TRUSTEES, ANNUAL REPORT Given the vulnerable status of our clients. the operaknal pro015 that were introduced to minirrrise the risks associated wth COVIt>19 re kept in place. Accordingly. all support workers were throughout the year, and wntinue to be. provided vthh appropnale tersonal protedive equipment for evèry visit Ihey make. Allhough over the course of Ihe year the dired impad of COVID-19 thankfvlly receded. activity levèls in 2022 remained below those reached in 2019. the last full year before tre pandemic. In 2022 Ihe Charity prowded over 3.1LK) hours of SuprtIO 22 d"rfferent client& This represented a mcxjest increase on 2021 when some 3.0 hours of support vras prov1 to a total of 16 clients. The major.rty of dient referrals carne from Jewish Care. th whom ¥ have a 9c(%l working relationship.. we regularfy liaise wilh front line social workers and attend appropriate seminars organised by Jewsh Care. Olher ferraIS were received from the AssC¥tOn of Jewsh Refugee5, synagogue welfare offirS and recommendations from past cjients or Iheir relatives and Ihrough our websrte. which Wds mpletely redes)gn8d and uwraded durFng the year. Traditionally. Friends oflhe Sick tlY seryed Ihe Jewish (x>mmunity in Norih West London. but as the community has moved to new areas in Greater London and beyond. so has Bikkur Cholim. In 2022 we supported clients in Swss Cottage. Hampslead. Hampstead Garden Suburb. Hendon. Golde15 Gmn. Mill Hill. Southgate. Stanmre. Edgware. Wembiey. Whetstone. Bushey. Borehamwc¥yJ and BameL Flnancial Tevlew In 2022. against a drff#JlI eCOncrfn bad(ground. lotal intxsme. from dO1170n$. con1n"butior from dienls and investrnerrt in(x)me. including a srnalS amount of bank interest. was £89,312. This was a decrease of 9.8 per cent on Ihe previous year12021'. £99.0581. tk)nations from individual donors and chantable trusts at £45.371 were 27 ftl kjwer than in Ihè prewous year {2021.. £62.1881. As in the past. the rriajority of donab.on income rame through Ihe Rosh Hashanah appeal. No legacies were received in 2022. nor were there any in 2021. We do seek a contn"bulion from dients for Ihe services we prode. but rt rernains our poliry never to turn someone away for financial reasons. Where someonè Cannot afford our charges. these are reduced or waNed aM(uelher. Our charges are si9nthcanUy lower than Ihe st of equivalent seTVi availahle from commercial agencies. In 2022 conkn"butions from dients {shown ln the Statement of financial act"vrties as income from 'Charitable acb"v¢ties'l was £33.284 12021= £27.402). These contributi¥ns covered some 78 per nI. of Ihe salarÉes of support wirker5. who are paid an houdy rate slightly above the London Limng Wage. and only one-third of total expenses for the year. Accordingly. we rely to a svJnrficant extent on the gerrOUS support of our donors. Given the Charrty'5 STnall size and the pressure on incomè. th& Trustees are very nsciouS of the need to control cosls. Despite the addrtional costs of providing 5UPKK)rt workèrs Vdith PPE. total expendrture in 2022 at £99.859 was alrrK)st 6 per onl. lower Ihan in the Previous year12021.. £106,002). During the year the Chanty moved out of rts offices in Churchill House and ri(yw operates remotely through a virtual offi. this has reduced costs bul wrthout any imp3d on opefabons. The Charrty had a net deficit for the year before unrealiwj losw on rts listed investments of £10.547 12021: £6.9441. Investmerts In accordance wrfh gx*J govemance, thè Tntstees regularfy review the Chanws investment policy seeking to balan Ihe need to maintain 5uffic4ent Gash to meel operating expenses against higher 'elding listed Investrnenls. The Truslees select InvestEntS based on research ar taking into account the Charity s medium and long-tem requirements.
