Charlty règlstratlon numb•r 1006839 Company reglstratlon number 0259S407 (England and Wales) ZEDOKOH BECHOL EIS LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
ZEDOKOH BECHOL EIS LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees J Be1kt H Benediki Charity nurnber 11K)6839 Company number 02595407 Ind•pand•nt •xamln•r CHS Accountants Limi Lower Ground Flc¥)r. 13 High Road London N15 6LT
ZEDOKOH BECHOL EIS LIMITED CONTENTS Page Trustees. report Statèmant ol trust. r&$rSIbilIti&S Indèpendènt &xamin*ls reFX)rt Statèm8nt ol finandal activiti8$ Balance sheet Notes to the financial statements 7-14
ZEDOKOH BECHOL EIS LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The trustees, who are also directors of the company for the puryjose of company law, present their annual report and financial statements lor the yeaf ende(131 March 2023. The financial slalements have been prepared in accordance with the accounting poliaes set out in note 1 to the financial statements and comply wth the charivs Memorandum and Artides of Association. the Companies Act 2006 and 'Awounting and Reportyng by Ch8rits'es.' Sla¢ement of Remmended Praoti¢e applicable to Charities preparing their awounts in acwrdance with the Financial Rep(xting starard applicable in the UK and Republic of Ireland IFRS 1021. (effective 1 January 20191. ObJ8etlv•s and actlvltl•$ The objects of the ch8ri¢y are.. the relief of povety. the advancemenl ol the Jewsh faith by supporting religious and educ8tion81 institution5 both n8tion8lly and overseas. supportbng sthd8rs of the Jewish f8iih by relief of poverty. Public bonèfil The trustees have paid due regard to guidarKe issued by the Charity Commission in deciding what activity'es the charity should undertake. A¢hlgv¥mont$ ond pgrforman¢o Significant activities and achi&vem&nls against obj1$$ During thg year the eharily ntinUed its ordinary activities. Dty)ation$ fe¢eived 89gregatsd £250,826 12022.. £81,012) and thè grants mada totalled £8S,15812022." 92.2071. Flnanclal r•vl•w The charity continued lo ¢¢1¥¢ in¢omo frcth investmtrnts similar lo previtius year. The Iruslees were $81isfi&d wilh the sU11$. The financlal results for the y6ar to 31 March 2023 are fulty mfiected in lh6 Accounts and notes thereon. Res6Nes policy The trust88$ do not seèk to maintain rgs&Nos. Othgr than to fjn$urg Ihat théy ean eontinuo thè activKias of th¥ chadty. As at 31 March 2023 the level of reserves was £268.640 {2022.' 99.9681. Structure, governance and managemvnt Thè eharity is a cotnpany Iirnited by guarant•è arwj is govam by rts Mamorandum and of Association dated 26 March 1991. The trustees, who are also the directors for the purpose of o)mpany law. and who served during the year and up to the date of signature of the financial statements were: J Benedikt Benediki ReGruitment 8nd apptMent of twstges The power lo appoint new trustees is vested in the board. It is not the intention of the Iruslees to appoint any new trustees. Should the situation change in Ihe futu. Ihe trustees will apply svitable recruitment induction and training prw*du$. Non8 ofth8 truste8s has any b8nefiual interest in lh8 cornpany. All of the trust88s ar8 m8rnbers of th8 company and guarantee to contribute £1 in the event of a wnding up.
