DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 Annual Report & Financial Statements 31 December 2020 ## **THE Z.S.V. TRUST** ## **CHARITY REGISTRATION NUMBER: 1063860** DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 1,140 **clothing grants 2020 STATISTICS at a distributed** 425 **emergency crisis funds glance: allocated** 26,950 **hours of volunteering** 224 **patients supported with healthcare** 4,590 **food parcels 60 distributed volunteers** 2,550 20 **people referred houses repaired** DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 ## **We empower people out of poverty, hunger, illness and hardship** ## **A MESSAGE FROM OUR CHAIRMAN** ## Dear Colleagues, 2020 was a year that will not be forgotten. Words like ‘quarantine’, ‘social- distancing’ and ‘lockdown’ have crept into our everyday conversations, leaving a bad taste in our mouths. But despite what each and every one of has been through, we have learnt about what really matters to us, appreciated the little things in life and thought more about others. It hasn’t been easy. The pandemic has broken families, pushed people into poverty and magnified emotional issues. Not surprisingly, the demand for our services has increased by 70% and we have been bogged down by work in our attempt to accommodate every request to the best of our ability. We have had to adjust our processes and make hard decisions, responding to desperate pleas from the elderly, orphaned, unemployed and sick. The loss of one of our founding Trustees, Mr Friedman ל"זצ in March 2020, has had a major impact on ZSV and across the community. As an influential member of the community and Trustee for over 20 years, Mr Friedman’s heart of gold and listening ear was a beacon for hundreds of struggling individuals. We hope to emulate his ways and continue his legacy under the guidance of his son, Mr Joel Friedman, and our expanded advisory group. ZSV has been fortunate to witness the incredible generosity of our donors and funders, through both financial donations and encouraging messages of good wishes. Of course, our work may only be a drop in the ocean compared to the unfathomable challenges that COVID has brought globally. But it is a drop nonetheless. And the support you have shown us has made a world of difference to our beneficiaries. So thank you colleagues, friends, volunteers and donors- we could not have done without you! ## The question is, where do we go from here? Looking ahead, it is time to revise our strategies, reassess our recipients, set new goals and adapt to a postpandemic world. We aim to wean beneficiaries off ZSV’s support and spread an awareness of welfare services through the development of referral pathways and beneficiary assessment forms. As we evaluate the best way to proceed, we are putting a particular emphasis on the health and safety of our members and the due diligence of our charity. Finally, I would like to conclude with a positive message, in summary of 2020 and in anticipation for 2021: ## **When you think you're at the end of something, you're at the beginning of something else.** The world will not emerge from the COVID-19 crisis the same as it entered. Yet as we start to look beyond, I am optimistic. I have been amazed and humbled by our wonderful donor family who have redoubled their efforts to support us and I am confident that we can all emerge stronger and more resilient than ever before. ## **We will not only return to a new normal; we will create a better normal.** I invite you to learn more about our work and join us in improving the lives of struggling families in our community. ## With best wishes for a brighter future, Aba Weinberger Chair of ZSV Trust Annual Report for 2021 0505 DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 **“Behind every effective organisation, is a great team of people”** ## **LEADERSHIP** The late Mr Zvi Friedman ל"זצ - Known for his passion and care, he was always on the lookout to assist those less privileged, beyond his call of duty. - Rabbi Aba Weinberger ש"עמו - As a community activist and family therapist, he is familiar with the needs of the community and shapes ZSV accordingly. - Mr Joel Friedman ש"עמו- As the son of the late Mr Zvi Friedman,ל"זצ he maintains his father’s legacy in supporting the welfare of the community. - Mr Alta Mordechai Fogel ש"עמו - His business acumen contributes to the smooth financial management of the charity. - Mr Mendy Stern ש"עמו - As an active community member, he helps us expand our reach across the London Community and beyond. - The late Lady Amelie Jakobowits ה"ע- As a key figure on our board for over 20 years, her unconditional love for those in need is emulated by our volunteers and administration. - Under the leadership of Mr C L Josefowitz,ש"עמו our team of volunteers, who have undergone training and DBS clearance, are there to help us manage our dayto-day operations with efficiency and confidentiality. DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 **----- Start of picture text -----**
London Hackney
Haringey
Barnet
Redbridge
Enfield
Tyne & Wear: Edgware
Gateshead
Essex
Greater
Manchester: Southend-on-sea
Castle Point
Salford
Prestwich
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## **Our far reaching support** **----- Start of picture text -----**
Social Welfare
Organisations
4 in London,
2 in Gateshead
2 in Manchester
Youth Clubs
3 in London
Low Cost Shop
1 in London
Care Homes
2 in London
1 in Manchester
