Translated from Hebrew
Aleh Jerusalem Center (R.A.)
Financial Statements as of December 31, 2017
For the year ended
Dec. 31, 2017 Dec. 31, 2016
NIS NIS
Note 13: Administrative and General Expenses
Salaries and wages—administration
Professional services
Office supplies
Postage and telephone
Rent and maintenance
Motor vehicle
Per-diem, refreshments, and transportation (including
advance income-tax payments for surpluses)
Taxes, fees, and dues 1,380,614
238,101
176,212
59,665
150,408
68,668 1,3 68,102
211,240
173,910
69,378
180,082
65,937
60,907
7,604 67,224
1,303
Total 2,142,179 2,137,176
Note 12: Related Parties and Transactions with Related Parties
1.
2.
3.
4.
5.
The Association is part of the Aleh network of dormitories. The network includes 4 dormitories,
as follows:
Aleh Jerusalem Center (R.A.), 580265155, Jerusalem (the Association)
Aleh Negev–Nahalat Eran (R.A.), 580354637, Merhavim Regional Council
Aleh Moriah (R.A.), 580094381, Gedera
Aleh—Help for the Special Child (R.A.), 580040301, Bene Beraq
Some of the associations have the same director general; each association pays part of his
salary.
The Association’s deputy director for finance, administration, and development also serves as
deputy director of Aleh Jerusalem Center (R.A.) in Jerusalem and Aleh Moriah (R.A.) in
Gedera.
The associations have an agreement to have a joint public relations and fundraising
department. The department is operated and managed by the Association. The department’s
costs are divided among the associations based on the ratio of donations actually received for
each association.
The aforementioned associations have an agreement regarding a joint finance department,
including bookkeeping, payroll, professional consulting, and employee training.
Balances with related parties as of Dec. 31, 2017:
Debit
Aleh Negev–Nahalat Eran (R.A.)
Credit
1,608,467
Aleh Moriah (R.A.)
8,562
Aleh Moriah (R.A.) - Loan
707,791
Aleh—Help for the Special Child (R.A.)
14,848
Transactions with related parties, 2017:
Aleh Negev–Nahalat Eran (R.A.)
Income
Donations via the related party
Donations for the related party
From the Ministry of Social Affairs via the related party
From the health funds for the related party
Expenditure
Participation in salaries, maintenance, and public relations
Income
Expenditure
388,609
67,630
1,532,661
( 64,500 )
995,849
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SZYMONOWICZ SZ & CO. CERTIFIED PUBLIC ACCOUNTANTS (ISR)
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