Charity registration number 210472 FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOLIMI TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOLIM) LEGAL AND ADMINISTRATIVE NFORMATION Tnjstees Simon Sackrnan {Pregdent) Richard LimD'Jrg Joy Goldberg Charity nLJmber 210472 Prit)apal a(klress Sle 69 Churchill House 137-139 Brent Street LorKlon NW4 4DJ Independent Examiner AntnY Epton BA FCA CTA FCIE Charted Accountants 75 .aYgrQve Road West HaMlead Lorthn NW6 2EG Prinopa bankers CAF Bank Limited 25 Kings Hill Avenue Kiros Hill Wesl Mal:':ng Kenl ME19 4Ja
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOLIM) CONTENTS Trustees, amual reFA)rt Independent examiner's rewrt Statement of financial aclimties Balance sheel statenI of cash fflows Notes to the financial statemerLts 9-13
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOLIM) TRUSTEES, ANNUAL REPORT The Trustèes are pleased lo present their report arKI the Charity's aco)unts for the year ended 31 December 2023. The financial statements: which are prepared in FouThJs steding being Ihe functional currerw of the Charity. have been p".epared in accordance wilh Ihe COUn1lng p)licies set out in the notes to Ihe financial statements and comply w.lh the Charity's Rules which are its goveming document, the Charities Act 2011 8fbd.A(Ounl1ng aNI Reporb"ng by clritIeS.. Stalemenl of Recommended Practi applieable to charilies preparing tlT accol6 in ac£ordaw with the FiThaThcial Reporting Standard apFlicable in the UK Republic of IrelatKI IFRS 1021 (effective 1 JaI)Lry 20191" (the ChaTities SORP) structure, govemance and management Friends of the Sick Ichevrat Bikkur Choliml is an iMir)rated assclation thal was established in 1947. It was regislered wlh the Charity Commission as a charity on 30 Ja?uary 1961. The Charity's website is W..k[L)S ora. Trustees The following trustees held office throughout the year. Simon Sa(maN (Presiderll Richard tirrhburg Joy Godberg The Trustees have re1, and are cognisant of. Ihe guidance relating to public benefil issued by the Charity Commission. Objective For more Ihan 75 years Friends of the Sick Ichevrat Bikkur ClTh)liml has been supwrtiro vulnerable members of the Jewsh community'.n LoThJon. The nature of that support has changed over that time, but the objective reMrbs the - lo help IFNJse SlrugJliTrg Vth old age or physical or mental illness. In loday's increasingly remote, lechnological wortd, Friends of the Sick provides support and, crucially, companionsh"p Ihrough one-on-orE knme visils to cl',enls by QUT dediled IaM of Irained slaff. We complementwhal larger social welfare organisatior6 offerand can represenl an arternalive to expensive residential care. Whatwe do may in ilself seem of m great consequer), but by literally performing Ihe time',ess mitzvah of BiKkur CPk)lim - visiling and exterKling aid lo the sick- we a51ow Ihose who Ik) not require full-lime care but are often on the r own lo conlinue lo live i.?depenclenl armd ful111ng lives. Activity In 2023 Friends of Ihe Sick employed nine suppyjrt workers. all of are Jewish., the majority of Ihem have worked for the Charity for many yeas. S'apport workers are paid an hourly rale above the London Living Wage plus fares. Du47,W the year we provided over 2.500 htsurs of support to a total of 22 different clients Ilmng in the Iraditional Je¥vish ar of North Wesl London arKI the fast growing communities in Hertfordshire. On avewe we supported 17 clients every month. Our approach is fleO[e and fn'endty. We take on new clients wth a mininwm of formality a1 treat every dEent as an individual wth his cr her FHrticular requirements and design our services accordingty. Eac support worke", spends as mtJch or as litlle time with the.:r client as Ihe client wants. 80, a support worker may com just 0e a weeK to help with the weekly strw)p or 3 couple oftimes lo prepare meals OT èvery 'eekdy. They may help a dieTrl lo get to a GP or hos.1 appointrTheT)l or assist with minor administrative malters. As well &% hoThe visits we also offertdephone supporL Crucially, every visit or phone call by one of our support woers provides optKlrtunity for social interaction and mental stimulation. Spending a few hours wrti an elderty persor( whether il is taking Inem for a walk or lust having a quiet chal over a cup of tea, Can raise 11*1 person's spirits immeasLsrably.