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOLIM) TRUSTEES, ANNUAL REPORT Given the relativety low retums available on sh deposits duriNJ the majority of 2022, a subs12ntial proportion of the Chartws assets continued to be ld in SterlirvJ Inu)me units in M&G Equiles Investment Fund for Charities {Charrfundl. UritiJnd aims to provith an annual yield above that awailable from the FTSE Al-share lTrJex", an in(ome strean Ihat increases every year, a1 a level of capital growih, net of orooing thrges. Ihat is higher than inflation over any ten-year pellod, as measured by Ihe Retail Prices IrKlex. At least70 10 of the fund is invested in the shares of UK companies, with a focLts on high-yielding stkS where the companies have the potenlial io grow their dividends over the lo term. Charifwbd makes distribonS four times a year, whid) produces a regular arMI relalively stable source of ITr for the Charity. Incon from CharifuThJ units in 2022 was £10,404 (2021.. £9,339). As at 31 Dember 2022 the market value of the Charttund units held by the Charity was £184.198 (2021.. £195,062) resulling in an unrealised loss for tl year of £10,864 {2021.' gain 3.0171. This loss Is merely a reflection of the market value ofthose investmenls at yearnd. As at 16 June 2023 (the latest practicable date before the finalisati of these a(tounts) the rywrket value of the Charrfund units was £180,576. The Trustees, wlicy is to maintain sufficient cash resources to cover expEnses during perilS when income receipts are low. The majonty of donalions are reiVed duriNJ the Send ham of t{ year through the Rosh Hashanah apFal. FUlS that are nol invested aThJ nol reqkjired in the short-lerm are placed on deposit wf(h various UK banks. Bank interest received in 20Z2 amounted lo £253 12021., £1291. Since the year-erKJ the Charity has transferred a subslanlial pr0FX)0n of its surplus cash into a bank's 1-year fixed tem) bcnd yielthng 3.5 per nt. Rlsk management The Trustees are responsible for the manwjement of iBks fac1 by the Charty a1 all the Tnjslees are involved in considerin9 and assessing tse risks. both finarla1 a1 rKirFfinancial. The controls in place Indude.. regular trustee meetiN¥: a formal agerxk for trustee meetings: planning and budgeting for finarla1 COments, Ind11j investments held. vetting procedures as Uired by law for the protedon of the Vulrable. and regular risk assessments. The Trustees consider thal they have identifd Ihe major risks fed by the Charty aThJ are satisfied Itkal appropriale steps have been laken. aThl cont"EM to be laken. lo Mgate su() risks. Reserves are niaintained at such a Ve1 as to ertable the Chartty to (arry on n*ding its charitable objectNes for a minimum of a year shoukl its Inc0Th reduce substantially.
FRIENDS OF THE SICK {CHEVRAT Bll(KUR CHOLIM) TRUSTEES, ANNUAL REPORT Recruitmert of trustees and trainiTrJ The composiknon of the Charity's board of ttuslees is reviewed regularfy wth a view to achieving a spread of expertise. age and gender designed to faaltlate the achievement ofthe Charity's objects. The Tnjstees seek to recruit members of the Jsh (ommunity living or working in areas in which the Charity operates who have an inleresl in the Charty's aims and the requisite s.11$. The Trustees keep up to date on their responstbilrties by vartotjs means. such as reviewng the websites ofthecharity Commission and The Office oftheThird Secbx. attending relevantsemIna and webinars and reading relevant periodicals. Key management pgrsonnel rnmuner*ion The Trustees consider Ihe board of trustees as comprising the key mnagement pefsonnel of the Charity in charge of directing and conlrolling the Charty and running and operdb.ng the Charity on a day to day basis. All the Trustees gi¥e of theirtirne freely and no tnjstee remuneral'on was paid in the year. None of the Trustees received teimbursement of any expenses and there were no relaled paty transactions any of the Trustees. Independent