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2024-03-31-accounts

TRUSTEES’ ANNUAL | |oO REPORT & ACCOUNTS O eeee@ 2024

Help Us, Save Them

2 | Hatzola Northwest Trust

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CONTENT

CONTENT
Trustees’ Annual Report 3
Independent auditor’s report to the members 22
Statement of financial activities 26
Statement of financial position 27
Statement of cash flows 28
Notes to the financial statements 29

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 3

TRUSTEES’ ANNUAL REPORT TRUSTEES’ STATEMENT

Reflecting on the Year: A Message of Gratitude and Unity

As we look back on the past year, it’s a meaningful opportunity to pause and appreciate the collective achievements that define our shared journey. Amidst the relentless pace of daily responsibilities—whether on the frontline or in the charity’s vital support roles—it’s easy to lose sight of just how much we’ve accomplished together. Yet, when we reflect, the sense of unity and collaboration within our organization is truly inspiring.

The lifesaving impact we achieve is made possible by the unwavering commitment of our exceptional team and the partnerships that align with our mission and vision. Our dedicated volunteers work tirelessly to serve the North-West London community, ensuring we are a constant presence 24/7, every day of the year. This mission would not be possible without the remarkable generosity of both our volunteers and donors, who have enabled us to continue delivering on our purpose year after year.

Behind the scenes, our trustees and senior management team have been instrumental in steering the organization through a period of significant change. Their guidance has empowered our members to pursue ambitious strategic goals safely and effectively. Our steadfast commitment to robust financial stewardship over the past few years has allowed us to sustain critical investments in operations and fundraising, ensuring the charity’s long-term impact.

In our upcoming annual report and accounts for 2023–2024, we will share the story of the past year’s progress and outline the path ahead. None of this would be possible without the dedication of every individual who contributes to this charity’s lifesaving mission.

To each of you—volunteers, staff, donors, and partners—thank you. Serving in this capacity is an incredible honour, and it is your unwavering support and commitment that make it such a privilege.

LM Blt L Blitz, Trustee

4 | Hatzola Northwest Trust

TRUSTEES’ ANNUAL REPORT

The trustees present their report and the financial statements of the charity for the year ended 31 March 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Hatzola Northwest Trust Charity registration number 1041441 Principal office The Sorting Office 2a St Georges Road London NW11 0LR The trustees Mr L Blitz Mr S Klein Mr B Liebermann Mr S Richman Auditor Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU Bankers Barclays Bank Plc Leicester LE87 2BB

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 5

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The official name of the charity is Hatzola Northwest Trust and it is a registered charity constituted by a Declaration of Trust dated 9 September 1994 and amended by Deed on 26 December 2012.

It is registered as a charity with the Charity Commission and its charity number is 1041441.

Appointment, training and recruitment of trustees

The trustees have no beneficial interest in the charity and are chosen by agreement of trustees at an annual meeting. The choice is based on applicants’ medical and community knowledge.

New trustees are provided with trustee induction training which includes an understanding of the content of the Deed of Trust, their legal obligations under the Charities Act, the organisational structure of the charity and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events which enhance their knowledge and skill thereby improving their performance.

Management of the charity

The charity’s daily operations are overseen by the Director of Operations, with the Council of Trustees providing strategic oversight to ensure alignment with the organization’s mission. Staff remuneration is structured in accordance with industry standards, reflecting comparable roles within the charity sector.

Related parties and co-operations with other organisations

None of our trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustee of the charity with a supplier company must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year no such related party transactions were reported.

None of the trustees have any beneficial interest in the charity.

OBJECTIVES AND ACTIVITIES

The charity’s objects are the protection and preservation of health and the relief of sickness. In particular, by the provision of first aid relief and assistance to person who are ill or sick or otherwise in need of medical care and attention or hospital or clinical nursing services, provision of first aid training and the provision of first aid cover at public events in the Northwest London area.

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charity’s aims and objectives and in planning future activities.

Investments

The charity investment objectives include ensuring that there is minimal risk to its capital. The charity is satisfied that this objective has been met by its risk-free investment and thereby fulfilling the trustees’ responsibilities.

