DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 ## Annual Report & Financial Statements Year Ended 31 December 2021 _The rollercoaster ride out of COVID_ DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2021 **----- Start of picture text -----**
33,120
combined hours
021 at a glance
of volunteering
5,520
food parcels
2,890 distributed
people
1,740 referred
children’s shoes
distributed
441
760
patients
emergency crisis
supported
funds allocated
with
healthcare
70
volunteers
35
houses
1,140
repaired
clothing grants
distributed
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## _2021 at a glance_ 03 02 DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 _We empower people out of poverty, hunger, illness and hardship_ ## Dear Friends, At ZSV our first priority has been, and always will be, the dignity and wellbeing of the young families and elderly people we support, and we have been doing whatever we can to ensure this. Between distributing children’s shoes, providing clothing, Kosher food parcels, vouchers and emergency crisis funds to thousands of people, we have had a full plate this year. We initially anticipated supporting up to 3,500 families, but ultimately assisted 4,270 households multiple times per year- a 22% increase since last year. Let’s face the facts. It has been a rollercoaster year. If we thought the easing of Covid-19 meant the crisis was over, we were very wrong. There were plenty of bumps on the road and rough waters to navigate. 2021 brought a perfect storm of global turbulence: soaring food prices, stock shortages and skyrocketing energy bills, leaving families struggling to heat their homes and feed their young children. The demand far exceeded our capacity, fundraising events were cancelled and some of our long-standing supporters have wound up their charity in light of the economic downturn. With low reserves and tight budgets, difficult decisions had to be taken. Despite the challenges, or perhaps because of them, we have ended the year on a strong note, building on the new normal we created. We have emerged from COVID with renewed resilience, development and hope. We have revamped our website, assessed our beneficiaries’ needs, built a customised beneficiary database, strengthened our partnerships, reviewed our strategies and increased our pot of reserves to adapt to the new climate of uncertainty. As you will notice on our financial statements, more funds appear under ‘food parcels’ and less under ‘relief of poverty’. This is because a larger proportion of poverty relief this year was in the form of food parcels and, as such, was categorised accordingly. In addition, our expenditure on ‘endowment to poor brides’ has decreased in relation to last year, due to COVID. I am immensely grateful to our long-term supporters, individual donors, corporate supporters, charitable foundations and trusts who have mobilised to generously provide their financial assistance in such a time of crisis. Every family lifted out of poverty is credit to you. In addition, I would like to highlight the incredible support and opportunities offered to us by our local councils of Hackney and Haringey. Suffice it to say that you keep ZSV’s wheels turning. On behalf of our beneficiaries and my fellow Trustees, thank you to all. Moving forward, we have exciting plans of broadening our networks to provide support that is more accessible and sustainable in the long run. We recognise that partnering with local councils and supermarkets will help us tackle the increased demand and grow our impact. As always, our beneficiaries will remain at the core of our focus and any plans we undertake will be shaped according to their needs. Ultimately, I believe that success is not an end result, but a process. With each parcel that we distribute, every hand that we hold, each listening ear that we extend, we are making someone’s life better. The little steps are our big achievements. This mind-set is woven into the DNA of our charity and propels us to maintain the highest level of sensitivity and respect towards each individual beneficiary. Finally, I will conclude with a blessing to our supporters that you always remain on the giving end. May we all go from TURBULENCE to TRANSFORMATION, where we each feel secure as an individual, as a community and as a nation. I invite you to explore our journey this year and join us in helping those with less. With best wishes for a brighter future, Mr Aba Weinberger Trustee of Z.S.V. Trust 04 05 DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 TRUSTEES’ ANNUAL REPORTTRUSTEES’ ANNUAL REPORT Year Ended 31 December 2021Year Ended 31 December 2021 ## _An inside view at ZSV_ ## **WHO WE HELP** **----- Start of picture text -----**
OUR
VALUES