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**Agencies we work with:** DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 ## **Our mission** **ZSV Trust aims to alleviate poverty amongst the Jewish Community.** _**We empower people out of poverty, hunger, illness and hardship.**_ ## **Our key goals:** ## **Hunger Relief:** Reduce food insecurity through Food Lifeline’s Kosher food parcels. ## **Poverty Relief:** Provide financial assistance for low-income families,and struggling individuals. ## **Hardship Relief:** Offer guidance, resources and practical support for those undergoing a crisis. DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 **An inside view at ZSV** trainers, ZSV takes a proactive approach to campaign and contribute towards the distribution of clothing parcels. ## **Food Lifeline:** Families struggling with food poverty are at a higher risk of physical and mental health issues, often experiencing increased levels of stress and family tension. ## **Healthcare Assistance:** Where NHS has failed, people suffering from health issues will often face exorbitant medical bills. ZSV assists sick patients and their families, by evaluating their needs and partnering with local healthcare agencies to determine the best way to support them. This may include referrals or contributions towards their expenses as they undergo treatment. Food Lifeline is the largest project of ZSV trust, providing Kosher food parcels to thousands of low-income families, through the following programmes: - **•Passover Distribution** - **•High Holy Days Distribution** ## **Youth Provision:** - **•Weekly Shabbat parcels** Children and teenagers need a healthy outlet from schoolwork, within a culturally appropriate environment. However many families from disadvantaged backgrounds cannot afford these costs. ZSV subsidises activities that will make a difference to children’s academic performance, channelling their funds to after-school-clubs and youth programmes, in line with recommendations from schools and social workers. - **•COVID Campaign** - **•Family Food Vouchers** Since COVID, the demand on our services has increased by 70% and we are a frontline service provider, assisting the elderly, sick, widowed, orphaned and unemployed through food parcels, vouchers, errand undertaking and volunteer support ## **Housing Repairs & Utilities:** ## **Emergency Crisis Fund:** When families are faced with emergency housing repairs, the financial repercussions can be enormous and the family’s health may be at risk. ZSV steps in by assessing each individual situation and contributing accordinglytowards repairs, utility bills or emergency renovations. Families with a single parent or unemployed breadwinner struggle to pay their bills when hit with an unexpected crisis. After careful assessment, we provide grants to families with outstanding expenses, subject to them accessing further guidance in financial matters. Our aim is to help them get back on their feet without being pulled further into debt. ## **Referral Service:** Sometimes beneficiaries require additional support beyond food, clothing and grants. Through our trained volunteers, we refer 100 callers per week to suitable organisations that will address their needs. These include social welfare organisations, counselling services, youth clubs, children’s centres, elderly care programmes and employment agencies. ## **Building a Home Fund:** Some newlyweds from low-income backgrounds struggle with the overwhelming financial burden of setting up a home. ZSV secures their beginnings by soliciting funds from the community to support these young couples with rent, furnishing and household goods. ## **Counselling Service:** Poor mental health, stress and family tension is a growing problem and financial support alone is often not enough. Alongside the local welfare agencies and social workers, ZSV recommends qualified therapists and counsellors who offer subsidised sessions, advice and guidance to those in distress who cannot afford it. ## **Clothing & Shoes Drive:** Large families with young children may struggle with the choice between a new pair of shoes or food on the table. From winter coats and baby clothes to school shoes and DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 ## **A year of Crisis** ## **COVID-19 RESPONSE** COVID-19 has disrupted lives, straining finances and threatening stability. As a frontline service provider, we have experienced an increased surge of demand and we cannot turn a blind eye to the pleas for help. Since the outbreak, we have responded to the needs of nearly 20,000 COVID victims, including school-aged children, the elderly, vulnerable, bereaved and unemployed. Our services now comprise of a telephone helpline, food parcels and vouchers, errands for the homebound, children’s packages, medical assistance and volunteer support. We aim to give our recipients the headspace and time to focus on family matters and underlying issues, allowing many to secure lucrative employment within the timeframe of our support. ZSV is committed to the safety of all those involved. We offer door-to-door delivery services, rather than arranging a central pickup location for our distributions, to avoid unnecessary exposure of our beneficiaries. Our volunteers are required to wear PPE, maintain social distancing, work in small bubbles and adhere to all government guidance, under the supervision of our Safeguarding Officer. TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 **----- Start of picture text -----**
DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271
TRUSTEES’ ANNUAL REPORT
Year Ended 31 December 2020
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## **Our Evaluation Methods** **----- Start of picture text -----**
01 We welcome our 02 Our
beneficiaries’
volunteers
feedback via phone
regularly report
or online.