6 | Hatzola Northwest Trust

LOOKING BACK

Hatzola Northwest Trust was set up to provide the North-West London community with free pre-hospital emergency medical care and transportation. Since its inception, our volunteers have responded to thousands of emergencies every year, from minor injuries to life-threatening conditions.

Additional ambulances

The organisation procured two additional ambulances and one fast response car in 2024. One ambulance and the fast response car have already been deployed, while the second ambulance will become operational in 2025. This expansion enhances our capacity and ensures sufficient ambulance availability as call volumes continue to rise month on month.

LOOKING AHEAD

The charity’s objects are the protection and preservation of health and the relief of sickness. In particular, by the provision of first aid relief and assistance to people who are ill or sick or otherwise in need of medical care and attention, provision of first aid training and the provision of first aid cover at public events in the North-West London area.

Paramedics

Further to 3 of our current emergency responder volunteers enrolling on a 2-year paramedic course provided by ORMS. All 8 have graduated and qualified and are now HCPC registered paramedics. Ensuring we as an organisation continues to deliver the highest level of clinical care and skills to the North-West London community.

Services

Our team continues to grow. In 2023/24, our Class of 2023 completed all their training, becoming fully qualified first responders with FREC 4, C1, and CERAD certifications in blue light driving. Recruitment for the Class of 2025 has begun, with eight new first responders set to qualify in 2026.

Technology at Hatzola Northwest:

In addition to our digital patient records system, which has increased PRF compliance by 30%, we have expanded our digitalization efforts to include a drug management and medicine module. This transition from a paper-based system has improved governance, accessibility, and future-proofed Hatzola for years to come.

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 7

ACHIEVEMENTS AND PERFORMANCE

The trustees are pleased with the performance of the charity during the year under review. The charity’s services have expanded significantly over the past year, necessitating increased financial resources. The trustees successfully undertook fundraising efforts to meet these additional costs, which included the acquisition and deployment of new ambulances and Fast Response Units (FRUs). Furthermore, these expenses encompassed training for new responders and the provision of CERAD courses to ensure competence and safety in emergency response driving.

Total income in the year was £1,075,621 (2023: £1,797,115). The income generated during the period declined, primarily attributable to the impact of a significant fundraising campaign conducted in the previous year.

Total expenditure in the year was £1,180,570 (2023: £932,327) which increased due to the factors mentioned above.

The organisation is proud to have a dedicated team of 61 emergency responder volunteers serving the local community of North West London, providing critical support to individuals in need of emergency and urgent care. During the year, these responders attended over 5,000 call-outs, demonstrating their commitment to delivering timely and effective medical assistance. Each of these call-outs was carefully monitored and dispatched by a skilled group of 21 emergency call operator volunteers, who play a pivotal role in ensuring the efficient coordination of resources.

To meet the growing demands on its services, the organisation operates a fleet comprising 5 ambulances and 3 FRUs. This fleet ensures rapid response times and comprehensive coverage. The organisation’s continued investment in its fleet and volunteer teams underscores its dedication to addressing the increasing healthcare needs of the local community with professionalism and compassion.

The organisation is CQC regulated with emergency responder volunteers’ certifications ranging from EMTs at FREC 3 or FREC 4 to qualified paramedics.

In January 2021, the organisation arranged 8 of their current emergency responder volunteers to enrol on a 2 year paramedic course provided by ORMS to ensure that the organisation delivers the highest level of clinical care and skills to the North West London community. 8 trainee paramedics qualified and started responding in May 2023.

The organisation continues to deliver comprehensive and continuous medical training to all their emergency responder volunteers. This ongoing education program is designed to ensure that volunteers possess the critical skills, up-to-date knowledge, and professional competence required to perform lifesaving procedures effectively. By prioritising rigorous training, the organisation aims to uphold the highest standards of emergency medical care, equipping its responders to handle diverse and challenging situations with confidence and proficiency.