examination For many years the Trustees opted to have Chanty's annual accounts audited. even Ihough an audit was not required by law. However. in recent yeats an audrt had beLx)me increasirlgly onerous and costty. Having regard to this and recent broadening of the scope of an independent examination. the Trustees have dwded trj have an lindependent examinat of the Chanty's annual a¢xouTrts. as they consider this lo give suffiecient conifort lo exisling and luture donors. Accordingly. the Tnjstees have appointed Goldwins lo carry out the independent examination of the Charity's annual accounts and they have replaced the previous fim of audrtors. Slatsment of Tru5tees' resw>nsibilltks The Truslees are responsible for preparing the Tnjslees, annual report and the financial statements of the Charity in aCCordare wth applicable law and United Kingdom A(Lountr'ng Standards (Unrted Kingdom Generally Accepted Accounb"ng Pradicel. The Saw requires the Trustees to prepare accounts for each financial year which give a true and fair view of Ihe state ollhe Chanty ar of the incoming resources aftd application of resou5 of the Charrty for Ihal year. In Pfeparing these attounts the Tr{1 are required to: select suitable accwntin9 poliues arKI then apY It consistently. observe the thC#Y$ and principles in the Charth"es SORP: make judgements arHJ eslimales that are reanable and prudenL' state whether applicable account.ng starKlards have be8n fdlowed. subject to any material departures disclosed and explained in the arUnts. and prepare the aca)unls on the going o)ncem basis unless rt is inappropriate to presume that the Charity will conb.nue in operation.
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOUM) TRUSTEES, ANNUAL REPORT Statemert of Tnlee$, responsibilitS (continued) The Trustees a responsible for keeping proper acUtIng records that disclose with reasonable accuracy at any b.me the financial posrtn of the Chanty and enable them lo ensure that the accounts comply with Ihe Char¥lies IAc¢x>unls and Reports) Regulations 2011 and the provisions of the Rules constrtuting Ihe Charty. They are also responsible for safeguarding Ihe asset5 ofthe Charily and hence for taking reasonable steps for the preven*"on a¥KI detection of fraud and other irregulaiiiies. Sofar as each of the Trustees is aware: a) the is no relevant irrforrnatr)n of whith Ihe independent examiner is Linaware: and bl the Trustees have tsken all relevant steps that they ought to have taken to rnake thernselves aware of any relevant infomialK)n artd to establish Ihat the independent examiner is aware of that informalson. On behall ol the Trustees <LC, binKJn Sackrnan President and Trusta8 11 2023
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOUM) INDEPENDENT EXAMINER'S REPORT TO TrIE TRUSTEES OF FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOLIM} I report to the Trustees on my examination of the a(xounts of Friends of the Sick {Chevrat Bikkur Cholim) (the Charity) for Ihe year ended 31 Decer1 2022. R•sponsibiltties and basis of report As Ihe charily trustees ofthe Chanty. you a ponSIble lor the preparation ofthe Chaw's accounls in accordance with Ihe requirements of the Charities Ad 2011 (the Act). I repK)rt In resped of my 8xanwnakn.on of the Charrty's acLt)unts carried out under section 145 of the Act. In carrying out my examinatson I have folkjwed all the applicable directions given by the Charity Commission under seclion 14515Xbl of the Act. Independent examinerfs statement I have compleled my exaThl0. I confirm Ihal no rvwterial matteTS have u)mè to my attefi1 in conneclion wrth Ihe examinath.on giwing m8 cause to believe that in any fTbaterial respect accn11ng records wwe not kept in res[ of the Chanty as reqijired by secbon 130 of Ihe ACL" or 2. the accounts do not acci)rd wrth those records: or 3. the accounts do r1 conwly with Ihe applicable requirements nCeming the fom and content of accounts set out in the Charrties (Accounts and Rewirtsl Regulations 2008 other than any requireTnenl thal the accounts give a tfue and fair view which is nol a fTkatter Gonsidered as part of an independenl examinab"on. I have no Co[M$ and have com across other rrthrs in connection wrth the examination to ich attention should be drawn in Ihis rep)rt in order to enable a proper understanding of the accounls lo be reached. Arrthony Epton BA FCA CTA FCIE Goldwins Chartered aco)untants 75 Maygrove Road West Hampstead London NW6 2EG 22 June 2023