back to our Lead
06 Volunteer
Coordinator.
We hold
monthly
management
meetings to
review feedback,
evaluate the 03
need and shape
Optional
programmes Feedback
accordingly.
questionnaires
are included in
our food
05 parcels.
Local welfare
organisations, Rabbis
and leaders update us
on the needs of the
04 End-of Year Surveys are
community.
distributed to all
beneficiaries.
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DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 **----- Start of picture text -----**
SOME OF OUR
“Alone, we can do so little. The London
FUNDERS:
Community
Foundation
£65,360
Together we can do so much.”
National Lottery
Helen Keller
Garfield Community Fund
Weston £10,000
Foundation
Thank you £20,000 Anonymous
Donor
£10,000
for your
CAF
Childwick
£10,000
Trust
support! Anonymous
£5,400
Donor
£9,500
Hackney
Parochial
Charities
£5,000
Charles S French
MCKS Charitable
Charitable Trust
Foundation UK
£2,500
£5,000 Joan
Wilkinson
Charitable
Trust
£2,000
Shoresh
Charitable
Trust
£2,000
Ernest Hecht
London
Charitable
Catalyst Foundation
£1,500
£2,160
Travers
Smith
Haringey
Foundation
Giving
£1,400
All Aboard
Canary Wharf
Group Plc
£1,500
18 19
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DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 ## **Take it from them!** DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 ## **2020/2021 A year of healing** ## **VISION** Unfortunately, we know that COVID has left its mark on our health, economy and everyday lives, as we struggle with its long-term effects. We pray that this pandemic be a thing of the past and we look towards a brighter future of recovery, hope and growth. ## **A PEEK INTO OUR PLANS** - Support those affected by COVID - Expand our referral service - Reassess and evaluate those in need - Improve and professionalise our procedures DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2020 ## **Structure, Governance and Management** The trustees are involved in the day to day running of the charity and are responsible for the income whether by way of donations and grants. ## **Investments Powers, Policy and Performance** The charity places surplus funds in a bank deposit account. It is the view of the trustees that due to the rapid turnover of funds it would not be prudent to invest in any other type of account as the charity requires immediate access to its funds. ## **Governance and Internal Control** The power of appointing new or additional Trustees hereof or removing Trustees is vested in the persons who are for the time being the trustees. ## **Risk Management** The trustees have identified and reviewed the major risks to which the Trust is exposed, in particular those related to the operations and finance of the Trust, and are satisfied that systems are in place to mitigate those risks. ## **Public Benefit** The Trustees confirm their compliance with their duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities. ## **Financial Review** The charity was able to continue its activities to the satisfaction of the trustees. ## **Reserves** The charity has a policy of ensuring that at all times it has sufficient funds to support its activities for at least 1 month. Reserves at the Balance Sheet date were above this level and the Trustees are confident that the reserves can be increased further if necessary. The reserves as reported are low but as the Charity has minimal overheads and low fixed costs, the Trustees feel that it would not be sensible or justifiable to withhold support from potential beneficiaries just in order to maintain an arbitrary level of reserves. In order to ensure that there are always sufficient funds available to meet needs which fluctuate from time to time, the Charity has obtained the support of 10 philanthropists who are committed to the Charity and have agreed to support the Charity financially should it be unable at any time to meet its financial commitments. These total £100,000 and would be available for drawdown should it prove necessary. Since these offers were made in 1999, it has never been necessary to call upon these but they remain available should the need arise. ## **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: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgments and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards 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 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 19 July 2021 and signed on behalf of the board of trustees by: Mr M Fogel Trustee Docusign EnvÈlopÈ ID". 