Charity number 0281538
BRITISH FRIENDS OF EDITH WOLFSON HOSPITAL
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021

BRMSH FRIENDS OF EDrrH M)LFSON HoSP￿AL
CONTENTS
Reference and administrative details of the Ch•ity. its Trustees and ad¥lsers
Trust•¢s' report
Independent examin•es report
Statement of financlal actlvitles
Balancg sheet
Notes to th¢ financial statements
Page
8-14

BRMSH FRENDS OF EDffH WOLFSON HOSPITAL
REFERENCE AND ADMINISTrATIVE DEfAILS OF THE CHARrrY. trs TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 5 APRIL 2021
Truste8$
Paisner. Trustee
D Cohen. Tnthstee
Chty reglstgred
number
0281538
Principal office
Pa￿￿ Hicks Beath LLP
Lincoln's Inn
10 New Square
Lond
WC2A 3QG
Accountants
Elman Wall LimFted
Chartered Accountants & Registered Au(lrtors
8th FkK)r, Becket H￿se
36 Old Je
London
EC2R 8DD
Bankers
B&days Bank plc
1 Churchill pla￿ Level 27
Canary Wharf
London
E14 5HP
Sollcitors
pa￿￿e Hicks Beach LLP
Lincoln's Inn
10 New Square
London
WC2A 3QG
Page 7

BRMSH FRIENDS OF EDifH WOLFSON HOSPtrAL
TRUSTEES. REPORT
FOR THE YEAR ENDED 5 APRIL 2021
The Trustees present their annual reptyt togeth￿ with the financial ststements of the Charity the 6 April 2020
to 5 April 2021.
Objgctives and a¢tivfti8s
a. Policles and objectives
The t*aritys prtncipal objective i% to pr￿nOte the tharItab￿ alms. object and activities of the hospital. and
charitable purpose or purFxises ￿nnected wilh the athar￿Ment of the medical and surgical scien￿.
In setting objectives and plamiThJ fLf &tiwbes. the Trustees tsve wen due consideratiC￿ lo general guidance
published by ￿ Charity C¢￿mISSK￿ rdatiThJ to W￿1¢ benefiL induding ￿ guidance 'Public benefrt.. running a
charity IP821'.
Achiev•ments and FwfomMnc•
Financial r•view
Donations and investment ÉrKome during Ihe year totaHed £427.(X)212020. £9). tlonalions arKI other (xjtgoings
were £428,225 {2020: £76.200). Eyndilure ex(wJed income ty £1,223 12020.. Expenditure ex￿eded income
by £76.191). drfreasirTg the funds balance to £631 {2020.' decreasirKd the funds balance to £1,854).
The Charity derives its In￿ entirdy donat[￿￿.
The Charity is exempt from UK tax as ¢￿n￿mI&l ￿ H M fte¥en￿ and Customs. and És Trgistered for Gtft Aid.
. Going conc•m
After makin9 appropriate enquines, the Trustses have a reascffl*4e exredation that the Charity has adequate
resoLtr¢es lo continue in operatKJnal existen￿ for the foreSeea￿e ftAture. For this reasrj). they continue to adopt
the going concem basis in preparing the finanLial statements. Further details regarding the ali)ption ol the going
concem basis can te found in aCC￿n￿Nd pc4ries.
b. Reset¥es pollcy
At the end of the the ba[an￿ sheet reserves of£631 in an unrestrided g￿eral fund.
. Methods of appolntment or election of Trustees
The management of the Charity is Ihe resp)n9b￿1ty of the Trustees are elected and i)>opted under the
lemis of the Dedaration of TnJsl.
The charity is unincorrKJrated and is govemed by the Dedaration of Tftjrt dated 21 November 1980 ar
amended 5 January 2010. There have been no clww in the obieths wnce the last annual ret¥YL
Page 2

