RISING TIDES, RISING RESOLVE: NAVIGATING THE SEA OF CRISIS
O A Trustee's Ifeflection A (il.IMP.¢iE ()F ?022 An Overvie ',combined ' 6.?0(J Our Sailors at the Whe ojunteering I distributed ?.410 , i.95(i Waves of Gratitude referrals children's. shoes I distributed Weathering the Storm of 2022 .,1.56() clothing "grants distributed Notes to the Financial 30 kj Statements 22 Financial leview 98() 1170( emergency crisis funds distribLft'edg ' 7() voluntèer&" , Independent Auditor's Report FUPP9rted ,. I répair Financial Statements 4. allh,care°.' 21 TRLISTEES'ANNUAL REPORT Year Ended 31 December 202213
A TRU.%TtE'.¢i 'RFILEfTI ¥,l//_ Delir Frlends iinrf Supporters As we reflect on the past year. l am reminded of a powerful metaphor that seems to encapsulate our journey at ZSV Trust- the metaphor of stormy seas. The challenges we have faced have been akin to navigating treacherous waters, and yet, thanks to the unwavering support of our community and dedicated volunteers, we have not only weathered the storm but also extended a lifeline to those in dire need. Throughoutthisyear,we have been a beacon of hopeamidstthetumultuous sea of crisis. offering a vital source of sustenance to hundreds of families in need. The relentless cost of living crisis has pushed prices beyond the reach of many. making us the first port of call forjewish families struggling to put food on their tables. Our mission to ensure that no child goes hungry has never been more critical. The past few years have tested our resolve like never before. From the onset of the COVID-19 pandemic to the unsettling waves caused by the Ukraine war. the energy crisis, and the food crisis, each day brought new challenges to our doorstep. Yet like skilled sailors navigating stormy seas, we adapted and persevered. The demand forour services has Surged as familiesfaced these turbulent times, and we have been doir)g our utmost to meet the growing need. In addition to our regular services. including thousands of food parcels. energyvouchers and shoes distributions. we found ourselves in the position of providing loans to those in extreme need. ensuring that nobody goes to bed hungry. None of this would have been possible without the remarkable dedication of our volunteers and the generosity of our funders. They have been our anchor in the storm, allowing us not only to maintain but also to expand our seNices. reaching out to more families, children, sick people, disabled and elderly individuals who rely on us for support. Lookingahead, we remain steadfast in our commitment to battlingthe storm and providing a lifeline to those in need. We envision a future where the seas are calmer. and the sun shines brighter. where no one goes to bed hungry. To achieve this. we are actively exploring partnerships with other charities to combine our efforts and amplify our impact. We are also seeking new funding sources, experimenting with matching campaigns and reaching out further afield. In these times of adversity, it is the strength of our community and the spirit of unity that will guide us through. Together, we will continue to navigate the sea of crisis. supporting one another. and emerging stronger on the other side. Thank you to our funders and volunteers for your unwavering supporL and may the future hold brighter days for us all. With gratitude and hope. MrAba Weinb Trustee er 41 TRUSTEES'ANNUAL REPORT Year Ended 31 December 202215
OUR VALUE.S WHO WE HELP WHO WE WORK WITH WHAT WEDO Food Lifeline OUR PRE.SENT CHALLENGES OUR TEAM'.S RE.SPON.SE ocial Welfare ganisations We provide thousands of food parcels. food vouchers, supermarket tOP-UPS and volunteer support. Preventing crisis at earty stages Monlturlng government support opportunltles COST OF LIVING CRI.%IS ELDERLY Emergency Crisis Fund Keeping the famity together Dlverslfylny our fundrillslng strategy Communal Leaders & We distribute grants to families with outstanding expenses, subject to them acce55ing further financial guidance. - Demand is increasing at a rate of 20% per year Food parcel prices are skyrocketing - Enewcostsare spiralling out of control Giving young people a kick-start in life Ilroiirfenln(J our networks WID(M/FILS Building il Home Fund We solicit fund5 from the communty to 5UPPOrt newfved couples with rent furnishing and household goods. Specialis Agencie Ensuring that no child goes hungry Reviewing our p(Jllrles Clothing & Shoes Drive fa) ORPHANS We distribute wntercoats. baby clothe5 and qualtyshoe5 for(hildren. Being a point to turn to in crisis PPLY fJiAhN Seruring in-klnd oniltions osher Food Providers He•ilthciire Assistance We partner wth local healthcare agencie5 