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOUM) Statemenl of fiDancial activities for the year ended 31 December 2022 Total Total funds funds 2022 2021 All unrestricted Income Donations and legacies Charrtable activth.es Investment income 45.371 33.284 10.657 62,188 27.402 9,468 Total Income 89.312 99,058 Expenditure Raising funds Charitable activ"th"es {2.161) {97.6981 12,804) (103.198) Total expenditure (99.859) (106.002) Net (defiot) (10.547) (6.944) Net Idefiotygains on invesbnents 10 (10.864) 23.017 Net movements in fvnds 121.4111 16.073 Total funds brought forward 339.833 Total funds carried forward 334.495 355.9)6
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOLIII) Balae sheet as at 31 December 2022 2022 2021 All unrestficted Fixed as$ets Tangible assets Invèstments 458 195,C2 10 184.198 Total fixad assets 184.198 195.520 Current assets Debtors Cash at bank and in hand 11 8.286 147,801 8.988 155,270 Total current assets 156.087 164.258 Llabilities Creditors: Amounts falling due wrfhin one year 12 (5.790) (3.8721 Net current assèts 150,297 160,386 Total net assets 334A95 355.906 The funds of the Charity: Unrestricted funds 334.495 355.W6 Total funds of the Charity 334A95 355.906 The Board ol TnteeS approved th8 accounts on 2023. Simn SackThn- President and Trust8e Richard 'mbr9- Tru
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOUM) statement of ca5b flows tor the year ended 311)ecember 2022 2022 2021 Cash Ilows from operating activities: Net cash (used in) operatirrfJ ath"vthes (18.526) (18.313) Cash flows from InvestiThJ activities: Dividends and interest from investsnènts 10.657 Cash flows from tangltsle fixed assets Proceeds on sale Net cash promded by investing adivrties and tangible fixed assets 11.057 Net cash {us8d inl finanong altieS (1.469) 18.8451 Change in cash and cash aquivalents in the rerthing penod (7.469} 18.8451 Cash and cash eqUiVats at start Oftt retthing perK)d 155.270 164,115 Cash and cash equivalents at end of the rerK)rting periLxI 147.801 155.270 Analysis of G4sh and cash equivalents Cash al bank- crrent and deposit accounts 147.801 155.270
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOUM) Reconciliat ol net (expenditure)fincome to net cash flov4s Irom operating activities for the year ended 31 Llecember 2022 2022 2021 Nel (expenditureyincome for the rerK)rting Fericd (as per the Slalement of financial ac*"vrtie5) (21.411) 16.073 Adjuslments: Depreciation Unrealis8d gainsnosses on investments Dividends and interest on Investments Decws8lllncrea5el in debtors Increasel(Oecrease) in cradrtOT5 457 123.017) 19,4681 11.7611 (597) 10.864 (10.6571 702 1.918 Net cash (used inl operating activitses 118.526} 118.3131 io
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOU Notes to the flnancial statements for the year ended 31 December 2022 Accounting policles Basls of PTeparatw)n of accoutts The finar181 sialemerts have prepar ¢CKdan %ith the Charity's 9)vem1 (k)cunnI. the ChariLEs Act 2011 and "AccounlirvJ atml Reporb"ro by Charitses: Statement of RecommerKled Prac1 applb to Charities pparia t1r in &rdan wth Financial Reporting Stsndard applicable in the UK 8fKI Republ¢c of Ireland IFRS 11r21 (effective 1 January 2019).. The rm8187 staleNws have departed lyom Ihe Charilses (Accounts ar¥A Reports) Règulaiions 2008 only to the extent requir to provide a true and fair vw. This departure has inK)fved