8 | Hatzola Northwest Trust

A Year In Numbers

13,091 Total responder dispatches in 2024

21 Call operators

Patients transported to hospital: 3,056

Busiest members attended 782 calls

Average response time: 6.9 min

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 9

2,486 Ambulances dispatched

Calls received: 6,843 (a record number)

Responders dispatched every day: 38

61 Emergency responders

Active calls 4,123 (a record number)

10 | Hatzola Northwest Trust

Hatzola Calls in the Year

Jan 2024 _ Feb 2024 —— Mar 2024

April 2024 — May 2024 _ Jun 2024 — Jul 2024

Aug 2024 _ Sep 2024

Oct 2024 _ Nov 2024 —_ Dec 2024

325 314 351

325 333 298

401

298

332

379 377 390

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 11

SERVICES

Call taking and dispatch

Every second counts in an emergency, and Hatzola Northwest’s volunteer dispatchers work 24/7, 365 days a year to ensure every call is answered promptly. They assess emergencies, provide guidance, and dispatch responders to incidents such as road accidents, home emergencies, emergency childbirth, and

cardiac events. Beyond dispatching, they reassure callers and prioritize resources to save lives. This year, they managed a record number of calls, demonstrating their unwavering commitment to providing fast, professional, and compassionate emergency care to the community.

Emergency Responders

Day or night, our volunteer emergency medical responders are on the road within minutes of an incoming call. They deal with each crisis efficiently and compassionately, helping to speed up each patients’ road to recovery. Response times for critical and life-threatening situations is usually within minutes, making a significant difference to a patients’ health outcomes. All our volunteers attend ongoing training, delivered by qualified medical trainers, to ensure that their skills are kept current and in line with developments in medical research and regulations.

On-site treatment

In addition to stabilising seriously ill patients and transporting them to the hospital, our volunteers are often able to treat minor emergencies on the spot, avoiding the need for hospitalisation.

12 | Hatzola Northwest Trust

YEARLY ACHIEVEMENTS

Throughout the year, we have continuously improved the quality and professionalism of our service. We have introduced new training initiatives and implemented additional structures to enhance our effectiveness and efficiency.

Key Enhancements This Year:

✓ Operational & Clinical Improvements

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 13 -

>, | Ae “

I CALLED HATZOLA NORTHWEST WHEN MY MOTHER SUDDENLY BECAME UNWELL. THE TWO RESPONDERS WHO ARRIVED WERE AMAZING—THOROUGHLY CHECKING HER AND MAKING HER FEEL COMFORTABLE. IT WAS A HUGE RELIEF KNOWING SHE WAS IN SUCH GOOD HANDS, AND I AM INCREDIBLY GRATEFUL.

14 | Hatzola Northwest Trust’

“ hs THANK YOU HATZOLA. YOU ARRIVED WITHIN 15 MINUTES OF OUR CALL ABOUT MY FATHER WHO WAS VERY ILL WITH COVID-19. YOU HANDLED EVERYTHING BRILLIANTLY AND TOOK HIM TO HOSPITAL. THANK G-D HE IS NOW RECOVERING. WE CANNOT THANK YOU ENOUGH.

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 15

Patient feedback

“

Excellent service given with the right amount of professionalism and empathy towards the patient.

----- Start of picture text -----
98%
excellent
Quality of
care received
95%
excellent
Response
time
----- End of picture text -----

----- Start of picture text -----
97%
excellent
Call operator
100%
excellent
Would
recommend “
----- End of picture text -----

Hatzola are a phenomenal team and service. I am most grateful to the team for the level of speed, care and service provided every single time!!! Thank you so much.

16 | Hatzola Northwest Trust

PLANS FOR THE FUTURE AND LOOKING AHEAD

SAVE TIME

–Treat everyone who needs us, when and where they need us.

OUR CULTURE

– We continue to develop a supportive and enabling environment that gets the best out of our people from both the Charity side and the integrated operations with our partners, also ensuring that our Trustees are engaged and involved in this work.

OUTSTANDING CARE

– To improve patient care and to end preventable deaths.

INCOME

– To ensure our financial security and sustainability over the next five years and fund our organisational objectives, secure long-term, diverse and sustainable income streams.