to refer our beneficiaries and contribute towards their medical expenses. Spreading awareness of available support OUR COMMITMENT TO OUR BENEFICIARIE.S CHILDREN Fuel costs of transPOrtation5 are soaring Delays in supply chains across all areas High expenses of kosher food imports ocal uthoriti Youth Pruvisiun Reducing Social isolation We partner wth local youth clubs to subsidise holiday programmes foryoung people in need. Supportlnqj theiN throuJ( h()ut DI.SABLED olunteers Improving the elderlys quality of life Housing Repdirs & Utilities In special cases ener8yvouiher5 and contribution5 toward5 eTnergency repair5 and utilty bills are supported. NEW Relieving their struggles and stress Promoting community cohesion haritabl Trusts & undations SINGI.E PARENTS Referriil Service We refer peopleto wal welfare agencies counselling senricesyouth clubs elde care programmes &eMploentagerrie Enabling access to culturalty appropriate support Adapting to change due to Covid repercussions New emotional challenges arising Increased unemployment Longtemi effects of Covid ploym Agencies Counselling Service Helplnqj them Ilve hpttpr livps We recornmend qualtfied therapists and counsellorswho offer subsidised support to those in dIstrS. Leading breadvdinners to self-sufficiency FAMILIES 61 T ES'ANNUAL REPORT . Year Ended 31 December 202217
(MJR .%AIL( IIT WHEEI. .%TRENGTH ()F THE TEAM LS EACH hNDIVIDUAL MEMRF.R. STRENGTH ()F EACH MEMIIER LS THE TEAM. The late MR 7VI FRIEDMAN ii ' - Known for his passion and care. he was always on the lookout to assist those less privileged, beyond his call of duty. RAIIRI AIIA WEINRERGER _ As a community activist and Phil Jackson family therapist, he is familiar with the needs of the community and shapes ZSV accordingly. MR ,InEI. FRIEDMAN _ As the son of the late Mr Zvi Friedman. he maintains his fatherfs legacy in supporting the welfare of the community. MR NufHEM WEINIIERGER . w ith strong interpersonal skills. he builds professional relationships with organisations and beneficiaries. MR AI.TA MnRDEfHAI fnGEL. H is business acumen contributes to the smooth financial management of the charity. MII MENDY STERN _ As an active community member. he help5 us expand our reach across the London Community and beyond. MR r i. ,In.%EF IT7 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 .IA "y - As a key figure on our board for over 20 years, her unconditional love forthose in need is emulated by our volunteers and administration. 81TR Year Ended 31 December 202219
FAR RFACHhNG .suirythT TYNE & WEAR Gateshead (80 FAMIUES) GREATF.R MAN(K.%TF.R Salford Prestwich (190 FAMILIES) E&SEX Southend-on-sea Canvey Island (150 FAMIUES) PARTNEIi%HIP(i . i-""
SOCIAL WUFARE (WNLSAMONS 7 in London 13 in Gateshead 12 in Manchester12 in Essex NAVIGIIT IE .¢iFA.¢> LONDON .4 in blondon 11 in Essex Hackney Haringey Barnet Redbridge Enfield Edgware 15 in Londoh 12 in Gateshead 15 in Manchester14 in Essex 101 TRUSTEES, ANNUAL REPORT Year Ended 31 December
%AILhNG WITH RE.¢>OLVE yThmi PRO¥STh: Children and teenagers need a healthy outlet from schoolwork. within a culturally appropriate environmenL However many families from disadvantaged backgrounds cannot afft)rd these costs. ZSV subsidises attivities that will make a difference to children'sacademicperformance. channelling their funds into after-school<lubs and youth programmes. in line with recommendations from schools and social workers. (MJR AfTIVITIES F(I(ID LIFELWL. RUILDK A IIIK FUPfft. Families strugglingwith 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 projert of ZSV Trust, providing Kosher food parcels to thousands of low-income families, through the following programmes: REIAIRS & UTILITIE&. Some newlyweds from low-income backgrounds struggle with the overwhelmingfinancial 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. When families are faced with emergency housing repairs, the financial repercussions can be enormous and the familys health may be at risk. ZSV steps in by assessing each individual situation and contributing accordingly- towards repairs, utility bills or emergency renovations. Passover Distribution High Holy Days Distribution - Weekly Shabbat parcels COVID and Crisis Campaign Family Food Vouchers CLOTHING & SHOES DRIVE: REITRRAL SERVI. Large families with young children may struggle with the choice between a new pair of shoes or food on the table. From winter coat5 and baby clothes to school shoes and trainer5. ZSV takes a proactive approach to campaign and contribute towards the distribution of clothing parcels. Sometime5 beneficiaries require additional 5UPPOrt beyond food. clothing and grants. Through our volunteers. we refer many callers perweekto 5Ultable organi5ationsthat will address their needs. These include social welfare organisations. coun5elling services. youth clubs. children's centres. elderly care programmes and employment agencie& Weas5i5ttheelderly. 