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOLIM) TRUSTEES. ANNUAL REPORT The welfare of our clients is our top priorTty. Alhwh thankfulty Ihe risk from COVID-19 diminished 2023, Truslees decided ttwi il was importani io maintaiTr Ihe operational protocols fiha were inlroduced during the pandemic. AccordirvJty, all supp)rt workers were througlKJuI the year provided with appropriate personal proleclive equipment for every visQ they made. Clients are referr1 to us from a variety of sources. Iu(rIng Jewish Care. the Association of Je1Sh Refijgees. Shalvata and synagogue welfare ¢x)mmittees and also from supwrt workers and rdab'ves of former clienls. During tle year meetings tcK)k place wilh North West Londor) aNd Hertfordsth"re social worKer teams al Jelthsh Care to reinfo our alreajy strorwJ relationship wth Jewsh Care. As part of an effort to promote oJr sav'.ces. the General Sec:"etsry also met with representalives of AJR. Paperweight and Ihe Barnel Social Presuibiro u.nk Worfrfer Service, which proifjdes support arKI informal'on to palients vtho nave social or econom'.¢ issues. Financial revlew In 2023 toial irtome was £95.440. an increase of 6.86 FEr cent. on the previoLts year (2022.. £89,312), The main Sour ofincome was donations from inrf,VidUa aThJ charitable trusts., al £58.827 these were 29 per cent. higher than in Ihe previous year (3)22." £45.3711. The majority of dor)ations were in response to appeals at Rosh Hashanai and PesaG. The response to the former from our loyal tSJnor base was paTticularty graltying given tr nalura focus on IsTael following the terrible evenls there on 7 0clotr. No legacies were received in 2023 or in the previous year. The next largest source of in(xJme was contribLrtions from clients for our sermtes Isown in the statemenl of financial ath"Mts"es as irKorr* from 'Charitable aCts"v.es'I at £23,51912022: £33,284). Our charges are signfficantly lower than cost of equwalent Serrfls available from commercial agencies al contributions from clients COved some 62 per cent of Ihe salaries of support workers arKI only 25.6 per cent. of total expere5 for the year. Accordingly. we rdy to a significant extent on the generous support of our dorK)rs. True to our charitsble Pr1(.eS. where someone caftrx)t afford our tharges, Ihese are reduced or waived altogether. We never someone awdy for finanaal reasorJs. Given the Charty's srnall svze and the p", esswe on income, the Truslees are very conscious ofte need to ntrol cosls. Desp51e Ihe addits"(Inal costs of conb"nLJiry lo provide support workers wrth PPE, total expenditdre in 2023 at £91,889 was almost 8 per cent. lower than in the previous year12022.. £99,859). The Charity operates r¢rtelY through a virtual office arKI ck)es not ineur any propety renlal costs. The Charity had a nel surplus for lfje year tefore unrealised losses on its listed investments (see Investments below) of £3,&51 (2022. defictt (£10,54711. Investments In accordance th good govemance, the Trustees regularfy review the Char'ty's investmenl pclicy seeking lo balan the need to maintain sufflent ca%h to meet 0rating expenses against higher yielcling listed inveslmenls a1 bank dewsrts. The Tnjslees select InveStrnIS bas1 on research arKI tsking into accoJnt the Cha,"ty's Medium and lorwJ-lerm requirernents. During 2023 the Charty contnued to knld, as tt has thne for many years. a substantial proporb'on cf its assets in Income units in M&G EqLJities Inveslment Fund for Charities Icharifurxll, a unit trust managed by M&G securities Limited. Charifund ams lo provide an annual so.eld above that available from the FTSE Al-share Index., an income stream that irtreases every year. and a level of capital growth higher than RPI inlalion over any ten-year period. At least 70 FEr cent. of the fjjnd is invested in Ihe shares of companies Ihat are based, or do most of Iheir buSIss. in the UK. CharifjJrKI makes distributions four times a year, which produces a regular arKI relativety stsble source of income for the Charity, Income from Charifund Lnits in 2023 was £10,717 (2022. £10,404). whith represented over 11 per cent. of the Charity's total inrne for the year.