“

THE CREW WAS VERY ATTENTIVE AND SHOWED GENUINE CONCERNS REGARDING THE CLIENT CONCERNED.

18 | Hatzola Northwest Trust

“ “ UNBELIEVABLE SERVICE, THE TEAM WERE WONDERFUL PEOPLE. WE FLAWLESS FROM START ARE SO LUCKY TO HAVE TO FINISH. YOU GUYS HATZOLA. THANK YOU ARE THE BEST!!!!

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 19

----- Start of picture text -----
“
----- End of picture text -----

THE MOST INCREDIBLE ASSET WE HAVE IN NORTH-WEST LONDON

“ “ HATZOLA IS THE MOST WONDERFUL WE THINK HATZOLA SERVICE AND THE MEDICS ARE IS INCREDIBLE. THANK UNFAILINGLY PROFESSIONAL, KIND YOU VERY MUCH AND CONSIDERATE. THANK YOU FOR ALL YOU DO

20 | Hatzola Northwest Trust

FINANCIAL REVIEW

Risk management

The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable reports to be produced so that the necessary steps can be taken to lessen these risks.

The trustees have a risk management strategy which comprises:

Reserves policy

As at 31 March 2024, £1,137,732 was held as unrestricted funds and £321,788 as restricted funds, which £230,000 is earmarked for a new building.

It is the policy of the charity to maintain a minimum reserve of six months’ anticipated expenditure to ensure financial stability in the event of unexpected funding challenges.

Investment policy and its objectives

It is the policy of the charity to maintain its funds in the form of liquid assets.

This work has identified that financial sustainability is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available liquid funds to settle debts as they fall due to ensure sufficient working capital by the charity.

Attention has also been focused on non-financial risks arising from health and safety of the users. These risks are managed by having robust policies and procedures in place, and regular training to ensure that our emergency responders have the required skills, knowledge and competence to administer lifesaving procedures. The trustees are satisfied that these systems and procedures manage all relevant risks.

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 21

TRUSTEES’ RESPONSIBILITIES STATEMENT

The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each 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, of the charity for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees’ annual report was approved on 24th January 2025 and signed on behalf of the board of trustees by:

Mr B Liebermann Trustee

22 | Hatzola Northwest Trust

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HATZOLA NORTHWEST TRUST

OPINION

We have audited the financial statements of Hatzola Northwest Trust (the ‘charity’) for the year ended 31 March 2024 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

BASIS FOR OPINION

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

CONCLUSIONS RELATING TO GOING CONCERN

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 23

OTHER INFORMATION

The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

24 | Hatzola Northwest Trust

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF HATZOLA NORTHWEST TRUST (continued)

AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

remained alert to any indications of noncompliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with the laws and regulations.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 25

one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of

the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Cohen Arnold is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

USE OF OUR REPORT

This report is made solely to the charity’s members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s members as a body, for our audit work, for this report, or for the opinions we have formed.

David Goldberg FCA (Senior Statutory Auditor)

For and on behalf of

Cohen Arnold

Chartered accountants & statutory auditor

New Burlington House 1075 Finchley Road LONDON NW11 0PU

Our audit was completed on 24th January 2025 and our opinion was expressed at that date.

26 | Hatzola Northwest Trust

STATEMENT OF FINANCIAL ACTIVITIES

Note
Income and endowments
Donations and legacies
4
Investment income
5
Total income
Expenditure
Expenditure on raising
funds:
Costs of raising donations
and legacies
6
Expenditure on charitable
activities
7,8
Total expenditure
Net (expenditure)/income
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried
forward
Unrestricted
funds
£
867,780
3,065		 2024
Restricted
funds
£
204,776
–		 Total funds
£
1,072,556
3,065		 2023
Total funds
£
1,796,433
682
870,845 204,776 1,075,621 1,797,115
(20,055)
(1,078,065)		 –
(85,000)		 (20,055)
(1,163,065)		 (78,575)
(853,752)
(1,098,120) (85,000) (1,183,120) (932,327)
(227,275) 119,776 (107,499) 864,788
300,392 (300,392) – –
73,117
1,064,615		 (180,616)
502,404		 (107,499)
1,567,019		 864,788
702,231
1,137,732 321,788 1,459,520 1,567,019

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The notes on pages 29 to 38 form part of these financial statements.