5ick.widowed. orphaned and unemployed through food parcels. vouchers. errand undertaking and volunteer support. Since 2020. the demand on our services has nearly doubled due to COVID. the Cost of Living Crisis and the Ukraine war. -WE CAN ALL DO .SMALL TllhNGS. I IITH GREAT I.OVE. AN[ TGET} WE CAN DO SOMEfiikNG WOYd)ERFUI.." HEALTHCARE ASSISTANCE: Efvf.Rr4NrY CRLSIS Fumk 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. 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, subjert to them accessing further guidance in financial matters. Our aim is to help them get back on their feet without being pulled further into debL 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 recommend5 qualified therapists and counsellors who offer subsidised sessions. advice and guidance to those in distress who cannot afford it. 121 TRUSTEES, ANNLIAL REPORT Year Ended 31 December 20221
"l am a mother of six. Life is hard. and it comes with the acute shame of being unable to provide for my growing family despite the many hours I work. ZSV lives up to their name. keeping us afloat week after week. with sensitivity and care. Whilst we are doingour utmost to steadyour income. we could not have possibly created the Passover atmosphere without Food Lifeline's support. Your food parcels came just in time, allowing us to prepare and celebrate the festival calmly and happily. l await the daywe will no longer need yourservices, but until then, thank you for being a beacon of hope in this difficult time. Please convey our deep appreciation to your funders and supporters." CA.SE STUDY .1: "I work full time but l am facin considerable amount of debt. With the soaring cost of living. it has gotten to the point where it is really overwhelming with 5 children to provide for. including one who is physically disabled. I think people underestimate that you could be working and earning as much as you can but if you are on hourly pay and on minimum wage. you can still struggle with daily food expenses... We are 50 grateful to Food Lifeline for your help. One of your volunteer5 delivered food parce15 for Shabbat for 4 weeks until we settled some of our major financial issue5. You went beyond your call of duty. packing quality food5 that we could never otherwise afford. giving us Something to look forward to every week!" Mrs F. LUIMWAThNG CASE STUDY 2: -MrB. "l am a 76 year old widow. whose husband passed away due to COVID. Aside for the 1055 1 have suffered. I have limited mobility and limited family members to help out. Now that prices are rising at the grocery store5 and the costof heatingthe house i5climbin& l am finding it extremely difficult to calculate and budget all on my own. l am glad I reached out to ZSV TrusL who sent me volunteers to undertake errands for me and guide me in finding the right care and health support. They also took care of a roof leakage. enabling me to sleep calmly and peacefully at night. Thanks for your help." .MrsD. A BOTTLE 141 TRUSTEES, ANNUAL REPORT Year Ended 31 Decembei 2022115
WAVE.% ()F (JRIITITU R. (NIDhN L&Q FOUNDATION Garfield Weston FOUNNTDN CITY LONDON Harin9EII LONDON Thè Forrèst•r FamityTrust IIIICF Essex Community Foundation MERCHANT TAYLOAY FOUNDATION CANARY WHAFiF tsROiFP PLC Ilandal TrIILDWI(X TR CHARITAKI.F.TRiET IsAvsP AUGUSTINE COURTAULD TRUST 161 TRUSTEEYANNUAL REPORT Year Ended 31 December 2022117
WEATIIERhN(i Tl .T(m ()F ?022 HMRC conf1rn15 Child Benefit payment rises for the tax year 202Z12023. The Energy Bill Support Scheme gives every household a £400 discount on energy bills. LS.V. refers 100 callers to external Ylfare organi&ition& Z.S.V. arranges a shoes distributio to benefit 923 school childr i? e government releases funds through the House- hold Support Fund Scheme. illion househol eligible for a on Cost of Living ent of £650. SEPTEfvKR UKfood prlces soar by a record 10.6% as Russia- Ukrainewar ushes up cos ' zs.v. distributes 1.