FRIENDS OF THE SICK (CHEVRAT BKKUR CHOLIM) TRUSTEES. ANNUAL REPORT As at 31 Dember 2023 the market Val of the Charifund untls held by the Charity was £179,870 12022.. £184,198). As a resu, the Statement of finarrial actvil'es shows a deffial on investments for the year of £4,328 (2022." Deficit 1£10:86411. Tkre Chwity thd wt dispose of any of its Charifund units in 2023 and a¢cordinY Ihis defiat merely reflects the change in the market value of those units over the course of the finarkcial year. As at 1 July 2024 lthe latest prliCable date before the finalisatiorb of these counlsl the market value of the CharifuThJ units was £189,g25. Funds rKFt invested in Charifund unrts aiid rK)t rew',red IN the short-lerm are placed on deposst with various UK banks. In 2023 the Trustees afvantage of risirsg interesl rales lo invest a total of £80,000 inlo two l Year Fixed Rale Bonds wilh Cambridge & Counl'es Bank. The first for £50,000 carrièd a fixed rate of interestof 3.5 per cent. and matured in April 2024. The second for £30,000 carries a fixed rale of interest of 5.C per cent. and V4711 mature in Augilst 2024. Rlsk management The TNstees a", e responsible for the manajemertt of risks faced by the Charity and all the Trustees are involved in considering and assessing tFKise risks. both financial arKI non-financial. The controls in place include". regulartrustee meeb'rvJs- a formal agenda for trustee meetings., planning and bu(Jgeling for fjnarKial commitments, includiro investments held: veliing procedures as requi.'ed by law for Ihe pr<Aeclion of the VLJlnerable', and regular risk assessments. The Trustees consider that they have identffied Ihe rrbajor rlsks faced by the Charyty and are satisfied Ihal appropriate steps have been taken, conl'nue lo be taken, to mitigate sueh Tisks. Reserves are maintsined at such a level as to enable the Charity to (3ry on TrEeting its tharitable objectives for a Mininrn of a year should fts incon reduce substantially. Recruitment of trustees and training The composition of the Charity's board of tnjslees is rev.ed regularly wth a view to achieving a spread of exrtise, age and gender designed lo facilrtate trie achievement of the ChariWs objeds. The Truslees seek to recruit members of the Jew6n community living or working in areas in which the Charity operates have an interesl in the Chanty's aims and the requisite skills. The Trusl*s keep upto date on their respon&bililies byvarious mears, such as reviewing the EbSiteS of the Charity Commissioft and The Office of liie Third Seclor, atteThdir¥J relevant semir)ars and webiii ars and reading revant perlorf11$. Key management personnel remuneration The Trustees consider the board of trustees as comprising Ihe key management personnel of the Charily in charge of directing and contrdlirKJ the Clarity and wnning and operdtiTrg the Charty on a day to day basis. Ml the TrLtslees give of the:. time freely arKI no remuneration was paid tr) any of the Trustees in Ihe year. None of the TrLleeS leived reimbursernent of any expenses and there were no related party transactions 1h any of ttr Trustees.
FRIENDS OF ThE SICK {CHEVRAT Biia(UR CHOLIM) TRUSTEES. ANNUAL REPORT Statement of Trustees. responsibllltles The Trustees are responsible for prepariNJ Irie Trustees. annual report and Ihe firk3ncial statements of the Charity in accordance wilh applicable law and Unrted tfjngdom AcUntIng Standards (United Kirydom Generally Ac(Epted Accounllig Prtice). The law requires the Trustees trj prepare OUnts for eh financial year which give a Irue and fair VIÈW of the state of the Charity and of the iwmirrfJ resources and application of resources of Ihe Charity for that year. In preparing these accounts the Tnjstees are reqv.red to". select suitable accounting p)licies aTrJ thei appty Ihem consistenlly. observe the melhods and principles in Ihe Charilies SORP. make judgements w)d eslimates thal are reasonable arKI prudent., state WIther applicable accounting slandards have been