following the SisteEnt ol Re¢ommebykd Practice for charitie5 applyTNJ FRS 102 18trr tn the vÈrsion of the Slement ol RecomnndÈd Prac whth is ferrj to RLIat)nS bul vthrh has since been withdrawrL The finartial statements a prepared in stedirNJ. bthich is (UrKn81 currency of the Ch8rify. hknnetary arnIS in the finanaal statements are rOJed to nearest £. The financial &atennls have prerj the INstor] rxjst (xment%)n nthified io include the revalualioTI 0frtain finai(i81 instwmèrts at fair value. The prirripal accounting wlics &lopted are sel out klow. Public benefft entity The Charity constrtules a public benefft enttty as defined by FRS 102. The Chanty is an unincorrx)raled associath.on Ihat is domialed in England and Wales. Incomo and endowments All iterrs of income are accounted for when the Charity LS enffiled to the income and Ihe arUnt can be quantiffied with reasonable a(zuiacy. The following specrfic wJlic4es are applied to particular egorIeS of ir(yJme: Voluntary inco received by way of donakn.ons and grdnts is Included in full when eivable and cxedrted to erther unrestric£ or restricted income as 2ppropriate. Contribtsons from diefrts are ac¢J)unled for on a receivable basis. after making provision for bad or doubtlul debts. Inveslmnt incom is induded Wh rNable. LegaCS are accnunted ljr as incoming resource5. ether on reoipt or wheT8 the reIpt of the legacy is vi¥lually certain. The latter will be On confirmation has beon reIved from the representatives of Ihe estate that payment of the legacy will be madè or property transferred On all condth.ons attached lo the legacy have been fuffilled. Grants Grants. whether from GovemmenL Local AulhorIt or others. are recognised as an incoming resource when the Charity becomes enldled lo Ihem. which ts when a fomal offer of funding is communicated in wriling to the Chanty- li
FRIENDS OF THE SICK (CHEVRAT BKKUR CHOUM) Notes to the financial statements for the year ended 31 December 2022 A¢countir*J policies Expendlture Expenditure indudes irrecoveratye VAT where applicable and is induded on an aTUalS basis. Chantable expendrture comprises those costs inujrred by the Charty in the delivery of its acts'vilies and services for rts benefiryaries. indudes costs that can be allocated direcUy to such acbviknes as v4ell as those ¢Dsts of an indired nature to supwrt trm. Governan tndude thjsè cOS associated with meeting Ihe nsltional and slalutory requirements of the Chanly and include audrflindependent examinatit)n fees and costs linked to the strdtegic management of Ihe ChaTFIy. Tangible fixed assets and depreciation Tangible fixed assets are Stated at cost less deplab"On. which has been prowded at rates calculated to write down the asset lo its estimated residual va5ue over rts useful life a5 follows: Fixlures. th"ng5 and equipment 25Yo on cost Fixed asset investments Fixed asset inves1Thnts are primarily held to generate income and are included inibally al cost pric8 and subsequently at fair value (market value) at the balance sheet date. The Statement of financAal actiwties incl¥Jdes the nel gains and losse5 on revaluation and disposal throughout the year. Financbal instNments The financkil inslru¥TEnls of the Charty comprise bank batances. including monies on dep)s and debtors and credttors. Bank balanS are accounted for based on cash held. Debtors and credrtors are included at amounts settled after any discounts. Fund aceounti Funds held by Ihe Charity are erther. unrestn.cled funds. which may be used in accordan wrth the chanlable ob5eds of the Charity at Ihe Trustees, discretion: or Restricknj frjnds. wthiGh may onty used in accordance with the wshe5 of the relevanl donors. 12