(MXI food parcels to families during the High Holy Day5. Z.S.V. undertakes the'Heating or Eating Campaign.. distributing food and energy vouchers to 50- 150 households per week. LS.V. sponsor5 atsfor150 milies with disabled and allenged thildren. ion more people in the UK are now claiming Universal Credit than at the start of the pandemlc. Z.S.V. supports people with healthcare. energy bills and emergenry houslng repalrs. UKwagesfall at the fastest rate for 20years. . V. undertakes a beneficiary assessment and updates their beneficiary datsbase. APRIL (Th0R OU5e old energy bills increase by 54 . ZS.V. dlstrilmrtes 12&food parcels to families during Passover. Energy have doubled since October 2021. ILY re continuing to rise at theirfa5te5t NOVEMHER LS.V. advises people and directs them to relevant supporL years. drfven by higher gas. electric Wrol and One in ten UK older people are reducing or stopping their social care due to cost of livin L&V. experiences an exp105ion of demand. with 5 new calls per z.s.v. undertakes errand5 ft>r the elderly and provides emergency support. DECEMBER increase by 17.6% higher than they did in the previous year. • Z.S.V. dlstrlbutes 800 emergency food parcels. gn>cery top- Ups and vouchers. to families with xhoolchildren. 181 TRUSTEES, ANNUAL REPORT Year Ended 31 Decembei 2022119
CIIARThNG r()IJR.%E MffAD Ensure that no family goes hungry. Reduce the effect of crisis on children. UR PRIORITIES: Support the elderly with independent living. Maintain families, dignity and respect. Guide recipient5 to self-sufficiency. Monitor the effects of the Ukraine war and the cost of living crisis. We will expand partnerships with Jewish Communities further afield. We will partner with large foodbanks (Trussel Trust, Felix and Fareshare) to learn from their systems and processes. We will support families more holistically, weaning more people to independence. We will diversify our fundraising strategy, introducing matching campaigns. We will seek to attract corporate support. We will build a customised monitoring and evaluation system. Th.. .,k you from the familii's of UR ""7thIITfvf.NT.%. MAY YOU BE BLESSEDWITH THE RICH AND BOUNTIFUL GIFTa- Feedback from beneficiaries via phone, online or email. OU DON'T Weekly reports from our Volunteer Coordinator. Optional feedback questionnaires included in food parcels. Annual assessment survey to gather beneficiaries, needs. OUR IT(MG Regular updates from partnering welfare organisations, Rabbis and community leaders. Monthly board meetings to review feedback. evaluate the need and shape programmes -a£cordingly. ert Ein 201 TRUSTEES, ANNLIAL REPORT Year Ended 31 December 2022121
FINANfiAI. REVIEW RESERVES The charity has a policy of ensuring that at all times it has sufficient funds to support its activities for at least 3 months at full operational cost. This policy will be reviewed on an annual basis as operational costs change. Reserves at the Balance Sheet date were slightly above this level. The charity ha5 minimal overhead and low fixed c05t5 that it need5 to cover and therefore the amount of £360,000 free reserves is deemed sufficient to cover any close down costs in the eventuality that the organisation would need to close. TRUSTEES. RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the tru5tee5' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 Iunited 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 resource5, of the charity for that period. .STRUCTURE. Gf)VERNANCE AND MAt4AGEMENT 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. In preparing these financial statements. the trustees are required to: select suitable accounting policies and then apply them consistently- INVE.%TMENTS 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 rurnover of fLJnds it would not be prudent to invest in any other type of account as the charity requires immediate access to its funds. observe the method5 and principle5 in the applicable Charitie5 SORP- make judgments and accounting estimates that are reasonable and prudent.. GOVERNANCE AND INTERNAL CONTROL state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. 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. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. 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 sat15fied that Sy5tem5 are in place to mitigate those risks. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitys transactions and disclose with reasonable accuracy at any time the finaniial p051tion 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. PUIILIC RENEFIT 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 Charitys aims and objectives and in planning future activities. FINANCIAL REVIEW The charity was able to continue its activities to the satisfaction of the trustees and is discussed in more detail elsewhere in this report. The trustees, annual report was approved on 1911012023 and signed on behalf of the board of trustees by= PLANS FfiR FUTURE PERIODS The charity plans to continue its distributions to families in need as well as to the other local needy cases. Mr M Fogel Trustee 221 TRUSTEES, ANNLIAL REPORT Year Ended 31 Decernber 2022123