ZEDOKOH BECHOL EIS LIMITED TRUSTEES, REPORT IINCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The trustees, report was approved by the Board of Trustees. H Benedikt Trust99 29 JLJIY 2025
ZEDOKOH BECHOL EIS LIMITED STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2023 The trustees, who are also the directors of Zedokoh Bechol Eis Limited lor the purpose tsf company law, are responsible lor preparing the Trustees, Report and Ihe finanaal slalements in accordance with applicable law and United Kingdom Accounts'ng Standards (Llniled Kingdom GenerallYApled Accounts'ng Practice). Company Law requires the trustees to prepare financial slalements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, induding the inc0rn8 and 8XP8nditur8, of th8 charitable company lor that year. In preparing these financial statements, the trustees are required to.. select suitable accounting Oicies and then apply them o)nsistenlly- - observe the methods and principles in the Ch8nb8s SORP.. makè judgemènts and &stimatès that a aSOnabl* and prL$ThI., state whether applicable UK Accounbng Slandards have been followed, subjecl to any material departures disclosed and explained in the finanaal statements.. and prepare the financial statements on the wng concem basis Unless il is inappropriale to presume that the charity will continue in oper8tion. The Iru$lges are reswnsible lor keeping adU418 accounting records that disdow with rgasonablg accuracy 81 any time the financial position of the charity and na them lo ensure that the finanoal statements comply with the Companies Act 2006. They are also r&sponsible for safeguarding th& assets ol th& charity and hence for taking reasonable steps for the prevention and detection of Iraud and other irregularities.
ZEDOKOH BECHOL EIS LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF ZEDOKOH BECHOL EIS LIMITED
I report to the trustees on my examination ol the finan(ial statements of Zedokoh Bechol Eis Limited Ithe charity) for
the year ended 31 March 2023.
Responsibllitles and basis of report
As the trustee5 of the charity land also its diréctors for thè purpos8s of company lawl you arè responsiblè for thè
preparation of the finanaal statements in accor¢Jance with the requifements of the Companies Act 2006 Ithe 2006
Act).
Having satisfied mysem that the finanrial statements of the charity are not required to be audited under Part 16 of
the 2006 Act and are eligible for independent examination. l port in respect of my examination ol the charity s
financial statement5 carried out under section 145 of the Charits'es Act 2011 lthe 2011 Act). In carrying out my
examination I have followed all Ihe 8ppIic8ble Directions given by Ihe Charity Commission under section 14515llbl
of the 2011 Aet.
Ind•p8nd•nt •xamSn•rf• 8tat•m•nt
Since the charity s gros5 income exceeded £250.CN)O your examiner must be 8 member of a body listed in 5eth.on
145 of the 2011 Act. I confirm ¢h8t l am qualthed to undertake the examination because l am 8 member of the
Institute ol Chartère
ZEDOKOH BECHOL EIS LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unrestrlcted fund$ 2023 Unrestrlcted funds 2022 Notes Ineomè from: Donations and legacies Invostmenls 250,826 14,834 81,012 9,430 Total Income 265.660 90,442 Exponditure on: Charitable activitl8S Other expenditure 96,010 978 95,476 324 11 Total oxpendltur? 96,988 95,800 Net gainslllossesl on investments 12 87,223 N•t Incom• and mov•m•nt In lunds 168,672 81,865 R•conclllatlon of funds.. Fund bal8nces al 1 April 2022 99,968 18,103 Fund bolane•$ at 31 Moreh 2023 268,640 99,968 The statement of financial activities includes 811 gains and lo&ses recK¥Jnised in the year. All income and expenditure derive Irorn continuing adivilies.
