2023-12-31-accounts

Charity number: 1057220

HOD CHARITABLE TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

HOD CHARITABLE TRUST

CONTENTS

	Page
Reference and administrative details of the Charity, its Trustees and advisers	1
Trustees' report	2 - 4
Independent examiner's report	5 - 6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9 - 18

HOD CHARITABLE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees	Laurence David Gishen, Chair
	Anton Teper
	Stephen Hubert
	Howard Panas (Appointed 14 May 2023)
	Michael Joel Tannenbaum (Appointed 14 May 2023)
	Henry John Cohen (Resigned 14 May 2023)
	Joseph Cohen (Deceased 28 March 2023)
Charity registered number 1057220 Principal office 22 Elmgate Gardens Edgware Middlesex HA8 9RT Independent Examiner Jake Lew FCA BKL Audit LLP 35 Ballards Lane London N3 1XW Bankers Lloyds Bank Plc 1 Stanmore Hill Stanmore Middlesex

Page 1

HOD CHARITABLE TRUST

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their annual report together with the financial statements of the HOD Charitable Trust for the year ended 31 December 2023.

These accounts incorporate the results of:

• The Hebrew Order of David (International) (UK) Governing Lodge;

• The Hebrew Order of David (International) Lodge London No1;

• The Hebrew Order of David (International) Yitzhak Rabin Lodge London No 2;

• The Hebrew Order of David (International) Lodge London No 4

The financial statements are prepared in accordance with the Companies Act 2006 and the Statement of Recommended Practice on Accounting and Reporting by Charities (SORP FRS102). Further reference and administrative details are given on page 1.

Objectives and activities

a. Policies and objectives

The HOD Charitable Trust was established in the UK by the Trust deed dated 14 July 1996. The Objects of the Order include:

• The relief of the sick, the physical or mentally disabled and the elderly;

• The provision of relief for victims of disasters;and

• The relief of poverty.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Main activities undertaken to further the Charity's purposes for the public benefit

During the year, a number of events were held to raise funds for charitable purposes, various community service activities were undertaken and funds were distributed to some 24 charitable causes.

The Trustees confirm that they have complied with the duty in the Charities Act to have due regard to the Charity Commissions general guidance on public benefit.

Achievements and Performance

a. Main achievements of the Charity

The Charity is controlled by a Governing Lodge comprising elected members (including the Trustees). The Governing Lodge is continually involved in co-coordinating and monitoring the affairs and activities of the Charity.

The Charity has during the year arranged events aimed at both charitable fund raising and services to the community. This has helped make a positive impact on the lives of the ultimate beneficiaries.

b. Financial Review

The charity remains in a positive financial position at the end of the year.

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HOD CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

There is no specific policy to hold reserves. Reserves held at the year end totalled £114,187 (2022: £116,861).

Structure, governance and management

a. Constitution

HOD Charitable Trust is a registered charity, number 1057220, and is constituted under a Trust Deed. Under the Constitution, adopted on the 28th day of September 1995, as amended, the principal object of the charity is the relief of the sick, disabled, elderly, victims of disaster and poverty. This is achieved through service to the community and donations to charitable causes and organisations.

b. Methods of appointment or election of Trustees

The Trustees of the Governing Lodge of HOD (International) in the United Kingdom are appointed from time to time under the Constitution.The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust Deed.

c. Organisational structure and decision-making policies

The following Trustees of the Governing Lodge of the Hebrew Order Of David were appointed on 14 May 2023:

Laurence David Gishen, Chair Anton Teper Stephen Hubert Howard Panas (Appointed 14 May 2023) Michael Joel Tannenbaum (Appointed 14 May 2023) Henry John Cohen (Resigned 14 May 2023) Joseph Cohen (Deceased 28 March 2023)

The Grand President of HOD (International) is an ex officio officer of Governing Lodge but is not a Trustee.