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 27

STATEMENT OF FINANCIAL POSITION

2024 2023
Note £ £ £ £
FIXED ASSETS
Tangible fixed assets 14 592,467 379,841
CURRENT ASSETS
Debtors 15 22,913 16,070
Investments 16 506,910 253,846
Cash at bank and in hand 402,890 943,685
932,713 1,213,601
CREDITORS: amounts
falling due within one
year 18 (65,660) (26,423)
NET CURRENT ASSETS 867,053 1,187,178
TOTAL ASSETS LESS
CURRENT LIABILITIES 1,459,520 1,567,019
NET ASSETS 1,459,520 1,567,019
FUNDS OF THE
CHARITY
Restricted funds 321,788 502,404
Unrestricted funds 1,137,732 1,064,615
Total charity funds 20 1,459,520 1,567,019

These financial statements were approved by the board of trustees and authorised for issue on 24th January 2025, and are signed on behalf of the board by:

Mr S Klein Trustee

Mr B Liebermann Trustee

The notes on pages 29 to 38 form part of these financial statements.

28 | Hatzola Northwest Trust

Note
CASH FLOWS FROM OPERATING ACTIVITIES
Net (expenditure)/income
Adjustments for:
Depreciation of tangible fxed assets
Other interest receivable and similar income
Interest payable and similar charges
Accrued expenses
Changes in:
Trade and other debtors
Trade and other creditors
Cash generated from operations
Interest paid
Interest received
Net cash from operating activities
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of tangible assets
Proceeds from sale of tangible assets
Net cash used in investing activities
NET (DECREASE)/INCREASE IN CASH AND
CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR
CASH AND CASH EQUIVALENTS AT END OF YEAR17
STATEMENT OF CASH FLOWS
2024
£
(107,499)
166,637
(3,065)
2,409
9,430
(6,843)
29,807		 2023
£
864,788
106,813
(682)
1,230
5,790
(8,570)
(6,091)
90,876
(2,409)
3,065		 963,278
(1,230)
682
91,532 962,730
(410,240)
30,977		 (113,133)
–
(379,263) (113,133)
(287,731)
1,197,531		 849,597
347,934
909,800 1,197,531

STATEMENT OF CASH FLOWS

The notes on pages 29 to 38 form part of these financial statements.

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 29

NOTES TO THE FINANCIAL STATEMENTS

1. GENERAL INFORMATION

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Sorting Office, 2a St Georges Road, London, NW11 0LR, England.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis and the functional currency of the charity is sterling, rounded to the nearest whole pound.

The charity meets the definition of a public benefit entity under FRS 102.

Going concern

These financial statements have been prepared in accordance with accounting principles appropriate to a going concern, as the trustees have a reasonable expectation that the charity has adequate resources to continue in existence for the foreseeable future by

meeting its obligations as they fall due, based on the current net asset position of the charity and available sources of finance.

Judgements and key sources of estimation uncertainty

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. These estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Fund accounting

Unrestricted funds

General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

30 | Hatzola Northwest Trust

NOTES TO THE FINANCIAL STATEMENTS (continued)

Restricted funds

Restricted funds are the accumulation of all donations given to the charity. These may be subject to wishes requested by the donor when they make these gifts. Under normal circumstances these wishes will be honoured if they fall within the objects of the charity.

Incoming resources

All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 31

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Medical and communication equipment - 15% reducing balance

Garage & transmitter base - 20% reducing balance

Ambulances

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Trade and other debtors

Trade and other debtors are recognised initially at transaction price plus attributable transaction costs.

Subsequent to initial recognition, trade and other debtors that are classified as receivable within one year are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Trade and other creditors

Trade and other creditors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition trade and other creditors that are classified as payable within one year are measured at the discounted amount of the cash or other consideration expected to be paid.