BRrnsH FRIENDS OF ED￿1 WOLFSON HosNr
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2021
Statement of Trustees. responslbiltties
The Trustees are resp￿SIble for preparing the Trustees, reKL)rt and ts finanoal statements in accordan￿ with
applrable law and Unrted A(mmtiryJ stand￿ds (Uniw lfjngdom Generally Accepted Ac(x>unting
Practrce).
The law appl￿t￿e to tharities in England & Wales requires the to Wep8￿ financval st2tements for
each financial which grve a true and fair view of the state of affars of the Chaity and of ils incoming resources
and appltcatiL￿ of resources. induding its inccwne and eXFwtd￿re. for that ￿1C¥￿. In prepartng these financial
stslements. the Trustees are requI￿d to-.
sele(a suitable accounting W￿leS and then apptylhem consi8lenll￿,
observe the methtyjs and priwples of the Charitres SORP IFRS 102)..
make judgments and ac￿IntIng esb'males that are reasonab￿ and prud*rt",
state whether applt¢able UK Aeo)unting Slandards IFRS 102) have been fclbwed. subj'ect to any material
departures disclosed and etyain￿ in the finanoal statem8nts",
prepare the financial staiements on th8 9)ing basis unless it kg rnapprcyiate to p￿sum& that the
Charity wll o)ntinue in business.
The Tnjslees are ￿p(￿sible for keeping adequate acc(yJnting records that a￿ suffioent to show and explain
the Charivs transactions and disclose with rea￿￿alle accxjfacy at any time the financial kK)SitI￿ of the Charity
and enabje them to ensure that the finanaal ststements compty with ￿ Charttres Act 2011. the Charity
IA¢¢ounls and Reports) Regulations 21x18 the provisK)ns of the . Ttey are also responsible for safeguarding
the assets of the Charity and hen￿ fLY tsking reasonatAe steps for the wevention arKI detection of fraud arxj
other irregularities.
Approved by c￿r of the memlHs of the board of Trustees 8nd signed on their behalf ty.
Paisnor
(Trusteel
Date..
Page 3

BRMSH FRIENDS OF EDtrH WOLFSON HOSPITAL
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 5 APRIL 2021
Independent Examinèrfs R•port to the Truste•s of ￿lI1$h Fiiends of Edith Wolfson Hospltal
(Yhe Charrty?
I report lo the charity Trustee￿ my exaMinatiC￿ d the &ctyJnts ofthe ￿rIty the yearended 5 April 2021.
R•sponsibilitles and Basis of Report
As the TTUStees of the Charity ￿)U are rest￿sIble frK the weparalirK) of the acoKJnts in accordance wth the
r￿Ul￿ments of the Charilies Act 2011 fthe 2011 Acri.
I repcxt in resped of my examination of the Chariws aco)unts (arried out urKler sedicm 145 of the 2011 Act and
in carrying OLrt myexamination I have folkx¥ed t1￿￿t￿ble Direth"or6 g¢ven by the Charity Commission under
seclion 145151(bl of ￿ 2011 ACL
Indopendont ExaminÈrfs Statement
Since the Charivs gr(kSS irmme exceeded £250,IXMI wr examiner must ￿ a member of a body listed in
SeCtiC￿ 145 of the 2011 Act I confirm that l am qualified to undertake the examination becausg l am a member
of the Instityte of Chartered ALxountsnts in En￿and and Wales. whth is one oflhe listed bodies.
Your attention is drawn to the fa¢t that the Chanty has wepared the accounls in accordance vitth Accountsng arml
Reporting by Charities." Statement of Recommend￿ prad1￿ atplicable to charrbes preparing Iheii accounts in
a¢cordan¢e the Financial Reporbng Standard applicatAe in the UK and Republ￿ of Iroland IFRS 1021 in
preferen￿ to the Accounting and Rewrting by Ckwities: Statement of Recommended Practic& issued on 1 Awil
2005 ￿1¢h is referred to in the extant regulations but has been IMtFNJrawn.
l undersland Ihat this has been done in ¢Nder for the a￿nts to provide a true and fair view in accordan¢e ¥wth
the Generalty Accepted ACCI￿nting practi￿ effective for rekK*ing periods teginning or after 1 January 2015.
I have compth myexaminatTh. I confim that no fflatters have LX)me to my attention in ￿)neCtIOn with the
examination giving me cause to ￿lieVe that in any material resr*eL'
accoLFnting rwds were not kept in respect of the Charity as r4uired by seclion 130 of the 2011 Act., or
the aCc￿jnts do not acctyd knlh Ilw)se reC￿ds.. or
the acC￿￿nts do not o)mpty with ￿ applKxble requirements conceming the fom and ￿nIent of
accounts set Olrt in the Charttres [A0￿nts and RepMThtsl Regulatrons 2008 other than any requirement
that the accounts gTve a ITue artd fairf vmv **Jit* is rKJt a mattw (y)nshlered as w of an independent
examinatir￿.
Pa9e 4