9F77A59C-AB34498&B7FA-7290D6377271 The Z.S.V. Trust The LS.V. Trust Independent Auditor's Report to the Members of The Z.S.V. Trust Year ended 31 December 2020 Independent Auditor's Report to the Members of The LS.V. Trust (cowrfRNedJ Year ended 31 December 2020 Opinion We have audited the financial statements of The Z.S.V. Tn￿t (the 'charity) for the year ended 31 December 2020 which comprise ihe statement of financial activitie4 statement of financial position, statement of cash flows and the related noies. tncluding a summary of significant accouniing 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 Rewining Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounling Practice). In our opinion the financial slal¢m¢nts: give a true and fair vtew of the state of the charitys affairs as at 31 December 2020 and of its incoming resources and application of resources. including its income and expenditure. for the year then ended: have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: have been prepared in accordance with the requirements of the Charities Act 2011. Basls for oplnlon 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 auditovs responsibilities for the audit of Ihe financial statements seclion of our re￿rt. We are independent of the Charity in acLordanc¢ with Ihe ethi¢al r¢quirem¢nls Ihal are relevant lo our audil of the financial ststements in the UK, including the FRC'S Ethical Stgndard. and we have fulfilled our oiher thhical r¢sponsibilili¢5 in a¢¢ordanc¢ with th¢5e requiremerkls. We beli¢ve th8t lh¢ audil ¢viden¢e we have obtained is 5uffi¢i¢nt and appropriaie io provide a basis for our opinion. Concluslon5 relatlng to golng concern In auditing the financial statements. we have Concluded that the In￿tees. use of the going con¢em basis of accounting in the preparation of the financial stsiements is appropria￿. Based on the work we have performed, we have not identified any materi81 uncertainties relating to events or conditions thai. individually or colleciively. may casi significant doubt on the company's ability to coniinue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Oiher inform4ti0 The other infomiaiion comprises the inforniaiion included in the annual reporL other than the financial statements and our auditor's report thereon. The trustees are responsible for the other inforniation. Our opinion on the financial ststements does not cover the other infornlation and, except io the extent othenvise explicitly siaied in our report. we do not express any forni of assurance conclusion thereon. In connection with our audil of the financial stalement& our responsibility is to read the other inforniation anrt in doing so. consider whether the other infornialion is materially inconsistent with the financial slalemenls or our knowledge obiained in the audil or otherwise appears lo be materially misstsied. If we identify such malerial inconsislencies or apparent malerial misslalements. we are required to deterniine whether there is a material misstatement in th¢ financial stalements or 3 material misstat¢ment of the other infoTmation. If, based on th¢ work we have performed, we conclude that there is a maieri81 mi&8tstrmeni of this other Infom￿tiOn, we are required to report that facL We have nothing to report in this regard. M*tters on whi¢h we art required lo report by ex¢eptioD In the lighi of the knowledge and understsnding of the charity and lis environment obtsined in the course of ihe audit, we have not ideniified material misstatements in ihe trustees, report. We have nothing to report in respect of the following matters in relation lo which the Charities Act 2011 requires us io report to you if. in our opinion: the infOrn￿ll0n given in the ttwtees, report is inconsistent in any material respect with the financial stalements; or adequate accountin8 records have not been kept. or the financial statements are not in