THE Z.S.V. TRUST INDEPENDENT AUDITOR'.S REPORT TO THE MEMBERS OF THE Z.S.V. TRUST YEAR ENDED 31 DECEMBER 20?2 MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTlnN In the light of the knowledge and understanding of the charity and its environrnent obtained in the course of the audiL we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion.. the information given in the trustees, report is inconsistent in any material respert 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 information and explanation5 we require for our audit. nPlNION We have audited the financial statements of The Z.S.V. Trust {the 'chariW> for the year ended 31 December 2022 which comprise the statement of financial activities. statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that ha5 been applied in their preparation 15 applicable law and United Kingdotn Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the state of the charitys affairs as at 31 December 2022 and of it 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 Art 2011. RESPONSIBILITIES OF TRUSTEES As explained more fully in the trustees. responsibilities Statement, the trustees are responsible for the preparation of the financial 5tatement5 and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial staternent5. the trustees are re5pon5ible for a55e55ing the charity5 ability to continue as a going concern. disclosing, as applicable, matters related to going concern and using the going concern basis of accounting Ljnless the trustees either intend to liquidate the charity or to cease operations. or have no realistic alternative but to do so. RA.%IS FOR OPINION We conducted our audit in accordance with International Standard5 on Auditing IUKI (ISA5 IUKII and applicable law. Our responsibilities under those standards are further described in the auditorfs respon- sibilities for the audit of the financial statements sertion of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufFicient and appropriate to provide a basis for our opinion. AUDITOR'S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS Our objertives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. wherher due to fraLJd or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with1SAs IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the econotmic decisions of users taken on the basis of these financial statements. CnNCLU.%lnN.% RELATING TO GIIING CONCERN In auditing the financial statements, we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial 5tatement5 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively. may cast significant doubt on the companys ability to continue a5 a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Irregularities, including fraud. are instance5 of non-compliance with law5 and regulations. We design procedure5 in line with our responsibilitie5. Outlined above, to detect material misstatement5 in respect of irregularities. including fraud. The extent to which our procedures are capable of detetting irregularities. including fraud is detailed below.. - We obtained an understanding of the legal and regulatory frameworks that are applicable to the charity through discussion with the trustees and identified financial reporting legislation and charity legislation as being most significant to these financial statements. Our re5ponsibilitie5 and the responsibilities of the trustees with respert to going concern are described in the relevant 5ection5 Of this report. OTHER INFORMATION We communicated these identif1ed frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recogni5e non-cotnpliance with the law5 and regulations. The other information comprises the information included in the annual report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other information. Our opinion on the financial 5tatement5 does not cover the other information and, except to the extent other- wise explicitly stated in our reporl we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and. in doing so, Consider whether the other information is materially inconslstent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that f3cL We have nothing to report in this regard. . We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks. We assessed the 5U5ceptibility of the charitys financial Statements to material misstatement due to non-compliance with legal and regulatory frameworks. including how fraud might occur, by enquiry with the trustees during the planning and finalisation phases stages of our audit. The susceptibility to such material misstatement was determined to be low. Based on this understandins we designed our audit procedures to identify non-compliance with the identified legal and regulatory framework5. which were part of our procedure5 on the related financial statement items. 241 TRuSTEANNL1AL REPORT Year nded 31 December 2022 | 25