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**WHO WE** Elderly **WORK WITH** Social Welfare Organisations Widow/ers Communal Leaders & Rabbis Family Specialist Agencies Kosher Food Providers Orphans Local Authorities Integrity Volunteers Charitable Trusts & Foundations Dignity Children Employment Agencies Confidentiality Disabled Care Single Parents - Individuality **----- Start of picture text -----**
Families
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WHAT
WE DO
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We provide thousands of food parcels, food vouchers, supermarket top-ups and volunteer support. ## **Emergency Crisis Fund** We distribute grants to families with outstanding expenses, subject to them accessing further financial guidance. We solicit funds from the community to support newlywed couples with rent, furnishing and household goods. We distribute winter coats, baby clothes and quality shoes for children. ## **Healthcare Assistance** We partner with local healthcare agencies to refer our beneficiaries and contribute towards their medical expenses. ## **OUR AIMS** We partner with local youth clubs to subsidise holiday programmes for young people in need. Preventing crisis at early stages Keeping the family together Giving young people a kick-start in life Ensuring that no child goes hungry In special cases, we contribute towards housing repairs, utilities and energy vouchers. ## **Referral Service** Reducing social isolation We refer people to social welfare agencies, counselling services, youth clubs, elderly care programmes and employment agencies. Improving the elderly’s quality of life Promoting community cohesion Enabling access to culturally appropriate support Leading breadwinners to self-sufficiency We recommend qualified therapists and counsellors who offer subsidised support to those in distress. **----- Start of picture text -----**
Cost of
Living Crisis
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**OUR TEAM’S RESPONSE OUR COMMITMENT TO OUR** Monitoring government support opportunities **BENEFICIARIES** **----- Start of picture text -----**
Global
Tension
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**PRESENT CHALLENGES** Demand is increasing at a rate of 20% per year Fuel costs of transportations are soaring Food parcel prices are skyrocketing Diversifying our Supporting them fundraising strategy throughout **----- Start of picture text -----**
The New
Normal
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Delays in supply chains across all areas Energy costs are spiralling out of control Relieving their struggles and stress Broadening our networks Reviewing our policies Securing in-kind donations Adapting to change due to Covid repercussions Helping them live better lives **----- Start of picture text -----**
Brexit
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New emotional challenges arising ## **OUR VISION** Increased unemployment Long term effects of Covid High expenses of Kosher food imports **A community where problems shared are halved.** **06** **07** DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2021 _The strength of the team is each individual member. The strength of each member is the team._ ## _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 Nuchem Weinberger ש"עמו - With strong interpersonal skills, he builds professional relationships with organisations and beneficiaries. 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. Mr C L Josefowitz ש"עמו - Under his leadership, our team of volunteers, who have undergone training and DBS clearance, are there to help us manage our day-to-day operations with efficiency and confidentiality. 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. 09 08 DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 TRUSTEES’ ANNUAL REPORT _Our far reaching support_ **----- Start of picture text -----**
0810
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Year Ended 31 December 2021
London:
Hackney
Haringey
Tyne & Wear:
Barnet
Gateshead
Redbridge
Enfield
Edgware
Greater
Manchester: Essex:
Southend-on-sea
Salford Castle Point
Prestwich
Who we work with: Social Welfare Organisations
in London in Gateshead 2 in Manchester
7 3
Youth Clubs
in London
4
Kosher Supermarkets
in London in Gateshead 5 in Manchester
15 2
Care Homes
15 in London 1 in Manchester
1109