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOU Notes to the financial statements for the year ended 31 December 2022 1 Accounting policies Crltvl accounting estimates and judgements In the application of the thanty'5 attounb.ng pdicies Ihe TrLEslees are required to make judgements and assumptsons about the canwng amunt ol assels ar liabilrties thal are not readily apparent from other sources. The eth"mates and assorAated assumptions are based on histoncal experience and other factors that are iy)nsider•Y to be relevanL Actual Ipsults may differ from these èstimates. The th"m*es and undedwng as9Jmp.0nS are revieNed on an ongoing basis. Rewsions to a¢counling esknmates are recc4Jnised in the peri(xl in which the esbfflate is revised where the revision affects only that period, or in the pericd of the revlon and fulure peri¢)ds where the revision affects tth current and fLrtUTe perK)ds. Donations arKI legacies Total 2022 Total 2021 Donations Legaae5 45,371 62.188 45.371 62.188 Income from charltable aCtivitS 2022 2021 Conlributions from clients 33.284 27.402 Investment income 2022 2021 Income from listed investTIts Bank and other interest 10,404 253 9.339 129 10.657 9.468 13
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOUM) Notes to the financial 51atements for the year ended 31 December 2022 Raislng funds 2022 2021 Advertising and appeal ex&Se5 a161 2,161 Charitable activities 2022 2021 Support Tkers. salaries and Nabonal Insuran Support workers, travel eXnSeS and peT50nal protecb.ve equipment offi and administration costs Bank and credrt card charges Auditors remuneration Indèpèndent exanuner's f8e Legal fees 42.302 44.044 4.613 50,913 128 45.420 198 570 1.560 97.698 103.198 Govemance Costs Governance costs Included in charitable acb.vtss are: 2022 2021 Audrtors, remuneralion Auditors, fee adjustment Indeper)dent exanwner's lee 570 14
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOUM) Notes to the financial statements for the year ended 31 De¢ember 2022 Salaries 2022 2021 Stspportworkers, salaites Office and administration salaries Employer's Nabonal Insurance Pension contnbLtlions 42.428 31.250 116 3,500 43.962 30,0 295 3.5tM) 77.294 Tt.757 The nsjmberof employ during most ofthe year was 10 (2021.10), which induded 912021: 91 suppc¥t workers. No employee eamed over £60.(KKJ. The Trustees arethe key management oflhe Chanty and no remunerabon was paid. orexpens8S reimbursed, to any of Ihe Tangli Jle red assets Fumilure. fittings & equipment Cosl At 1 J8nuary 2022 Wrrtten off on di5W5al 7.825 17.8251 At 31 December 2022 Depreciation At 1 January 2022 Charge for year Wrrtlen off on disposal 7.367 58 (7.4251 At 31 December 2022 Net trtiok value at 31 Dec8mber 2022 Net lyy)k value at 31 DeLember 2021 15
FRIENDS OF THE SICK (CHEVRAT BIKKLIR CHOUM) Notes to the financial sLitements for the year ended 31 December 2022 10 Fixed asset investments Listed lftvestments Al 1 January 2022 195.062 Revaluatio (10.864) At 31 Oecember 2022 184.198 The lisled ir*veslments comprise 12.534.57 SterfiThJ Income unts in M&G EqurÈies Investment Fursd for cha"e5 (CharT(und). which is nNAnaged by M&C Secunties Limited. 11 Debtors 2022 2021 Other debtor5 Prepayments Gift Aid recoverable Taxation and social serJJr5ty 8.286 7.577 875 502 8.286 8.988 12 Creditors: Amounts wh1n one year 2022 2021 Taxation and social secunty costs Other credrtors and accTuals 331 5,459 3.872 5.7 3.872 13 COVID-19 As set out in the Tntstees Annual Report. the Trustees have con5ider&J the impaGI of COVID- 19 on Ihe accounts for the year ended 31 December 2022 and for thè for8seeable future. The Trustees conbnue to keep relevaFrt matters uTrJer rewew. 14 GOING CONCERN The Twst8es are of Ihe opinion that Ihe ChaTty is a goTng GOnM for the foreseeable future. 15 Related party trdnsactions inGludirMJ trustee expenses There were no trdnsactr.ons Mth any of Ihe Tnjstees ar none r1Ved any ermluments or eXpese$. The Charty has put in placelrustee indemnty irksufdno. the annual premium for whith is £35112021= £3511 16 Taxation The Charity is a registered charhty and not liable to lax on lis charitable ackn"vits"es otherthan value added tax paid, which ss not recoverable. 16