ZEDOKOH BECHOL EIS LIMITED BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Notes Flx•d assèts Investrngnl property 14 112.529 105,593 Current assets Debtors Cash at bank and in hand 15 169.439 25.065 31.080 12.194 194,504 43,274 Credltor¥'. amounts falling du? wlthln one year 17 115,2921 113.6991 N•1 ¢urr•nt a$s•ts 179,212 29,375 Total ass•ts I•s8 eurrènt Ilabllltlès 291,741 134,968 Credltors.. amounts lalllng du• aft•r more than on• year 18 123.1011 135,0001 Net as8018 268.640 99.968 Th• funds of th• charlty Unrestricted fund5 19 99,968 99,968 The company is ents'lled to the exemption from Ihe audit requiremenl ntained in section 477 of the Companies Act 2006, for the year ended 31 March 2023. The dirgetors acknovA8dg8 thgir r¢$FKmsibilitiès for myIng th lh$ rgquiroments of th* Compani¥s Act 2006 vlth respect to accounting records and the preparalion of financial statements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in atti)rdan wilh the provisions applicable to cornpanies subject to the small companies regime. The fin8n¢ial ststgments wer8 approved by thg trustsgs on 29 Juty 2025 H Benedikt Trustee Company registration number 02595407 (England and Wales)
ZEDOKOH BECHOL EIS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounng pollel•s Charlty Infomatlon Zgdokoh Bechol Eis Limited is 8 private company lirniled by guarantee in¢wK)rated in England and Wales. The regisler8d offic8 is 38 Chardmore Road. N16 6JD. 1.1 Accountlng conv•ntlon The financial statemenis have been prepared in 8ccordarw the charitys Mgrnorandum and Arti¢lgs of Association, th8 Companies Act 2006. FRS 102 "The Finanal Retxjrting Siandard applicable in the UK and Republic of Ireland" I"FRS 102.1 and the chaiits.es SORP "Acc<xJnting and Reporting by Charities.. Statement of Rectsmmended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. leffective 1 January 20191. The charity is a Public Benefit Entsly as defined by FRS 102. The charity has taken advantage of the provisions in the SORP lor charibes not to prepare a Statement of Cash Flow5. The financial statements arg prepared in slerfing, vA)ith is the fvn¢tion81 ¢urr¥ncy of the Charity. Mon$t8ry amounts In thes6 finandal statemènts are roundèd to Ihè n&arè$t £. The financial statements have been prepared und&r the hislorical cost convention, Imodified to include th8 revaluation of freehold properties and lo indude inveslment properties and certain financial instruments at lair valuel. The principal accounting policies adopted are set out below. 1.2 Golng conc•rn At the lime ol approving th6 financial statèments, the trustees have a feasonable expectation that the charity has adequate resources to contsnue in operational existen for the foreseeable future. Thus the trustees continue to adopt the going concem basis ol accounting in preparing the financial ststernents. 1.3 Charltabl• lunds Unrestricted lunds are available for use 81 the disryetion of Ihe trustees in fvrtherance of their charitsble objectives. Restricted funds are subjecl to specific conditions by donors or grantors as to how ¢hey may be used. The purposes and use5 01 the restricted funds are sel oul in Ihe noles lo the finanrial ststemenls. Endowmenl ftjnds are subjecl to specific condil)ns by donors that the capital must be maintained by the charity. 1.4 Incom8 Income is rec¢yJnised vthen the charity is legalty entiued lo il after any perfonnance conditions have been rnel, th8 arnounts can b8 m88sur8d reliably, and it is probabl8 that incorn8 wll be r8(xNed. Cash donalions are recognised on receipl. Other donations are recconised onc the charity has been notified of the donation. unless performance CondionS require deferral of the amount. Inc0rn8 tax recoverable in relation to donations r8C8iV8d under Grft Aid or d89ds of covenant is recognised at th8 titne of the donation. Legacies are recognised on receipl w otheise rf Ihe chanty has been notffied of an irnpending distribution. the amount 15 kn¢)wn, and receipt 15 expected. If the amount is not known, the legacy is treated as a contingent asset.
ZEDOKOH BECHOL EIS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 ACcounng pollcles Icontlnuedl 1.5 Expenditure Expenditure is recognised once the is a legal or conslructive obligation to iransfer economic benefit to a third party. it is probable that a transfer of economic benefits will be wuired in setuement, and the amount of the obligation can be measured reliably. Exp8nditure is classthed by activity. Th8 costs of each aclivity ar8 mad8 up of th8 total of dir8Ct costs 8nd shared costs, induding support costs involved in undertaking each actsvity. Direct ctssts attributable tts a single activity are allocated directly to that aclivily. Share(I costs which contribute