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HOD CHARITABLE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Statement of Trustees' responsibilities

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 & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently

• observe the methods and principles of the Charities SORP (FRS 102)

• make judgments and accounting estimates that are reasonable and prudent

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

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 Charity (Accounts and Reports) Regulations 2008 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.

Approved by order of the members of the board of Trustees on 28/10/2024 and signed on their behalf by:

Laurence David Gishen

(Chair of Trustees)

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HOD CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Independent examiner's report to the Trustees of HOD Charitable Trust ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2023.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

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HOD CHARITABLE TRUST

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Signed: Jake Lew

Jake Lew FCA

Dated: 28/10/2024 Independent examiner

BKL Audit LLP 35 Ballards Lane London N3 1XW

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HOD CHARITABLE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Note Income from: Donations and subscriptions 3 Other trading activities 4 Total income Expenditure on: Raising funds 5 Charitable activities 6 Total expenditure Net expenditure Transfer of funds from Administration to Charity accounts 13 Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Restricted funds 2023 £ 19,400 58,587 77,987 80,386 181 80,567 (2,580) 7,541 4,961 37,273 4,961 42,234	Unrestricted funds 2023 £ 24,075 765 24,840 12,913 12,021 24,934 (94) (7,541) (7,635) 79,588 (7,635) 71,953	Total funds 2023 £ 43,475 59,352 102,827 93,299 12,202 105,501 (2,674) - (2,674) 116,861 (2,674) 114,187	Total funds 2022 £ 26,894 44,516 71,410 63,892 16,457 80,349 (8,939) - (8,939) 125,800 (8,939) 116,861

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

The notes on pages 9 to 18 form part of these financial statements.

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HOD CHARITABLE TRUST

BALANCE SHEET AS AT 31 DECEMBER 2023

Note Investments 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total net assets Charity funds Restricted funds 13 Unrestricted funds 13 Total funds	14,366 68,432 82,798 (8,611)	2023 £ 40,000 40,000 74,187 114,187 42,234 71,953 114,187	9,689 114,499 124,188 (7,327)	2022 £ -
				- 116,861
				116,861
				37,273 79,588
				116,861

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

................................................

Laurence David Gishen

(Chair of Trustees)

Date: 28/10/2024

The notes on pages 9 to 18 form part of these financial statements.

Page 8

HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. General information

HOD Charitable Trust is an unincorporated charity registered in England and Wales with the registration number 1057220. The registered and principal office address is 22 Elmgate Gardens, Edgware, Middlesex, HA8 9RT.

The principal activities of the foundation is as stated in the trustees' report.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: 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) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

HOD Charitable Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income is recognised when the charity is entitled to the income and it is probable that the income will be received. Usually, cash donations end up being recognised on receipts.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

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HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.4 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.5 Debtors

Trade and other debtors are recognised at the settlement value.Prepayments are valued at the amount net of prepaid.

2.6 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.8 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

3. Income from donations and legacies

Membership subscriptions and donations Interest received Similar incoming resources Total 2022	Restricted funds 2023 Unrestricted funds 2023 £ £ 19,272 23,966 128 59 - 50 19,400 24,075 6,544 20,350	Total funds 2023 £ 43,238 187 50 43,475 26,894	Total funds 2022 £ 26,845 49 -
			26,894

4. Income from other trading activities Income from fundraising events

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
	£	£	£	£
Fundraising income	58,587	765	59,352	44,516

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HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

5. Expenditure on raising funds

Costs of raising voluntary income

Costs of raising voluntary income Donations paid Total 2022	Restricted funds 2023 Unrestricted funds 2023 £ £ 24,202 12,913 56,184 - 80,386 12,913 61,051 2,841	Total funds 2023 £ 37,115 56,184 93,299 63,892	Total funds 2022 £ 20,413 43,479
			63,892

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HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. Analysis of expenditure on charitable activities