Cash and cash equivalents

Cash and cash equivalents in the statement of financial position comprise cash at bank.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

32 | Hatzola Northwest Trust

NOTES TO THE FINANCIAL STATEMENTS (continued)

4. DONATIONS AND LEGACIES

4. DONATIONS AND LEGACIES CIES
Unrestricted
Funds
£
DONATIONS
Donations
867,780
Unrestricted
Funds
£
DONATIONS
Donations
1,475,344
5. INVESTMENT INCOME
Unrestricted
Funds
Total Funds
2024
£
£
Interest income
3,065
3,065
6. COSTS OF RAISING DONATIONS AND LEGACIES
Unrestricted
Funds
Total Funds
2024
£
£
Fundraising costs
20,055
20,055
7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUN
Unrestricted
Funds
£
Emergency response services
1,016,595
Support costs
61,470
1,078,065		 Unrestricted
Funds
£
867,780
Unrestricted
Funds
£
1,475,344		 Restricted
Funds
£
204,776
Restricted
Funds
£
321,089
Restricted
Funds
£
204,776		 Total Funds
2024
£
1,072,556
Restricted
Funds
£
321,089		 Total Funds
2023
£
1,796,433
Unrestricted
Funds
£
3,065		 Total Funds
2024
£
3,065		 Restricted
Funds
£
682		 Total Funds
2023
£
682
Unrestricted
Funds
£
20,055
ITABLE ACTIV
es		 Total Funds
2024
£
20,055
ITIES BY FUN
Unrestricted
Funds
£
1,016,595
61,470
1,078,065		 Restricted
Funds
£
78,575
D TYPE
Restricted
Funds
£
85,000
–
85,000		 Total Funds
2023
£
78,575
Total Funds
2024
£
1,101,595
61,470
1,163,065

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 33

7. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE (continued)

Emergency response services
Support costs
Unrestricted
Funds
£
780,492
73,260
853,752		 Restricted
Funds
£
–
–
–		 Total Funds
2023
£
780,492
73,260
853,752

8. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

Emergency response
services
Governance costs
. ANALYSIS OF SUPPORT
General ofce
Finance costs
Governance costs
Activities
undertaken
directly
£
1,101,595
–		 Support
costs
£
53,670
7,800
61,470		 Total funds
2024
£
1,155,265
7,800
1,163,065		 Total Funds
2023
£
843,486
10,266
1,101,595 853,752
COSTS
Emergency
response services
£
51,261
2,409
7,800
61,470		 Total 2024
£
51,261
2,409
7,800
61,470
Emergency
response services
£
51,261
2,409
7,800
61,470		 Total 2024
£
51,261
2,409
7,800		 Total 2023
£
61,764
1,230
10,266
61,470 73,260

9. ANALYSIS OF SUPPORT COSTS

34 | Hatzola Northwest Trust

NOTES TO THE FINANCIAL STATEMENTS (continued)

10. NET (EXPENDITURE)/INCOME

Net (expenditure)/income is stated after charging/(crediting):


Depreciation of tangible fxed assets
Operating lease rentals
1. AUDITORS REMUNERATION
Fees payable for the audit of the fnancial statements
2024
£
166,637
2,099		 2023
£
106,813
–
2024
£
7,800		 2023
£
7,800
orting period ar e analysed

11. AUDITORS REMUNERATION

12. STAFF COSTS

The total staff costs and employee benefits for the reporting period are analysed as follows:

Wages and salaries
Social security costs
Employer contributions to pension plans
2024
£
63,757
1,916
1,397
67,070		 2023
£
91,259
5,586
2,284
99,129

The average head count of employees during the year was 2 (2023: 2).

No employee received employee benefits of more than £60,000 during the year (2023: Nil).

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £63,757 (2023: £91,259).