BRtrisH FRIENOS OF EDrrH WOLFSON HOSPtrAL
INDEPENDEKf EXAMINER'S REPORT {coKllNUEO)
FOR THE YEAR ENDED S APRIL 2021
I have no concems and have (￿le auoss no mattels in COnnectM￿ ￿th the examination to which
attention shoutd bo drawn in this report in order to enable a PTOFW understanding of thè ac(xJuftts to be reached.
si￿ed.
Dated.. 11 Odober 2021
Elman Wall Llmited
Chartered A(zountants & Regi*wed Audr[￿5
8th Fk)or. Becket House
36 Old Jey
L￿d0￿
EC2R 8DD
Page 5

BRMSH FRIENDS OF EDMI WOLFSON HospifAL
STATEMEKf OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 5 APRIL 2021
Unrestricted
funds
2021
Total
funds
2021
Totsl
funds
2020
Incom• from:
D￿atiOnS and legaues
Investments
427.C
427,(XK)
Total income
Exp#ndhur¢ on:
Charitable actiwlies
427,002
427,(L12
428,225
428,225
76,200
Total •xponditure
428,225
428.225
76.200
Ngt movement in funds
Reconciliation of funds:
Total funds knughl fonydrd
Net movement in funds
{1.2231
11.223)
{76.1911
78.045
176.191)
11,223)
{1.223}
Total funds carried forw¥d
631
631
1,854
The notes on pages 8 to 14 fm part of Itw financial Stat￿ents.
Page 6

BRITISH FRIENDS OF EDrrH WOLFSON HOSPtrAL
BALANCE SHEEr
AS AT 5 APRIL 2021
2021
2020
Flxod assets
Current assets
Cash al bank aThJ in hand
4.231
4,254
Creditors.. amounts fairing du8 within t
4231
4.254
(3.6(h))
(2.4￿)
N8t current assgts
631
1,854
Total assets losts ¢uTront liabilities
631
1,854
Total net assets
631
7,854
Charity funds
Restr*cted funds
Unrestricted funds
631
1.854
Total fund$
631
1,854
The financial ststements were appYov&J and aU￿iSed for issue bythe Tnjstees and SIg￿ on thoir by.
M Palsner
(Trustee)
Dale_.
The notes or7 pages 8 to 14 form part oftFw ffinancxal statern￿ts.
Page 7