Summary by fund type

Restricted funds 2023 Unrestricted funds 2023 £ £ Capitation fees - - Rent payable - 6,500 Table Lodge meetings - 2,155 Accountancy fees - 2,340 Insurance - 202 Presentations - 190 Miscellaneous expenses - 627 Travel - - Bank charges 93 - Sundry expenses 88 7 181 12,021 Total 2022 94 16,363 7. Independent examiner's remuneration Fees payable to the Charity's independent examiner for the independent examination of the Charity's annual accounts	Total 2023 £ - 6,500 2,155 2,340 202 190 627 - 93 95 12,202 16,457 2023 £ 2,340	Total 2022 £ 599 5,500 5,188 1,860 275 525 875 1,454 94 87
		16,457
		2022 £ 1,860

8. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL) .

During the year ended 31 December 2023, expenses were reimbursed or paid directly to 3 Trustees (2022 - to 2 Trustees) broken down as follows:

	2023	2022
	£	£
Charitable events costs	29,495	16,513

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HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

8. Trustees' remuneration and expenses (continued)

The charity allows for authorised trustees who are organising an event to make purchases for these events on their personal credit cards. All event expenses paid for by trustees are then reimbursed after the event. The trustees contribute their time solely on a voluntary basis and receive no remuneration for this.

9. Fixed asset investments

Cost or valuation Additions At 31 December 2023 Net book value At 31 December 2023	Listed investments £ 40,000
	40,000
	40,000

10. Debtors

Due within one year Prepayments and accrued income	2023 £ 14,366 14,366	2022 £ 9,689
		9,689

11. Creditors: Amounts falling due within one year

Other creditors Accruals and deferred income	2023 £ 335 8,276 8,611	2022 £ 3,200 4,127
		7,327

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HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. Financial instruments

	2023	2022
	£	£
Financial assets
Financial assets measured at fair value through income and expenditure	68,432	114,499

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HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

13. Statement of funds

Statement of funds - current year

					Balance at
	Balance at 1				31
	January			Transfers	December
	2023	Income	Expenditure	in/out	2023
	£	£	£	£	£
Unrestricted funds
General Funds	79,588	24,840	(24,934)	(7,541)	71,953
Restricted funds
Restricted Fund	37,273	77,987	(80,567)	7,541	42,234
Total of funds	116,861	102,827	(105,501)	-	114,187
Statement of funds - prior year
					Balance at
		Balance at			31
		1 January			December
		2022	Income	Expenditure	2022
		£	£	£	£
Unrestricted funds
General Funds		78,267	20,350	(19,029)	79,588
Restricted funds
Restricted Fund		47,533	33,313	(43,573)	37,273
Total of funds		125,800	53,663	(62,602)	116,861

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HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

14. Summary of funds

Summary of funds - current year

General funds Restricted funds	Balance at 1 January 2023 £ 79,588 37,273 116,861	Income £ 24,840 77,987 102,827 Balance at 1 January 2022 £ 78,267 47,533 125,800	Expenditure £ (24,934) (80,567) (105,501) Income £ 20,350 33,313 53,663	Transfers in/out £ (7,541) 7,541 - Expenditure £ (19,029) (43,573) (62,602)	Balance at 31 December 2023 £ 71,953 42,234
					114,187
					Balance at 31 December 2022 £ 79,588 37,273
Summary of funds - prior year
General funds Restricted funds
					116,861

15. Analysis of net assets between funds Analysis of net assets between funds - current year

Fixed asset investments Current assets Creditors due within one year Total	Restricted funds 2023 Unrestricted funds 2023 £ £ 20,000 20,000 22,569 60,229 (335) (8,276) 42,234 71,953	Total funds 2023 £ 40,000 82,798 (8,611)
		114,187

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HOD CHARITABLE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Current assets Creditors due within one year Total	Restricted funds 2022 £ 40,473 (3,200) 37,273	Unrestricted funds 2022 £ 83,715 (4,127) 79,588	Total funds 2022 £ 124,188 (7,327) 116,861

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