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DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2021 ## _Each one of us can make a difference. Together we can . make change_ ## _Our programmes_ ## 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. 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 Weekly Shabbat parcels COVID and Crisis Campaign Family Food Vouchers Since March 2020, the demand on our services has increased by 72% and we are a frontline service provider, assisting the elderly, sick, widowed, orphaned and unemployed through food parcels, vouchers, errand undertaking and volunteer support. ## Emergency Crisis Fund: 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. ## 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. ## 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 trainers, ZSV takes a proactive approach to campaign and contribute towards the distribution of clothing parcels. ## 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. ## Youth Provision: 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. ## Housing Repairs & Utilities: 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. ## 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. ## 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. 13 12 12 DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2021 ## _Turbulent times call for desperate measures_ ## _COVID Crisis_ _As a self-employed working mum with 6 young children, the day-to-day responsibilities of running the household are overwhelming. Whilst the world is creeping out of COVID, the effects on my income are_ _long lasting. Food prices are soaring and there is little left for us to cut back on to accommodate the expenses._ _To our huge relief, ZSV stepped in by delivering a parcel full of nourishing Kosher food during the holidays, including healthy treats for the kids. We cannot express our appreciation enough. The children were so much happier. My husband and I attended Mesila UK (a financial management organisation), as recommended by ZSV. Equipped with new skills to support the family, we were all ready to face the new school term with renewed vigour and hope._ _Mrs P. N._ 14 15 DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2021 ## _Cost of Living Crisis_ ## _Weathering a stormy future_ **----- Start of picture text -----**
“Energy bills could rise by 50% amid national crisis of
soaring UK Prices”
“Inflation: Food price rises are terrifying, warns industry
(BBC, Oct. 2021)
go without food”“The inflationary pressures are causing many families to
(ITV News, Nov. 2021)
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_**“Higher energy bills, stagnant wages and tax rises could leave households with a £1,200 a year hit to their incomes”**_ (Resolution Foundation, Dec. 2021) _We foster two children from a dysfunctional background, in_ _addition to our family of 4. With the blow of Covid, recent budget cuts and the rise of global challenges, the Government’s foster allowance is not nearly enough to help us get by. The atmosphere was tense as we found ourselves sinking into debt and struggling to provide for the family._ _With a referral from a community leader, ZSV helped to stabilise the situation by providing financial support, food vouchers and shoes for the children. They directed us to appropriate therapists, who addressed our children’s emotional issues. They held our hand every step of the way, supporting us in building a warm and loving environment for our children. We cannot thank you enough for the transformation._ _Mr & Mrs D._ 16 17 DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2021 _“Alone, we can do so little. Together, we can do so much.” Helen Keller_ **----- Start of picture text -----**
for
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19 18 DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 TRUSTEES’ ANNUAL REPORT Year Ended 31 December 2021 20 21 Docusign EnvÈlopÈ ID." FoB87097-F51B446&Ao3￿@A6670c13lB5 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 2021 Independent Auditor's Report to the Members of The Z.S.V. Trust Year ended 31 D¢¢ember 2021 Opinion We have audited the financial statements of The Z.S.V. Trusi (Ihe '¢hariiy') for the )'ear ended 31 December 2021 which comprise ihe slalement of financial aciiviiies, statement offinancial posiiion, statemeni of cash Ilows and the related notes, including a summary of significani accouniing policies. The finan¢ial reporting framework thai hos been applied in iheir preparaiion is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Siandard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accountinq Praciice). In our opinion the financial statements: give a tEve and fair view of the state of the ¢harity's affairs a5 at 31 December 2021 and of its incoming resources and application ofr¢sow¢¢s, including its income and exFnditure, for the yrdr then ended- Matters on which we are required to report by exception In the light of the knowledge and understanding ofthe charity and its environment obiained in the course of the audil we have not identified material misstatements in the trusle¢s' report. We have nothing lo report in respect of ihe following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion: the inforniation given in the truslees. report is inconsistent in any material respect with the financial statements- or adequate accounting records have not been kept. or the financial statements are not in agreement with the accounting records and returns. or we have not received all the inforniation and explanalions we require for our audit. Responsibilities of trustees As explained Tnorc fullv in the trustees, responsibilities staiement, 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 iniemal control as the trustees determine is necessary lo enable the preparation of financial statements are free from material missiaiement. whether due to fraud or error. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice: have been prepared in accordance with the requirernents of the Charities Act 2011. Basis for opinion We conducted our audit in accordance with Inlernational Standards on Auditing (UK) IISAS (UKI) and applicablc law. Our rcsponsibilities under thosc standards arc furthcr dc5cribcd in thc auditorfs responsibilities for the audit of the financial siatements section of our report. We are independent ofthe charity in accordance with the ethical requirements thai are relevanl to our audit of the financial statemettts in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with ihese requirements. We believe thai the audit evidence we have obtained is sutTi¢ient and appropriate io provide a basis for our opinion. Conclusions relating to going concern In auditing the financial staiemenEs, we have concluded ihat (he irusiees, use of the going concern basis of accouTbling in the preparation of the financial stsiements is appropriaie. Based on the work we have perfomed. we have not identified any maierial uncertainties relating to events or Conditions that, individually or colleciively, may cast significani doubt on the company's ability to ¢ontinu¢ as a going ¢on¢ern for a period of ai leasl twelve months from when the financial statements are auihorised for issue. In prcparing thc financial stalcmcnt5, thc trustces arc rcsponsiblc for a5scssing the charity's ability to coniinue as a going concern, disclosin& as applicable, mailers related io going concern and using the going concern basis of accounting unless the trusiees eiiher intend to liquida(e the ¢harily or to cease operation4 or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial 5tatement5 as a whole are free from material missiatemeni, 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 noi a guaraniee ihai an audit conductcd in accordancc with ISAS (UK) will always dctcct a material misstatement when it exists. Missthiements can arise from fraud or error and are considered material if. individually or in the aggregaie, they could reasonabl). be expecied io influence the economic decisions of users taken on the basis of these financial Ststemen￿. Irregutarities. including Irau(L are instances of non4omplian¢e with laws ond r¢gulalions. We design procedures in line with our responsibilities. outlined alM)ve. to detect malerial misstatements in respect of irregulariiies. including fraud. The extent to which our procedures are capable of detectin8 irregularities. including fraud is detailed below: We obtained an understanding of the legal and regulatory frameworks that are applicable to the company. and delemiined thai the most relevant to the presentation of the financial statemenls are those that relale to the re￿rtIng legislalion (UK GAAP and the Companies Act 2006), the relevant tax regulations in the United Kingdom. the Landlord and Tenant Act. the UK General Data Protection Regulation IGDPR). Health & Safety Regulations and the Bribery Act. We understood how the company is complving with those frameworks through discussion witli the trustees and senior management. and b>. identify'ing the company's policies and procedures regarding compliance ￿1th lam's and regulations. We also identified those member5 of management ￿,hO have Ihe primary rcsw>n5ibilily lor CTtsuring compliance with laws and rcgulalions, and for reporting any known in5tatJces of non-COTnpliance to the trustees. We communicaied these identified framcwork5 amongst our audit team and Tcmained alcrt to any indication5 of non-COTnpliance Ihroughoui ihe audit. We ensured that the engagement team had sU￿7t]ent competence and capability to identify or recognise non-compliance with laws and regulations. Our responsibilities and the responsibilities of ihe Iwstees with reS￿¢t to going ¢on¢em are described in the relevant sections of this report. Other information The other information comprise5 Ihe inforniation included in the annual report. other than the financial statements and our auditor's retK)rt thereon. The trustees are responsible for the other inforniation. Our opinion on the financial statements does not cover the other inforniation and. except to the extent othenvise explicitly sÈated in our report. we do not express any forni of assurance conclusion thereon. In conneciion with our audit of the financial statements. our responsibility is to read the other inforniation and, in doing so. consider whcther the other inforTnation is Tnaterially incon5islcnt with the financial statements or our knowledge obtained in the audit or oihenvise appears lo be materially misstated. If we identifv such material inconsistencies or appareni Tnaierial Tnisstaiemenis, we are reqLbired to determine whether there 15 a matcrial misstatement in the financial statements or a material misstatemeni ofthe other infomiation. If. based on ihe work we have perfornied. w'e conclude thai ihere is a material mi55tatement of this other information, we are required to report that fact. We have nothing to report in this regard. 