8RmsH FRIENDS OF EDrfH WOLFSON HosprrAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2021
Accounting policies
1.1 Basis of prewation of finan¢ial 5tatem&nts
financial ststements have been prepared in aeccrtfan￿ Charities SORP (FRS 1021-
Att￿￿nting and ReFK)rtin9 by Charibes.. Statemerst of Recommended Practice applicable to charities
preparing their accounts in arL(￿daE￿e the Fin8ncial Rep)rbng Standard applicable in the UK
and Republic of I￿lalld IFRS 102) leffe￿1ve 1 January 20191, the Financial Reporting St8ndard
applicable in the UK R￿bI￿ of are1ar￿ IFRS 1021 arKI the Charibes Act 2011.
The financial statements have been p￿pared lo gNe a Ynje and faif view and have departed from
the Charities (A¢wunts and Rewrts) Regulations 2¢J)8 only to Ihe ￿ent required lo prowde a 'lriJe
and faiff view. This departure has Inv￿Ve￿ followTng the Chaittses SORP IFRS 1021 published in
October 2019 rather than the Act>JJnting arKI Repmyting by Charities.. Statement of Recommended
Practtce effective from 1 Wil 2005 vthich has since been vAthdrawn.
British FrierKls of Edrth Wdfw Hcwilal meets ts definilion of a W￿1¢ knefit entity under FRS
102. Assets and liabilities a￿ inttialty rwnrsed at histor￿1 cost or transaction value unless
olhewse stated in the relevant axountsng
1.2 Income
Al income is recognised once the Charity has ￿lI￿ement to the #K4)me. it is probable that the
income will ￿ received and amount of inccffie wxvabie (an be measured reliably.
AJI inc(xning recour￿s relate to unrestricted fvrmls. Investment inc(xne in(4udes bank interest on
re￿1vable basis.
1.3 Expenditure
Donations and gffts are made to inststutl￿S whose (A¥ethFves are in line V￿th the chariV8 own.
Donations ar￿ gifts a￿ tharged in the year the offor is to the recipienE ex￿p1 in
those cases where the offer is t)￿￿1￿0n01.' such dOnati￿S are rectgnised as expenditure when
CO[￿ltiOnS attaching a￿ fulfilled.
Other expEndiiure ccmFHises fees. EXFeTrJ[￿re incknjes aitributable VAT vthith cannot be
recovered.
Expenditure on ¢*arital￿e *ivibes on diredy undertaking Ihe ao*wbes WTr￿(*b fvrther the
Charitys objectives. as ¥￿11 as any asscKiated suppcrt costs.
1.4 Interèst reeeivable
Interest on funds held C￿ deF#)sit is induded vthen receivable and the amC￿nI can be meAsur
reliably by Ihe Charrty, this is normalty upon notificati(￿ of the interest paFd or payable by the
institution wth whom the fvnds a￿ thp)5iW.
1.5 Cash at bank and In hand
Cash at bank and in hand indudes cash and sts)rt-term hyhty fiqurd investrnents Iwih 2 short maturity
of months or less from the date of acquisibcn or open¥NJ of the deposit or similar ac(yJunL
Page 8

BRITISH FRENDS OF EDtrH WOLFSON HOSPtr
NOTES TO THE FINANCIAL STATEMEltrs
FOR THE YEAR ENDED 5 APRIL 2021
Accountlng policies {¢ontinu•d)
1.6 Liabilities and provislons
Liabilities ara wnised when trEre is an obligation at the Balance sheet dale as a resurt of a past
event, it is probable that a transfer of e￿nOmiC benefft V*?A be required in settlemenl. and the amount
of the settfement be esb"mated rebatAy.
Liabilities are reccxJnised at the arn￿￿t that the C￿rity anbt>pates it V*ill pay to settle the debt or the
amount rt has received 8s advar￿d pa>Thents forthe gX¥Js cff seNos il must provirje.
Prowsir￿S 8re measured at the LEst estimate of the am¢JJnts reouired to settle the obivJation. Where
the effect of the time value of mcn8y Is matwtal, the wovision is based on the preseftt value of those
amounts, discwnted at the pre-tax discount rate that reflects the risks speufic to the liabilty. The
unwnding ol the ¢Jiscount ts recwiised in the Staknent ￿ finaThial activib.es as a ffinan￿ cost.
1.7 Fund accounting
General frjnds are ￿n￿Stricted funds vthich are available fLY LFse at the discretion of the Tnjsteesin
fvrtherance of the general objthes of the Charity and thch have nc4 been d￿l9￿ated for other
purwses.
Income from donations and legacles
Unrestrided
fijnds
2021
Total
funds
2021
Totsl
funds
2020
attons
427.000
427,C
Investment in¢ome
Unrestrtct
funds
2021
Tolal
fijnds
2021
Intsrest reCeiVa￿e
Unrestricted
funds
2020
Total
funds
2020
Interest receiwdtAe
Page 9