followed. subject to any material departures disclosed and explained 14 the accounts,. a?d prepare the acc(HJnts on the going u)ncem basis unless it is inappropriale lo presume that Ihe Charity will contiw4e in operation. The Trustees are responsible for keeping proper accoLnting records that disclose with Teasonable accuracy at any lime the financial wsiton of the Chwity and enable Ihem to ensure that the accounts comply wilh the Charities (A(unts aThJ Reps} RegJbtl0 2011 and the provisions of the Rules constituting ihe Charily. They are also responsible for safegJi arding assets of the Charity aryj hence for laki'ng reasonable steps for the prevL.0 arKI detection of frathd ar¥J other irregularil'es. So far as each of the Tnjstees is aware". 8} there is no relevant informabon of which Ihe independent examit*r is urraware" aTrJ bl the Truslees have taken al5 reievanl steps that they OLhJht to have taken to make Ihemselves aware of aTry reletyant infor710n and lo estsblish that Ihe independenl examiner is aware of that infomiation. On behalf of the TNstees C i [,,L. Simon Sad(man 3J_) ZOLI Presidenl and Trustee
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOLIM} INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRIENDS OF THE SICK ICHEVRAT BIKKUR CHOLIM) 5 reFK)rt to the Trustees on my examinatn of the accounts of FrieTrJs of the Sick Ichevrat Bikkur Choliml (the chlty) for Il yea". ended 31 Decemtrr 2023. Responsibilities and basls of report As the charity trustees of the Charty, you are resoonsible for the prepardl'on ofthe Charitys accounts in 8ccordance with Ihe requirements of Ihe Chailies Act 2011 (the Act). I report in respecl of my examination ofthe Charity's accounts earned out jer sedion 145 of the Acl. In carryng out my examination I have followed ajl the applible directions given by the Charity Commission under secL.on 145151(bl of the Act. Independent examinerfs statsment I have completed my examTnation. l Éxmfirm thal no materigl atterS have come to my attention in conneclon with the examinaton g£v'.Ag cause lo believe that in any material respect. arn1j records were ftol kept in respect of the Charity as required by sedton 130 of the Act or 2. the accounts do rKrt acttjrd V1h Ihose records; or 3. accounts do rv)t compty wtth the applicable requirements (xjncerning the fonn and content of accounts set out in the Cha4 (Accounts and Reports) Regu';alions 2008 other tha any reqtjirementthat the aecounts g ve a true and fair Mew which is wt a matter consdered as part of an independent ex2miThatioTr. I have no COnmS and have come across rK) olfEr matters in connection th the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accout)ts to be reached. Anthony Epton BA FCA CTA FCIE GoldwiThs Chartered accountants 75 Maygrove Road West Hampstead London NW6 2EG -.io. aujy 2024
FRIENDS OF THE SICK ICHEVRAT BIKKUR CHOUM) SLitemènt of financial activities for the year ended 31 December 2023 Total Total funds funds 2023 2022 All unrestricted Note Income Don8tions and leg&ies Charttable aclivrties Investrnent inconie 58,827 23,519 13,094 45.371 33,284 10,657 Total ir)come 95.440 89,312 Expendliure Raising funts Charitable activitj.es 15.038) {86.851) 12,161) (97,6981 Total expenditure 191,8891 (99,8591 Net surplLtslldefiut) 3.551 (10,547) Net (defjcitl on investments (4,3281 (10,8641 Net movements in funds 17771 (21,4111 Total lur)ds brought forward 334.495 355,906 Total funds carried forward 333.718 334,495
FRIENDS OF THE SICK (CHEVRAT BIKKUR CHOLIM) Balance sheet as at 31 December 2023 2023 2022 All unrestricted Note xed assets Investments 179,870 184,198 Total fixed assets 179.870 184.198 Current assets Debtors Cash al bank ar in hand 10 4,561 153.524 8,286 147,801 Total current assels 158.085 156,087 Liabllilles Creditors: Amounts falling due within one year 11 (4,2371 (5,7901 Net CUTrent assets 153,848 150297 Totsl net assets 333.718 334.495 The funds of the Charity: Unrestricted funds 333.718 334.495 Total funds of the Charity 333.718 334.495 The Board of Trustees approved the accounts on 2J42oL ((- I, Simon Sackman - President and Trustee chard