22 23 Docusign EnvÈlopÈ ID." FoB87097-F51B446&Ao3￿@A6670c13lB5 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 2021 Independent Auditor's Report to the Mernbers of The Z.S.V. Trust (eoniiNAed) Year ended 31 December 2021 Auditor'5 reSPGnsÈbilitie5 for the audit of the financial statement5 We discussed with ihe trustees and senior management the policies and procedures regarding compliance with these legal and regulatory frameworks. We assessed ihe susceptibility of the company's financial statemenls lo material misstatement. including how fraud might occur. by reviewing the company's identified risks and enquirv with the trustees and senior Tnanagement during the planning and finalisalion phase5 of our audit. The susccptib&lity to such material misstatemcnl w'as determined to be low. Based on this underslanding w'e dcsigned our audit procedures to identili, non-compliancc ￿1th thc identified legal and rLgulatory frnmeworks, which were part of our pr￿edureS on the relatcd financial statement iteTns. Our procedures included reviewing the company's internal controls policies and proccdurcs, rcvicwing thc tninutcs of board tncctings aTtd corr¢5pondcncc with regulatory bodies including HMRC, Eesiing transaciions ouiside the nornial course of the business and journal entriC5, and di5CL5S5iOll5 with the trustCC5 and scnior wnanagcmcnt. Owing to the inherent limitations of an audit, there is an unavoidable risk (hai we may noi have delecied SOtn¢ material mi55tat¢Tnr¥Jts in thc financial statcm¢n15, cvcn though w¢ hav¢ prop¢rl! planncd and perfornied our audit in accordance with auditing siandards. For exkunple, Ihe further removed non- compliance wilh laws and regulations lirregularilies) is from ihe evenis and iransaciions refleaed in ihe finan¢i¢il siatements. Ihe less likely th¢ inherentlv limited proLedures required by audiiing sthndards would identify it. In addiiion, as wilh any audit, Ihere remained a higher risk of non-deieciion of irregularilies. as these may involve collusion. forgery. intentional omissions. misrepresentaiions. or the override of internal controls. We are noi responsible for preventing nonlicic5 Used and thc rca50nablcnes5 of accounting esifftmaies and relaied disclosures made by the irLtsiees. Concludc ott ihc appropriateness ofthc tru5tccs' usc of thc going conccrn basis of accounting an based on the audit evidence obtained. whether a material unLertaint)' exisls related io ei'enls or onditions that Tnay cas1 Significant doubt on thc charity's ability to conlinuc as a going conccrn. If we conclude thai a maierial uncertaint￿. exists, we are required to draM' attention in our audiior's Teport io the rclaicd disclosurcs in the financial siaicmcnis or, if such dtscloswcs are inadcquaie, lo modify our opinion. Our ¢onLlusions are based on ihe audit eviden¢e obiained up to th¢ date or our audiior's report. HO￿.ever, fviure evenis or condiiions may cause the charitv 10 cease io continue as a going Concern. Evaluale Ihe overall presenia(ion, strucTure and content of ihe financial siatements, including the disclosures, and w'hether the financial statemenis represent the underlying transactions and events in a manner that achieves lair preseniation. 24 25 Docusign EnvÈlopÈ ID." FoB87097-F51B446&Ao3￿@A6670c13lB5 The Z.S.V. Trust The Z.S.V. Trust Statement of Financial Activities Statement of Financi81 Positio Year ended 31 December 2021 31 December 2021 2021 Restricted funds Total funds Toial funds 2020 2021 2020 Unresiricied funds Note Current assets Debtors Cash ai bank and in hand ote 13 20870 310,688 Income and endowments Donations and legacies Investment income 159,323 962,722 355.574 lJl8296 1,094,394 21 331,558 159,323 Creditors: amounts falling due within one vear Total income 962.727 355.574 lJ18JOI 1.094.415 14 (9,661) 16,600) Expenditure Expenditure on raising ￿ndS.. Costs of raising donaiions and legacies Expenditure on charitable activitie5 Total expenditure Net current assets 321397 152,723 Total assets less curren¢ liabilities 321897 152,723 79,640 725,868 79,640 1.069,487 105.689 842.574 Ne¢ 4ssets 321,897 152,723 78 343.619 805.508 