a8reemenl with the accountin8 records and returns: or we have not received all the inforni8tion and explanations we require for our audit. Rtspollslbllltles of tryst¢ As explained more fijlly in the ttwstees, responsibilities statemenL the trustees are responsible for the preparntion of the financial ststements and for being satisfied that they give a true and fair view. and for such inlernal control as the trustees delerniine is necessary to enable the preparation of financial slalements that are free from malerial misslatemenL whether due lo fraud or e￿Or. However, due to the current macrfreconomic impact of the Covid-19 pandemic and the higher level of uncertainty observed in the economy. including the uncertainly surrounding Brexit and the a5socialed polential financial c¢)sts. we cannot predict all future evenls or conditions. As subsequent ¢v¢nls may r¢suli in outcomes thal are inconsistent with judgemenls that were reasonable at the lime they wer¢ made, th¢ abs¢n¢¢ of ref¢r¢n¢¢ to a material Lmcertainty in this audilorfs Teport is not a gugrant¢¢ thut th¢ Company will ronlinue in operation. Our r¢5ponsibilities and the ffsponsibilitle5 of the trustees with rcsp¢¢i to going ¢on¢¢m art dwribed in the relevant sections of ihis report. In preparing Ihe financial slatements. the truslees are responsible for assessing the charily's abilily to continue as a going concem. di%losin& as appIl￿b]e, matters related to going concern and using the going ¢on¢em basis of a¢¢ounling unl￿5 the truste¢s either inlend to liquidal¢ the ¢h8rity or lo ¢ca operations, or hav¢ no r￿lIst1¢ alternativ¢ bui to do so. 26 27 Docusign EnvÈlopÈ ID". 9F77A59C-AB34498&B7FA-7290D6377271 The Z.S.V. Trust The Z.S.V. Trust Independent Auditor's Report to the Members of The Z.S.V. Trust Year ended 31 December 2020 Independent Auditor's Report to the Members of The Z.S.V. Trust Year ended 31 December 2020 Other Informatlon As part of an 8udit in accordance with ISAS (UK), we exercise professional judwent and maintain professional scepticism throughout the audit. We also: Identify and &￿sS the risks of material misslatement of the financial statements, whether due to fraud or ern)r, design and Frfom audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not de￿ctIng a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve Collusio￿ forgery. intentional omissions. misrepresentations. or the override of inlernal control. The other inforniation comprises the infonnation included in the annual repoTL other than the financial statements and our auditor's report thereon. The trustees are responsible for the other infomation. Our opinion on the financial statements does not cover the other information and except to the extent otherwise explicitly stated in our reporL we do not express any forni of assurance conclusion thereon. In connection with our audii of the financial statements. our responsibility is to read the other infomaiion and. in doing so, consider whether the other inforniation is maierially inconsisient with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misslaled. If we idenlify such malerial inconsislencies or apparent malertal misstatements. we are required lo det¢rniine wheiher there is a material misstalement in the financial statements or material misstatemenl of the other infom￿tIOn. If, b￿¢d on the work we have ￿rfOrnic￿ wc onclude that the￿ is a rnaieriol missiatrmeni of ihis other infOrn￿ll0n, we are required io report that fact. Obtsin an understsnding of internal control relevant to the audit in order to design audit pr￿￿uTeS that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the internal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting esiimales and relaied disclosures made by the trusiees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting an(L based on the audit evidence obtained. whether a malerial uncertainty exists related to events or conditions that may cast significant doubi on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exisls. we are required io draw attention in our auditor's report lo the related disclosure5 in the financial statemenls or. if such disclosures are inadequat¢. to modify our opinion. Our Conclusions are based on lh¢ audit ¢vid¢nce obtained up 10 the date of our auditor's re￿rt. However, future event5 or rondition5 may caus¢ the charily to eease to continue a5 a going concern. Evaluate the overnll presentatioo stru¢iur¢ and ¢on¢ent of the financial statement$. including the disclosures. and whether the financial slalements represeni the underlying transaclions and events in a manner thal achieve5 fair presenlalion. We communicate with those charged with governance regarding, among oiher matters. the planned scope and timing of the audil and significant audil findings. including any Si￿lfICant deficiencies in ini¢rnal control that we identify during our audil. Use of our report This r¢wrt 1$ mad¢ sol¢ly to th¢ ¢h8rity's m¢mbers, &$ a body* in ￿￿ordanCe with section 144 of ihe Charitie5 Act 2011 and regulations made under section 154 of that Act. Our audit work has been ndertaken so that we might state to the charity's members those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent perniitted 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 worl for this re￿rl or for the opinions we have fornied. We have nothing to Teport in this ffgard. Matters on whlch we are requlred io report by exceptloD In the light of Ihe knowledge and understanding of the charity and its environment obtain¢d in the course of ihe audit, we have not ideniified material misstatemenis in the trusiees, re￿)rt. We have nothing to report in respect of the following matters in relaiion to which the Ch￿IlleS A 201 I requires us to report to you if, in our opinion: the informstion given in ihc trustees, report is inconsistent in ony maierial respea with the financial stMtemenlS' or adequate accounting records have not been kept. or the financial statements are not in agreement with ihe accounting records and returns; or we have not ￿e1ved all the inforniaiion and explanalions we requiff for ow 4udil. Responslbllltles of trustees As explained more fully in the tr￿lee$, r¢$ponsibilili¢$ Siatement, the trLLSte¢s 8r¢ r¢spo¥L%ible for the prepardtion of the financial st8tem¢nts and for b¢ing $31i5fied that they give 3 tru¢ and fair vi¢w, and for such internal control as the trustees detemine is necessary io enable the preparation of fin8ncial ststements that are tree from maierial misstatemenL whether due to frdud or error. In preparing the financial ststemenis, the trustees are responsible for aS$￿ing the charitys ability to continue as 8 going concern. disclosin& as applicable, matters relaied io going concern and ￿Ing the going concern basis of accouniing unless the trustees either iniend to liquidaie the chariry or to ce operations. or have no realistic alternative but to do so. bv." QAV416dJ&LYg 8¢6977 en Arnort Chartered accountants & ststutory auditor New Burlington House 1075 Finchley Road London NWI I OPU 19 July 2021 28 29 Docusign EnvÈlopÈ ID". 9F77A59C-AB34498&B7FA-7290D6377271 The Z.S.V. Trust The Z.S.V. Trust Statement of Finxneial Activities Statement of Finaneial Position Yegr ended 31 December 2020 31 Decernber 2020 2020 2019 2020 2019 Unrestricted fund5 Restricted funds Tot41 funds Total funds Note Current ￿ets Cash ai bank and in hand Nole 159J23 35.811 Income and endowmellts Donations and legacies Investment income 942.574 21 151.820 1,094J94 21 825.197 39 Creditors: *mouDts falling due within ont year Net eurrent assets 12 (6ffjIKI) (29,240) 6.571 152,723 152,723 152,723 Total Income 942.595 151.820 .094,415 825,236 Total assets less turrtttt liabilities 6,571 Expendlture Expendilure on raising funds.. C0515 of raising donations and legacies Expmditure on charitable activilies Total expenditure Net 6.571 Funds of the eharlty Unrestricted funds 105.689 6￿.754 105ffj89 842574 88,046 740276 152,723 152,723 6.571 151,820 Total eharlty f￿ndS 13 6.571 796,443 151,820 948263 828,322 These financial stalemenls were approved by the board of trustees and authorised for issuc on 19 July 2021. and are signed on behalf of Ihe board by: Net Incomel(expendlture) 74nd net movement In funds 146.152 14&152 3,086 Reconciliation of funds Total funds brought forward Total funds carried forward 6,571 152,723 6J71 9,657 6,571 Mr M Fogel Tn￿tee 152.723 The statement of financial activities includes all Bains and losses reco￿lsed in the year. All income expendilure derive from continuin8 aclivities. The notes on pagu 33 to 37 fon• part of these fiD*llcial st*temtBt Tht #otts •# pages 33 to 37 fom part of thtst fthantiil #tattmtttl 30 31 Docusign EnvÈlopÈ ID". 