BRMSH FRIEIIDS OF EDtrH WOLFSON HOSp￿AL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
Invgstment incomelcontinued)
Analysls of exp¢nditur• on charitable actlvitl
Summary byfund typ•
Un￿StriCted
funds
2021
Total
funds
2021
Society of Friends
1.2CK)
427.025
1.200
427.025
428,225
428,225
Unrestricted
fijnds
2020
Total
funds
2020
A¢o)untancy (x)sts
of Fri8rKIs
1.2(M)
75,000
1,200
75.000
76,200
76,200
Anatysis of expenditure by actlvitlès
undertake
directty
Support
costs
2021
Totsl
funds
2021
Accountan¢y costs
Society ol Friends
1,21)0
427.025
427,025
427,025
428,225
Page 10

BRITISH FRIENDS OF EDifH WOLFSON HOSPffAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED S APRIL 2021
Analysis of expenditure by activities(¢ontlnued)
undertaken
directjy
2020
Totsl
funds
2020
2020
A¢xourrtancy costs
iety of Friends
1,2(KJ
75.000
75.(
75.OCK)
76,2Crt)
TNstoes' remuneration and expenses
During the hEar. ￿ Trustees ￿1ved any r￿￿erati(￿l cf other beneffts12020- £NIL).
During thè yearend&J 5 April 2021. no Trustee expenses have tEen in￿rred(2020- £NIL).
Creditors: Amounts falllng du• wrlhrn year
2021
2020
Accruals and deferre(f inccme
2,400
Financlal Instrum•nts
2020
Financial assets
Financial assets mtrdsured at fair Val￿ thrw income and exF¢ndiiure
4.231
4.254
Page 11

BRMSH FRIENDS OF EDrrH WOLFSON HOSPITAL
NOTES TO THE FINANCIAL STATEMEiirs
FOR THE YEAR ENDED 5 APRIL 2021
ststement of
Statement of funds . currert year
Balan￿ at 6
April 2020
Incune EXpendI￿r
Balance at 5
April 2021
Unrgstrkted
General Funds- all funds
&￿iety of Friends
Ac(x)unting fees
1.854
427,002
428,856
1427,025) (427,0251
(1.2001
11,2001
1.854
427.002
(428.2251
Page 12

8RmsH FRENDS OF EDrrH WOLFSON HOSPITAL
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 5 APRIL 2021
Statement of funds (contlnuèdl
St*ement of funds- prioryear
Balar￿£ at
6 Awil 2019
Balance at
InC￿e &wditure 5 April 2020
Unrestri¢tod fvnds
General Funds- all funds
S(￿￿tY of FrierKIs
Accounting fees
78.045
78.054
175,000)
{1.2001
(75.(￿)
(1.2001
78.045
(76,2001
1,854
10. Summary of fvnds
Summary of funds. eurrEnt yoar
BalaTh% 8t 6
Aprtl 2020
In¢￿e ExpendibJre
Balance at 5
April 2021
General funds
427.002
{428.2251
631
Summary of funds- wioryèar
Balar￿ at
6 Apnl 2019
Balance at
Iru¥ne Exwiditure 5 April 2020
Generaj funds
78.045
{76,200}
1,854
Page 13

BRtTISH FRIENDS OF EDITH WOLFSON HOSPITAL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
11. Analysis of net assets between funds
Unrestricted
fijnds
2021
Tolal
funds
2021
Current assets
CreditCKs due ￿￿1¥￿ ￿ year
4231
13.6001
4,231
(3.6001
Total
631
631
Unrestricl*J
ftjnds
2020
Total
funds
2020
Current assets
Creditors due V*11￿n one year
4254
(2,400)
4,254
12.41)01
1,854
12. Rglated party transactions
The Charity has not entered into any related party transaclion durirKJ the year. nor are there any
outstanding balar￿e$ owng rel8ted parties and the Charityat 5 Awl 2021.
Page 14