FRIENDS OF IHE SICK (CHEVRAT BIKKUR CHOLIM) SLitement of cash flows for the year ended 31 December 2023 2023 2022 Cash flows from operatlng actlvltles: Net cash (used in) OFÉYalin9 NitIeS (7.371) (18,5261 Cash flows frcth investing activities: Dividends and inleresl from inveslments 13,094 10,657 Cash flows from tanglble fixed assets Proceeds on sale 4LX> Net cash provided ty invesr4J acliwlies laruible fixed assets 13.094 11,057 Net G4sh generated byl{used inl fironcing &tivities 5.723 17,469) CharrfJe in cash and cash ewivalents in the reportiry peric#Y 5,723 17.4691 Cash and cash equiwdler)ts at start of Ihe rewrting pericKI 147.801 155.270 Cash and (ssh equivalents at end oflhe reFX)rkn"rg period 153,524 147.801 Analysis of cash and cash equivalents Cash at bank- current and deposit accounts 153,524 147,801 Na lexpenditurel for the reFxirtiry pericxj (as per the Stement of financial activiies) (777) 121,4111 Adjuslments". Depreciation Unrealised losses on inveslments Dividen(Is and interesl on investments Decrease in debtors (Decreaseylncreasel in creditors 58 10,864 110.657) 702 1,918 4,328 (13,0941 3.725 11,5531 Net cash (used inl operalt.ng tiV(LIeS (7,3711 118,5261
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOUM) Notes to the financial statements for the year ended 31 Deeember 2023 Accounting polides 8asls of preparation of accourts The financial statements have been prepar8S in accoTdance wrtk, Ihe Charity's goveming documen( the Ctr..arilies Act 2011 and "AccoJJr..tspg aJd RerK)rtiro by C?erilies: Statement of RMrnellded Practice applwAblo to chantes prepariig Iheir acryjunts in accordance with Finarrt&41 RÈpwbng Standard aPIcable in the UK and Republic of IrelarKJ (FRS 1021 (effective 1 January 20191-. The financi¥l 5taternerts have departed frLYn lkne Charities (Accounts and ReFrts> Regulab"ons 2008 only to the extent required to Txovide a true and fair wew. This departji re has involved following the Statement of Recommended PraCte for chasilies applying FRS 102 ralher Ilan Ihe version of the Statemer..l of Recorrnended Practre which is Teferr to in the RegulatHs but which has since been wrthdrawn. The financial statwnents aEe prepared in sierfng. which is ttre funth.onal currency of the ChaTIty. Moretary 8FT]ounts In the finawaS statements are rwnded to the nearest £. The financial staterrents have teen prepats UThi rthe hiotorical o)st LL)nven"on modrfied to include the r8valLJation of certan finanaai StruMents atfairvalue. The prncipal alxourrting poiicies aok)pled are sd out below. Public benefft entlty The Charty cornslitutes a public benefft entity as defined by FRS 102 The Charity is an unincorporated associatts)n that is (knmioled in England and Wales. Income and endowments l items of irwme are )unted for when the Charity is ented to the income arHI the aTh)unt can be quanlified wrth reasonable accuracy. The follong specffic wliaes are applied io particular categories of Irme.. Volunlary iome received by way of donations asJ 9raThts is included in full wFen receivable ar)d credited tc etther unrestricted or reslricted income as appropriate. Contributions from clients are accour&ed br on a recawable basis. after makn.ng promsion for bad or d(HJbffiJl debts. Investment income is indwjed when receivable. Legacies are accounted for as irwnirKJ re)urceS, ether on rei2ipt or where the receipt of Ihe legacy is virtually certain. The latter ¥'.11 be once (x)nfimiation has been received from the represenlatives of the estate lh pasynent tsf Ihe gacY wil be made or property trartsferred On ali contrtions atlached to legacy have been fulfilled. Grants Grants. whether from Govemment. Lo(xl AJJlhorrties or otr$, a recognised as an incomi resource whery the Charity becomes enttued to them. which is when a formal offer of funding is commurmcated in vrriliro lo Ihe Charity.