Owing to the inherent limitation5 of an audit, there is an unavoidable risk that we may not have deterted some material misstatements in the financial statements. even though we have properly planned and performed our audit in accordance with aLJditing standards. For example. the further removed non- compliance with laws and regulations lirregularitiesl is from the events and transactions reflected in the financial statements, the less likelythe inherentlylimited procedures required byauditing standardswould identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, a5 these may involve collusion, forgery, intentional omi55ion5. mi5representation5. or the override of internal controls. We are not responsible for preventing non- compliance and cannot be experted to detect non-compliance with all laws and regulations. As part of an audit in accordance with ISA5 IUKI. we exercise profe55ional Judgment and maintain professional scepticism throughout the audit. We also.. Identify and assess the risks of material mi5Statement of the financial statements, whether due to fraud or error, design and perform audit procedure5 responsive to th05e risk5. and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not deterting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions. misrepresentations. or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control. THE Z.S.V. TRUST .¢iTATEMENT OF FINANCIAL ACTIVITIE.% YEAR ENDED 31 DECEMBER 2022 2022 Unrestricted Restricted funds funds 2021 Total funds Total funds Income and endowments Donations and legacies Investment income Total income 919,264 152 520,237 1.439.501 152 1,318,296 919.416 520.237 1.439.653 1,318.301 Expenditure Expenditure on raising funds.. Costs of raising donations & legacies 6 Expenditure on charitable activities 7. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conclude on the appropriatene55 of the trustees, use of the going concern ba515 of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitys ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our auditoffs report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future event5 or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. 43,204 837,896 2,165 495,635 45.369 79,640 1.333.531 1,069,487 Total expenditure 881,100 497,800 1.378.900 1,149,127 Net income and net movement in funds 38.316 22.437 60.753 169.174 Reconciliation of funds Total funds brought forward 321,897 321.897 152,723 Total funds carried fonNard 360.213 22,437 382.650 321.897 USE OF IIUR REPORT This report is made solely to the charitys members, as a body, in accordance with section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken 50 that we might State to the charitys member5 those matter5 we are required to State to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charity and the charitys members as a body. for our audit work, for this report. or for the opinions we have formed. The statement of financial activitie5 includes all gain5 and losses recognised in the year. All income and expenditure derive from conti nuing activities. Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NW11 OPU 1911012023 The notes on pages 30 to 35 form part of these financial statements. 261 TRUSTEES, ANNUAL REPORT Year Ended 31 Decem r2022127
THE Z..S.V. TRUST THE Z.S.V. TRUST STATEMENT OF FINANCIAL PO.SITION .%TATEMENT OF CA.%H FLOWS 41 DECEMBER 202? YEAR ENDED 31 DECEMBER 2022 Note 2022 2021 2022 2021 Current assets Debtors Cash at bank and in hand Cash flows from operating activities Net income 13 37.610 349.583 387.193 20.870 310,688 331.558 60.753 169,174 Adjustmentsfor Other interest receivable and similar income Interest payable and similar charges Accrued lincome)lexpenses (152) 2.365 (5.118) 151 2,462 3,061 Creditors: amounts falling due within one year 14 (4.543) {9,6611 Net current assets 382.650 321,897 Changes in." Trade and other debtors Total assets less current liabilities 382.650 321,897 {16.740) {20,8701 Cash generated from operations 41.108 153,822 Net assets 382.650 321,897 Interest paid Interest received (2.365) 152 {2,4621 Funds of the charity Restricted funds Unrestricted funds 22.437 360.213 11,955 309,942 Net cash from operating activities 38.895 151,365 Total charityfunds 15 382.650 321,897 Net increase in cash and cash equivalents Cash and cash equivalents at beginning of year 38.895 310.688 151,365 159,323 These financial statements were approved by the board of trustees and authorised for issue on 1911012023 and are signed on behalf of the board by- Cash and cash equivalents at end of year 349.583 310,688 Mr M Fogel Trustee The notes on pages 30 to 35 form part of these financial statements. The notes on pages 30 to 35 form part of these financial statements. 281 TRUSTEES, ANNUAL REPORT December 2022129