9F77A59C-AB34498&B7FA-7290D6377271 The Z.S.V. Trust The Z.S.V. Trust Statement of Cash Flows Notes to the Finaneial Statements Year ended 31 December 2020 Yegr ended 31 December 2020 2020 2019 General Information C4sh flows from operotiDg 4¢tivities Net incomeJ(expenditure) Adjus¢menlsfor.- Other interest receivable and similar income Inierest payable and similar charges Accrued expensesl{income) Changes In.. Trade and other creditors The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The addr￿9 of the principal otTice is 52 Darenth Ro84 London, Nl 6 6EJ. I Statement of compliance These financial st8￿Ments have been prepared in compliance with FRS 102, 'The Financial Reporting Siandard applicable in the UK and the Republic of Ireland,. the Stsiemeni of Recommended Prnctice applicable to charities preparing their accounis in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities 2011. Aecountlng polleles BAsb of preparatlon The financial slalemenls have been prepared on the hisiorical cosl basis, as modified by the revalualion of certain financial assets and liabilities and investment properties measured at fair value through inwme or expenditure. The financial statcmenls are prepared in slerlin& which is the functional CU￿encY of the enltty. Golng eoncern There are no malcrial unccrtaintics about ihe charity's ability lo continue. Judgements and key sources of estlmatlon uneertalnty The preparalion of the financial statemenls requires management lo make judgements. eslimales and assumpiions thai affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. includin8 expectations of future events that are believed to be reasonable under the circumstances. 146.152 (3.086) (21) (39) 1.489 (320) {23W) 125,132 {1ffj41) 21 (6.51x1) (8.456) (1.489) 39 Cash generated from operations Inlerest paid Inlerest received Net cash froml(used in) operaling activities 123J12 (9.906) Net Increxsel(decreasel In cash and cash equlvalents Cash and cash equlvalents At beglnnlng of year C4sh and cash equlvalents Ydt end of year 123J12 3531 I (9,906) 45.717 35,811 159J23 There have been no material adjusth)ents based on estimations and assumptions during the financial year. Fund aceountlng General unreslricied funds comprise the accumulated sU￿lUS or deficit on income and expenditur¢ a￿oun¢. They are available for use at ihe discretion of the Truslees in fiutherance of th¢ ObJ￿tiVeS of the Charity. R¢stri¢t¢d funds are funds subject to specific r¢stri¢ted wnditii)ns imposed by donor5. There are no re5tri¢l¢d funds ss at the Balanc¢ She¢i date. Designated fun(ts are fim(ts which hav¢ been sel at ihe discretion of the for sp¢cifi purposes. There are no designated funds a5 at the Balance Sheet date. Incomlng resources All donations are recognised in the statement of financial activities (SOFA) of the charity when received. All other income is recognised on a receivable b&8iS. Resour¢es expellded All expenditure i5 cI￿lfied under the Charity'5 PTincipal categorie5 of charitable and other expenditure and by the type of expetLSe. 32 33 Docusign EnvÈlopÈ ID". 9F77A59C-AB34498&B7FA-7290D6377271 The Z.S.V. Trust The Z.S.V. Trust Notes to the Financial Statements NotÉs to the Finaneial Statements (co*rfRuedJ Year ended 31 December 2020 Yegr ended 31 December 2020 Accountlng policles Financial instruments Costs of rai5iDg don4tioDs wnd legacies unre5tric￿d Tot41 Funds Unrestricted Total Fund5 Funds 2020 Funds 2019 A fmancial asset or a fmancial liability is r¢cognised only when the ¢ntity b¢comes a party to the ¢ontractual provisions of the instnllnent. Basic financial instruments are initially recognised ai the amount receivable or payable including any related transaction cosis, unless the a￿angement constituies a financing trnnsaciion, where it is recognised ai the present value of the future payments discounted at a market rdie of interest for a similar debt instrumenL Cost of generating voluntary income 105.689 105,689 88.046 88,046 Expenditure on