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 35

13. TRUSTEE REMUNERATION AND EXPENSES

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

14. TANGIBLE FIXED ASSETS

14. TANGIBLE FIXED ASSETS
Medical &
communication
equipment
£
Cost
At 1 April 2023
434,905
Additions
104,387
Disposals
–
At 31 March 2024
539,292
Depreciation
At 1 April 2023
308,801
Charge for the year
34,574
Disposals
–
At 31 March 2024
343,375
Carrying amount
At 31 March 2024
195,917
At 31 March 2023
126,104
15. DEBTORS
Trade debtors
Prepayments and accrued income
Other debtors
B. E. Alfreds
garage &
transmitter base
£
28,788
1,544
–
30,332
28,545
357
–
28,902
1,430
243		 Ambulances
£
939,004
304,309
(41,094)		 Total
£
1,402,697
410,240
(41,094)
1,202,219 1,771,843
685,510
131,706
(10,117)		 1,022,856
166,637
(10,117)
807,099 1,179,376
395,120 592,467
253,494 379,841
2024
£
–
15,324
7,589
22,913		 2023
£
1,070
–
15,000
16,070

36 | Hatzola Northwest Trust

NOTES TO THE FINANCIAL STATEMENTS (continued)

16. INVESTMENTS

Short-term deposits
17. CASH AND CASH EQUIVALENTS
Cash and cash equivalents comprise the
following:
Cash at bank and in hand
Short-term deposits
18. CREDITORS: amounts falling due within on
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors		 2024
£
506,910
2024
£
402,890
506,910
909,800
e year
2024
£
40,842
18,340
1,687
4,791
65,660
2023
£
253,846
2023
£
943,685
253,846
1,197,531
2023
£
11,709
8,910
2,565
3,239
26,423

19. PENSIONS AND OTHER POST RETIREMENT BENEFITS

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,397 (2023: £2,284).

The defined contribution plan expenses are allocated to the unrestricted funds, which is consistent with the accounting treatment of staff costs.

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 37

20. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

ds

General funds
General funds
Restricted funds
Restricted Fund
Restricted Fund
At 1 April
2023
£
1,064,615
At 1 April
2022
£
472,231

At 1 April
2023
£
502,404
At 1 April
2022
£
230,000		 Income
£
870,845
Income
£
1,476,026
Income
£
204,776		 Expenditure
£
(1,098,120)
Expenditure
£
(932,327)
Expenditure
£
(85,000)		 Transfers
£
300,392
Transfers
£
48,685
Transfers
£
(300,392)		 At 31 March
2024
£
1,137,732
At 31 March
2023
£
1,064,615
At 31 March
2024
£
321,788
Income
£
321,089		 Expenditure
£
–		 Transfers
£
(48,685)		 At 31 March
2023
£
502,404

38 | Hatzola Northwest Trust

NOTES TO THE FINANCIAL STATEMENTS (continued)

21. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fxed assets
Current assets
Creditors less than 1 year
Net assets
Tangible fxed assets
Current assets
Creditors less than 1 year
Net assets
Unrestricted
Funds
£
592,467
610,925
(65,660)		 Restricted
Funds
£
–
321,788
–
321,788
Restricted
Funds
£
–
502,404
–
502,404		 Total Funds
2024
£
592,467
932,713
(65,660)
1,459,520
Total Funds
2023
£
379,841
1,213,601
(26,423)
1,567,019
1,137,732
Unrestricted
Funds
£
379,841
711,197
(26,423)
1,064,615

22. ANALYSIS OF CHANGES IN NET DEBT

Cash at bank and in hand
Current asset investments		 At 1 Apr 2023
£
943,685
253,846
1,197,531		 Cash fows
£
(540,795)
253,064
(287,731)
At 31 Mar 2024
£
402,890
506,910
909,800

23. OPERATING LEASE COMMITMENTS

The total future minimum lease payments under non-cancellable operating leases are as follows:

Not later than 1 year
Later than 1 year and not later than 5 years		 2024
£
30,082
42,329
72,411		 2023
£
33,697
72,411
106,108

24. RELATED PARTIES

There are no related party transactions that require disclosure.

Trustees’ Annual Report and Accounts Year Ended 31 March 2024 | 39

HATZOLA NORTHWEST EUERGÉMCY AMBULANCE SERVICE