lo more than one activity and support costs which are not attributable lo a single acliwty a apportioned befvleen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis ol time spent. and depreciation charges are allocated on the porb'on of the asset's use. 1.6 Inv•stm8nt propèrty Inve5trn8nl property, which is property held to eam ren¢als andlor lor caprtal appreciation, 15 initially re¢o9nis8d at cost, which indudes thg purchase (x)sl and any direcuy attributable expenditure. Sub$equently it is measured at fair valuè at the rèwrting end dale. The surplus or deficit on revaluation is recognised in profit or loss. IProperty rented to a group entity is acLounted for as tangible fixed assets.] 1.7 Cash and ea8h •qulvalént• Cash and cash equivalents include cash in hand. deposit5 held at can wrth banks, other 5hort-lerrn liquid inve5trnents with original rn8turilies ol three months or less, and bank overdr8ft$. 88nk overdrafts are shown vllhin borrowings In Currenl liabilities. 1.8 Flnanelal In8trum•nts The charily has elecled lo apply Ihe provisions tsl Seditin 11 'Basic Finan¢i81 Instrument5, and Section 12 'Other Financi81 Instruments Issues. of FRS 102 all of its financial instrurnents. Fln8n¢i81 instrumants arg rgcognisgd in thg d)aritys balan¢0 shg&t whèn thè ch8rtty boeom&s p8ty to tha contractual provisions of Ihe instrum&nt. Financial assets and liabilities are offset. wth the nel amounts presented in (he financial statements, when there is a legally enforceable right to set off the recognised amounts and there 15 an intention to setue on a net basis or lo alise the asse¢ and settle the liability sirnultaneously. Baslc Ilnanclal u55ets Basic financial assets. which include debiors and cash and bank balances. a initially measured at transaction pri induding Iransaction cosls and are subsequently carried al amortised cost Using the effective interest melh¢xl unless the 8rr8ngement ¢y)nsD'tute5 8 financing transaction. where the transaction is measured 8t the present Value of the future receipts di$(nIe(l at 8 m8rket r8te of interest. Finanri81 assets classffj8d as receivable wrthin one year ar8 not arnortiS8d. Basle flnanelal Ilabilltles Basic financial liabilities, including credilors and bank loan5 are initially recognised at transaction pri unless the arrang8rnent con5titLJtes a financing transaction, where the debt instrurn8nt is measured at the present value ol the future payrnents discounted at a rnawket rate of interest. Finanal liabilitie5 classified as payable within one year are nol amorlised. Debt instruments are subsequenlty carried at amortised cost. using Ihe effective InteSt rate method. Trade creditors a obli9ations to pay for goods or servi¢xs that have been a(4uired in the ordinary course of operations from suppliers. Amounts payable are dasstfied as current liabilities if p8yrnent is due within one y8ar or less. If not, they ar8 presented as n0n-cuent liabilth"es. Trade cieditOf5 are recogni5ed initially at transathon pnce and subsequenuy mÈasuied at amorts.sed cost using the effective Interest method.
ZEDOKOH BECHOL EIS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 ACcounng pollcles Icontlnuedl Dgre¢ggnition of financial liabilities Financial liabilities a derecognised when the tharity's C(traCtUal obligations expire or are discharged or cancelled. 1.9 Employeg benefits The cost ol any unused holaY entitlement is fecognised in the period in which the employee's ServIS are received. Terrnination benefits are recognised immedialety as an expense when the chanty 15 demonstrably cornmiited lo terminate the employment of an employee or lo provide termination benefits. Crltl¢al ac¢ountlng •Stlmat•s and ludgèmonts In th8 applieats'on ol thè chanty's accounting Fx)licies, the trustèes are raquired to makè judgemènts, estlmates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The ests'mates and associaled assumptions a based on historical exp8rience and other factors that are considered to be relevanl. Actual results may dffter from these estimates. The estimates and undertying assump1n$ are reviewed on an ongoing basis. Revisions to 8ccounb.ng *stim8le$ are reccgnised in the period in whith th8 &$timate 1$ ffjvistrd wh$r8 the revision affects only ihal pariod, or In the paricxj of Ihè rwisKsn and fulurè parS whalè thè rèvision affècts both currant and lutura P8riods. Incom• from donatlons and l•gacl•8 Unrestrlcted funds 2023 Unrestrlcted funds 2022 Donations and gffts 250,826 81,012 Ineom• from inv•stmènts Unr•strfctod Unrestrlctod funds funds 2023 2022 Syndicate income Interest receivable 12,765 2,069 9,430 14,834 9,430