343.619 1.149,127 948.263 Funds of the charity R¢sirict¢d funds Unrestricied funds 11,955 309,942 152,723 Net income And net movement in funds 157.219 1,955 169,174 146.152 Total charity, funds 15 321097 152,723 Reconciliation of funds Total lunds brought forward Tot#l funds carried forward 152.723 152.723 6.571 These financial stsiements were approved by the board of tn￿teeS and authorised for issue on 21 Sepiember 2022, and are signed on behalf of the board by: 309.942 1.955 321.897 152.723 The statement of financial activities include5 all gait]s and losses recogni5ed in the year. All income and expenditure derive from continuing activities. Trustee The ttotes ott pages 29 to 34 fom of thtst fittattti*l ststemtrtl The Doles ob ￿£¢5 29 to M fom part of tke5t fittxntial staiemeDI& 26 27 Docusign EnvÈlopÈ ID." FoB87097-F51B446&Ao3￿@A6670c13lB5 The Z.S.V. Trust The Z.S.V. Trust Ststement of Cash Flows Notes to the Financial Statements Year ended 31 December 2021 Year ended 31 December 2021 2021 2020 General informatio Cash flows from operating activities Net income The charity is a public benefii enliiy and a regisiered charity in England and Wales and is unincorporaied. The address olthe principal otTice is 52 Darenth Roail London. N16 6EJ. Statement of compliance These financial stsiements have been prepared in compliance with FRS 102. 'The Financial Reporting Siandard applicable in the UK and Ihe Republic of Ireland,, the Statement of Recommended Practice applicable lo charities preparing their ac¢ounls in ac¢ordance wilh the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 1021 (Charities SORP IFRS 102)) and the Charities Act 2011. 169,174 146,152 AdjuJ'lmeni.ffor." Other interest receivable and similar income Interest payable and similar Charges Accrued expenses Changes in.. Trade and other debtors Trade and other creditors {5) 2,462 3,061 (21> 1.641 860 {20870) 123.5(M)> Accounting policies Cash generated from operations Interest paid Inieresi received 153J22 125.132 Basls of prep8r8tion The financial statements have been prewdred on the historical cost basis, as modified by ihe revaiuation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertaintie5 about the charity's ability to conlinue. Judgemenls and key sources of estimation uttcertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions ihai affect ihe amounts reported. These estimates and judgements are continually rcvicwcd and arc bascd on cxpcrictjcc and othcr factors. including cxpcctations of futurc cvcnts Ihai are believed io be reasonable under ihe circumstances. (2,462) (1.641) 21 Net cash from operating activities ISlJ65 123.512 Net increase in cash and cash equivalents Cash and cash equivalents at be2inning of year Cash and cash equivalents at end of year 151J65 159J23 1?3.512 35,811 310,688 159.323 There have been no material adjustments based on estimations and assumptions during the financial year. Fund accounting General unrestricted funds comprise the accumulaied surplus or deficit on income and expendiiure accouni. Thev are available for use at the discretion of the Tn￿teeS in fifftherance of the general objeciives of the Charitv. Restricted funds are funds subject to specific restri¢led conditions imposed by donors. Designated fimds are funds which have been set at the discretion of the Trustees for specifi¢ purposes. There are no designaied funds as at ihe Balance Sheei date. IDcomiDg resources All donations are recognised in the statement of financial activilies (SOFA) of the charity when rtteived. All other income is recognised on a receivable basis. Resources expended All expenditure 15 classified under the Charity's principal categories of charitable 2nd other expenditure and by the of expense. The notes page$ 29 to 34 forw part of these finaDci*l ¥¢•teweDI* 28 29 Docusign EnvÈlopÈ ID." FoB87097-F51B446&Ao3￿@A6670c13lB5 The Z.S.V. Trust The LS.V. Trnst Notes to the Financial Statements IrO*ATJtA￿J Notes to the Financial Statements {rDMrfIAtsed) Year ended 31 December 2021 Year ended 31 December 2021 Accovnting policies (cgrylinw41 Financial instrnments Costs of raising donations and legacies Unresiricied Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 A financial asset or a financial liabiliiy is recognised only when the entity becomes a pany io the contractual provisions ofthe instrumeni. Basic financial insiruments are initially recognised at ihe amount receivable or payable including any related iransa¢iion costs. unless the arrangemeni constiiuies a finan¢ing transa¢iion. where it is recognised at the present value of the fviure paymen￿ discounied at a market rate of inleresi for a similar debt instrument. CO￿ of generating voluniary income 79,640 79,640 105,689 105,689 Expenditure on chgritsble activities by fuDd type Unrestricied Funds Restricied Total Funds Funds 2021 