ch4rltsbl¢ 4¢thTlties by 4¢tivlty typ¢ Activities undertaken directly Support costs Total funds Totsl fund 2020 2019 Current assets and current liabilities are subsequently measured at the cash or other consideration expected io be paid or received and not discounted. Don*tlons and ILyacies Relief of poverty Youth activity Families undergoing strc5S Food p3￿c1S House repairs and utiliti¢s Endowments to poor brides Assistsnce with healthc8re Clothing and shoes Governance costs 209.018 4,384 29,783 441,399 10,771 90,475 23,858 14.513 10.494 219￿12 4J84 29,783 441 J99 10.771 90,475 23,858 14,513 7,879 842,574 Due to the sensitive nature of ihe problems faced by the charity's beneficiaries, the trustees mainlain a policy of strict confidentiality in respect of the support provided to all the beneficiaries. 216,752 Unrestricted Funds Restricted Total Funds Funds 2020 10.997 382.308 18,687 84,610 10,316 13.506 3,0 Donations Donations 942.574 151.820 1.094J94 Unrestricted Funds Restricted Totsl Funds Funds 2019 7,879 18.373 824,201 740.276 Donatlons Donations 825,197 825,197 The Irust¢es noie with thanks the following grants received in Te5m of the Food Lifeline project: AD*lysls of support costs Charles S French Charithble T￿￿t Childwick Trust Garfield Weston Foundation Hackney Parochial Chariiies National Lottery Community Fund London Calalyst Ernest Hecht Charitable Foundation Shoresh Charitable Trust Joan Wilkinson Charilable Twsl MCKS Charilable Foundalion UK Travers Smith Foundation CAF The London Community Foundation nvestment income 25,(Mh) Relief of poverty Tot412020 Total 2019 20.(KKI Finance costs Support costs: Administration costs 1,641 8,853 10,494 1,489 5,867 7.356 io.¢x 1.5(Kl 2.160 8.853 10.494 Independent examln8tlon fee8 2020 2019 10,(KX) 65,360 Fees payable to the independent examiner for: Independent examination of the financial slalements 10. Staff eosts Unrestricted Total Funds Unrestricted Totsl Funds Funds 2020 Funds 2019 No salaries or wages have been paid to employees. including the rnembers of the committee. during the perio Bank interest receivable 21 21 39 39 34 35 Docusign EnvÈlopÈ ID". 9F77A59C-AB34498&B7FA-7290D6377271 The Z.S.V. Trust The LS.V. Trust Notes to the Financial Statements Notes to the Finaneial Statements (coRiiHwd) Year ended 31 December 2020 Year ended 31 December 2020 I l. Tru5te¢ remyneratioll 4nd expenses No remuneraiion or other benefits from employment with the charity or a related entity were received by the trustees. 12. Creditors." amounts falling du¢ withltt on¢ yur 14. Analysis of Det assets betsveen funds Unrestricted Tot41 Funds Funds 2020 Current assets Creditors less than l year Net assets 159.323 (6.600) 152,723 159,323 (6,600) 152,723 2020 2019 Accruals and deferred income Other creditors 5.740 23.5(Kl Unrestricted Total Funds Funds 2019 29.240 Currenl assets Creditors less than l year Creditor5 gr¢a¢er than l year Net ￿Sets 35,811 (29,240) 35.811 (29,240) 13. An8lysls of eharltable funds Unrestrleted funds At 31 December 2020 6,571 6.571 At l J8nu8ry 2020 In¢om¢ Expenditu IS. Antdlysls of chtdnges In De¢ debt General funds 6,571 942,595 (796.443) 152.723 At At l Jan 2020 Cash flows 31 Dec 2020 Ai 31 December 2019 Ai l January 2019 Cash at bank and in hand 35.811 123.512 159J23 Income Expenditure General funds 9.657 825.236 (828.322) 6.571 Restricted funds At 31 December 2020 At l January 2020 Income Expenditur¢ Restricted Fund - Restricted Funds 151.820 (151.820) At 31 December 2019 At l January 2019 Income Expenditure Restricted Fund - Restricted Fl￿dS 36 37 DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 ## **are “Deeds of giving the very foundations of the world”** **Pirkei Avot 1:2** DocuSign Envelope ID: 9F77A59C-AB34-4988-B7FA-7290D6377271 ## **Board of Trustees** Mr A Weinberger Mr M Fogel Mr M Stern (Appointed 12 May 2020) Mr Y Friedman (Appointed 12 May 2021) Mr N Weinberger (Appointed 12 May 2021) ## **Auditor** Cohen Arnold Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road London NW11 0PU ## **Charity Office** 52 Darenth Road London N16 6EJ ## **Bankers** Natwest Bank Plc 6 Amhurst Parade London N16 5AD **REGISTERED CHARITY NAME: The Z.S.V. Trust** **CHARITY REGISTRATION NUMBER: 1063860**