FRIENDS OF THE SICK (CHEVRAT BIKKURCHOLIMI Notes to the financial statsments for the year ènded 31 December 2023 Aceounting polieles Expenditure Expenth'ture includes irrecoverable VAT where appli(2ble and is included on arh accruals basis. Charitable eXFIltUre comprises th costs Irred by the Charty in the delivery of its activf(ies and services fer its berEfioaries. It indudes costs that can be allocated directly to swh &tivfties as well as Ihose costs of an indi¥ect Thature to support knem. G)vernance cosls include tFK)se Ix)sts assctialed with ff£eting the constitubonal and slatutory requirements of the Chartty aThJ Indje alt[IrMpeThlent examinalion fees and costs linked to the strategic marwemert of Ihe Charity. Flxed assÈt investments Fixed asset ir)vestments are primaity hekj lo generate ircome and are Inc[kd initially at cost price and subseqaentty al fair vaue (market value) atlhe balance sheel date. The Stalement of financial acts"vittes inclLKJes the r{ dirts and losses ON revaluation and Irf applicable) disposal during the year. Financial instruments The financial instnlNnts of clty comprise bank balars. including monies or) dewsit and deblors and creditors. Bank balaices e accounted for based on cash held. Debtors and crediloTS are ITlded at amounls settled afteT any discounts. Fund attounting Funds held by the Chwity are e)er.. Unrestrided fjJrKJs, Wilich may be used in rdance wilh the tharitable objects of the Charity al the Trustees. discretion,. or Restricled fuTMls. v1hh Fnay only be used in accordaw with Ihe wtshes oflhe relevant (Jonors. Crftlcal accounting estlmates and judgements In the application of Ihe Charws accounlirKJ prjicies the Trustees are required to make judgemenls and assumptioqs atXlLrt cary'ng amoJnt of assets and liabililies that are not readily aooarent from ollier sources. The eslimales and associated assumptions are based o historical experien and olher factors that are consKlered to be relevant. Actual results may differ from these esl'mates. The estimates and uThJerlyirKJ assumptiors are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in wnieh the e.mate is revised Vrtre the rewsion affects only that period, or in the peri(xl of the revision and frjture periods where the revsion affects both ojrrent and fijtu Deriods. io
FRIENDS OF THE SICK ICHEVRAT BIKKUR CHOLIM) Notss to the financlal statements for thè year ended 310e¢ember 2023 Donations and legacies Total 2023 Totsl 2022 Donatior 58.827 45.371 58,827 45,371 Income from charltable actlvlties 2023 2022 Contributions from clients 23,519 33,284 Investment Income 2023 2022 Income from Itsted investments Bank and other interest 10,717 2.371 10,404 253 13,091 1a.657 Raising funds 2023 2022 Advertising and aPFal expenses 5.038 2.161 5,038 2,161 Charitable activltles 2023 2022 Support workers, salaries Support workers, travel expertses a personal protective equipment Administration and IT eosls Bank and credit card charges Auditors, fee adjustrnenl Independenl examiner's fee Legal fees 37,790 41302 4.186 40.694 221 4,048 45.420 198 3,960 3,600 1.560 86,851 97,698 li
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOLIM) Notes to Ihe flnancial ststements for the year ended 31 December 2023 Governance costs Governan costs iThYuded in charttable advities are: 2023 2022 Auditors. fee ]jUstment lThYepndent examiner's fee 570 3,600 3,960 Salarles 2023 2022 Support workers, salaries Office and adminislration salarS Employe.-'s National InSUrae Per)sion contributions 37,790 32.500 42,428 31,250 116 3.500 3.5CrfJ 73,790 77,294 The number of employees dunng mosl of Ihe year vras 8 (2022.'101. which included 712022.. 91 support workers. No employee eamed over E60.0(M). The Trustees are tl* key management ofthe Charityal rK) remuneralion was paid, or expenses reimbursed, lo any of them. Fixed asset investments Listed Investments At l January 2023 Revaluatio 184,198 (4.3281 At 31 Dember 2023 179,870 The listed inves1[rnts comprise 12.i34.57 Sterfing IrKX)me units in M&G Equities Investmer)t Fund for CharfLies ICharifLtndl. which is managed by M&G Securities LirNted. 12
FRIENDS OF THE SICK {CHEVRAT BIKKUR CHOLIM Notes to the financial statsments for the year ended 31 December 2Q23 10 Debtors 2023 2022 Olher debtors Accrued income Gift recoverable 2,335 t,879 407 8,286 4,561 8,286 Creditors: Amounts due within one year 2023 2022 Taxation and socta security costs Other creditors and accnjals 277 3,S60 331 5,459 4,237 5.790 13 GOING CONCERN The Trustees are of the opinK)n that the Charity is a corwn for the foreseeable future. Related party traTrsactlons Includlng trnstee expenses 14 There were w trans&tior6 with any of Ihe Trustees no Twstee received any emoluments or expenses. The Charity has pul in place trustee indemnity irtsurance, the annua premium tor which 5$ £351 12022.. £351). 15 Taxation The Charily is a registered cha.ity and fK)t liable to tax on its charitable activities other than value added lax paid, which is Troi recoverable. 13