ZEDOKOH BECHOL EIS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Exp•ndlturè on eharltablè advitlès Total Funds Total Funds 2023 2022 Dlrect costs Charitabb activities 7,047 Grant lunding of 8ctiwlies Isee note 61 85,158 92,207 Share of support and govgrnan¢g CQSt$ ls•e nots 71 Support Gc*vèm8nc8 789 3,016 1.589 1,680 96,010 9S,476 Analy818 by lund Unrestricted lunds 96,010 95,476 Grants payabl• Unr•8trlet8d Funds 2023 Gr8nts to institutions.. Amud Hatzdokoh Trust Nar Foundation Chasdei Aharon Limited Tchabè Kollèl Limitèd Chevras Mo'oz Ladol Shir Chesed Bels Yisro81 start Upright Reb Shayale's Tzeduke Hachzokas Torah Vechesed Charity Yeshuos Shabbos Othar 18,650 16,000 7.000 6,701 4.595 3,210 2,900 1,685 1,360 1.060 21,997 85,158 85,158 10
ZEDOKOH BECHOL EIS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Support eosts alloeat•d to aetl¥ltl•s 2023 2022 Bank charges 0th8r office costs Govemance o)sts 555 234 3.016 206 1,383 1.680 3.805 3.269 Analys•d botWo9n: Charitable activities 3,805 3,269 2023 2022 Governance costs comprlse: Independenl examiner lees Logal and profèssional f•8s 1.680 1,336 1,680 3.016 1,680 N•t mov•m•nt In funds 2023 2022 The net movement in funds is stated after chargingllueditiThJl'. Fees payable for the independent examination of the charitys financAal slalernents 1.680 1.680 Trust••8 None ol (he trustees lor any persons connected wilh them) received any remuneration from (he charity during the year. 10 Employees The average monthly number ol employee5 during the year was.. 2023 Nurnber 2022 Number Total There were no 8rnploye85 whos8 annu81 r8mun8ration wa5 m(Ke th8n £60,0(X). 11
ZEDOKOH BECHOL EIS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Oth•r •xp•ndlturè UnrestrScted Unrestrlcted fvnds funds 2023 2022 Finanang costs 978 324 12 Gains and losses on inv•stm•nts Unrestrlcted Unrestrlct8d funds funds 2023 2022 Gainslllossesl arising on.. Revaluation of investments 87,223 13 Taxatlon The charily is exempt trom taXaln on its activities because all its income 18 applied for charitable purpose8. 14 Inv•stmenl propgrty 2023 Falr value At 1 April 2022 Additions Dlsposals 105,593 12.765 15,8291 At 31 March 2023 112,529 The investment property is held at fair value as per the D1Clo$ valuation. 15 Oebtors 2023 2022 Amounts falling due within one year.. Other d8btors 169,439 31,080 During the year a loan was made to a connected party and 8 wmpany whose director is a connected party. Thesg 108ns ar8 secured 89ainst priy8rty, carry a cx)mrTx81 rdle of interest 8nd are r8p8yable on d8m8nd. 12
ZEDOKOH BECHOL EIS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 16 Loans and ov•rdrafts 2023 2022 Bank loans 33.749 45.000 Payable within one year P8yable 8ft8r one year 10.648 23.101 10,000 35,000 This represents a Boun&8 Back Loan with Natwest Bank. 17 Credbtor¥: amounts falllng wlthln ong yoar 2023 2022 38nk loans Other ¢ditorS Accruals and d6ferred income 16 10,648 684 3,960 10,000 684 3,215 15.292 13,899 18 Cr•dltor8: amount• falllng duè aftèr mor• than on• yèar 2023 2022 Not•8 Bank loans 18 23.101 35,000 19 unr••triet funds The unrestricted funds ofth8 charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and granlors as lo how they rnay be used. These include designated funds which have been sel aside oul of unreslricied funds by the trusiees for specific purposes. At 1 April 2022 In¢omlng resources Resources expended Galns and At 31 March losses 2023 General funds 99.968 265.660 196.9881 268.640 Prevlous year: At 1 Aprll 2021 Incomlng resources Resources expended Galns and At 31 March k)sses 2022 General funds 18.103 90.442 195.8001 87.223 99.968 13
ZEDOKOH BECHOL EIS LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 20 R•latèd party transaetlons Other than any transactions mentioned atr#)ve. the We t)0 related party transactions requiring disdosure. 14-