Curreni assets and curreni liabililies are subsequenily measured ai the cash or other consideration expected 10 be paid or received and noi discounted. Relief of poverty Emotional wellbeing Youth aciiN'ii}' Families undergoing stress Food parcels House repairs and utilities Endowments io poor brides Assistance with healthcare Clothing and shoes Covid support SuprK)rt costs 66,394 12,870 1,750 100 10,000 68,144 12,970 10,000 11,150 759,432 36,842 22,445 40,431 37,539 14,576 55,958 DonatlODS 8nd legacies Unrestricted Funds Restricted Total Funds Funds 2021 11,150 451,740 36,842 2?,445 40,431 37,539 14,576 31,881 307,692 Donation5 Donations 962,722 355.574 iJ18296 Unrestricted Funds Restricted Total Funds Funds 2020 24.077 Donations Donations 725,868 343.619 1,069,487 942,574 151.820 1.094,394 Unrestricted Funds Restricted Total Funds Funds 2020 The tNstees note with thanks the following grants received in respect of the Food Lifeline project: Canary Wharf Group East End Commuttity Foundation Fareshare Francis WinhaTll Foundation Garfield Wcslon Foundation Hackney Parochial Charities Haringey Giving London Burough of HaLkney London Borough of Haringey L & Q Foundation National Lotiery Community Fund Posicode Sociely Trust Inveslment income Relief of poverty Emotional wellbeing Youth activity Families undergoing Stress Food parcels House repairs and utilities Endownents to pwr brides Assistance with healthcare Clothing and shoes Covid support Supw>rt costs 209,018 209,018 4,384 29,783 289,579 10,771 90,475 23.858 14,513 4.384 29,783 441,399 10.771 90,475 23,858 14,513 151,820 18,373 18,373 690,754 151,820 842,574 Unrestricted Total Funds Unrestricted Total Funds Funds 2021 Funds 2020 Bank interes1 receivable 21 21 30 31 Docusign EnvÈlopÈ ID." FoB87097-F51B446&Ao3￿@A6670c13lB5 The Z.S.V. Trust The LS.V. Trnst Notes to the Financial Statements Notes to the Financial Statements Year ended 31 December 2021 Year ended 31 December 2021 Expenditure on charitable activities by activity type Aciiviiies undertaken directly Support costs 13. Debtors 2021 2020 Total funds 2021 Tothl Iwid 2020 Other debiors 20,870 Relief of ￿)vertY Emotional wellbeing Youth a¢tivity Families w)dergoing slress Food parcels House repairs and utilities Endowments to poor brides Assistance with healthcare Clothing and shoes Covid support Governance costs 68.144 12,970 10,000 11.150 759,432 36.842 22.445 40,431 37,539 14,576 48,760 116,904 12,970 10,000 11,150 759,432 36.842 22.445 40,431 37,S39 14.576 7.198 219,512 14. Creditors: omouDts f4lliDg due Miibin ODe year 4,384 29,783 441,399 10,771 90.475 23,858 14.513 2021 2020 Accruals and deferred income 9,661 6,600 IS. Anal)'5is of charilable funds Ullrestricted fulld5 At31 December 2021 7.198 7.879 January 2021 Income Expenditure 1,013.529 55,958 1,069,487 842.574 Due to the sensitive nature of the problems faced by the charity's beneficiarie5. the tr￿Slee5 maintain a policy of strict confidentiality in respect of the support provided to all the beneficiaries. Generdl funds 152,723 962,727 (805.508) 309.942 At31 December Analysis of 5UPPOrt Costs January 2020 Income Expenditure 2020 Relief of povcrty Total 2021 Total 2020 Genernl funds 6.571 942,595 (796,443) 152,723 Finance costs Governance costs Administration costs 2,462 7.198 46,298 2.462 7,198 46,298 Restricted funds 7.879 8,853 Atl January 2021 At31 December 2021 55.958 55,958 18,373 Income Expenditure 10. Auditors remuneration Reslricted Funds 355,574 (343,619) 11,955 2021 2020 Ail January 2020 At31 December 2020 Fees payable for the audit of the financial siatemenls 7,198 6.6(K) Income Expenditure I l. Staff costs Restricted Fund5 151.820 (151.820) No salari¢s or wages have been paid to employees, including the members of the committee, during the period. The Charity is mindful io be cost-e￿I¢1enl and effective by maximising the usage of volunteers. However, in order io keep abreasi with ihe increasing demand, the Chariry currenily uiilises ihe services of three individuals to manage its operation& the costs of whom are included in Administration Costs. 12. Trustee remuner8tion and expeDSe5 No remunerdtion or other benefits from employment with the charity or a related enttty were received by the trustees. 32 33 DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 ## _"Anyone who saves a life is as if he saved an entire world"_ _(Sanhedrin 4:5)_ 34 35 DocuSign Envelope ID: F0B67097-F51B-4468-A039-6A6670C131B5 ## _The Little things we do help the little things we love_ Board of Trustees Charity Office Mr A Weinberger 52 Darenth Road Mr M Fogel London Mr M Stern (Appointed 12 May 2020) N16 6EJ 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 Bankers Stoke Newington (B) Branch 198 Stoke Newington High Street London N16 7GA REGISTERED CHARITY NAME: The Z.S.V. Trust CHARITY REGISTRATION NUMBER: 1063860