THE Z.S.V. TRUST THE Z.S.V. TRUST I NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 20221 CONTINUED NOTE.S TO THE FINANCIAL .STATEMENTS YEAR ENDED 31 DECEMBER 2022 3. ACCOUNTING POLICIES (CONTINUEII) Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instrument5 are initially recognised at the amount receivable or payable including any related transaition costs, unless the arrangetnent constitutes a financing transaition, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. I. GENERAL INFORMATION Thecharity is a public benefitentityand a registered charity in England and Walesand isunincorporated. The address of the principal office is 52 Darenth Road, London, N16 6EJ. 2. STATEMENT OF COMPLIANCE These financial statements have been prepared in compliance with FRS 102. The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act2011. Currentassets and current liabilitie5 are Subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 4. DONATIONS AIID LEGACIES Unrestricted Funds Restricted Funds Total Funds 2022 3. ACCOUNTING PnLICIES Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling. which is the funttional currency of the entity. Going concern There are no material uncertainties about the charitys ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires managernent to make judgements, estimates and assumptiong that affett the amount5 reported. These estimate5 and judgeTnent5 are continually reviewed and are based on experience and other factors. including expertations of future events that are believed to be reasonable under the circumstances. Donations Donations 919,264 520,237 1.439.501 Unrestricted Funds Restricted Funds Total Funds 2021 Donations Donations 962,722 355,574 1,318,296 5. INVESTMENT INCOME There have been no material adjLJSttHents based on estimations and assutnptions during the financial year. Unrestricted Funds Total Funds 2022 Unrestricted Funds Total Funds 2021 Fund accounting General unrestricted funds comprise the accumulated surplus or deficit on income and expenditure account. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity. Restricted funds are funds subject to specific restricted conditions imposed by donors. Designated funds are fLJnds which have been set at the discretion of the Trustees for specific purposes. There are no designated funds as at the Balance Sheet date. Incomlng resources All donations are recogni5ed in the statement of financial activities ISOFAI of the charity when received. All other income is recognised on a receivable bas15. Resources expended All expenditure isclassified underthe Charitys principal categories of charitableand otherexpenditure and by the type of expense. Bank interest receivable 152 152 6. COSTS OF RAISING DONATIONS AND LEGACIES Unrestricted Fund5 Restricted Funds Total Funds 2022 Cost of generating voluntary income 43.204 2.165 45.369 Unrestricted Funds Restricted Funds Total Funds 2021 Cost of generating voluntary income 79.640 79,640 TRU S, ANNUAL REPORT Year Ended 31 December
THE Z.S.V. TRU.%T I NOTES TO THE FINANCIAL STATEMENTS YEAR ENIIJED ?1 DEfEMIIER ?Q?.?. I fnNTINIUEIJ THE Z.S.V. TRUST I NOTES TO THE FINANCIAL STATEMENTS YEA TI ENIIIED 31 DEf,EMTIER 7n?? ' fnNTINIIED 7. EXPENDITURE ON CHARITARLE ACTIVITIE.% BY FUND TYPE COSTS 8. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE Unrestricted Funds Restricted Funds Total Funds 2022 Activities undertaken directly Support costs Total funds 2022 Total funds 2021 Relief of poverty Emotional wellbeing Youth activity Food parcels House repairs and utilities Endowments to poor brides Assistance with healthcare Clothing and shoes Covid support Support costs 72,741 26,396 638 515,546 71,849 14,128 41,230 34,403 5,770 55,195 837,896 12,000 17,000 84.741 43.396 638 Relief of povety Emotional wellbeing Youth activity Families undergoing stres5 Food parcels House repairs and utilities Endowments to poor brides Assistance with healthcare Clothing and shoes Covid support Governance costs 84,741 43,396 638 61,127 145.868 43.396 638 116,904 12,970 10,000 11,150 759,432 36,842 22,445 40,431 37,539 14,576 7,198 1,069,487 410,769 926.315 71.849 14.128 43.101 73.103 S.770 70.490 1.333.531 926,315 71,849 14,128 43,101 73,103 5,770 926.315 71.849 14.128 43.101 73.103 5.770 9.363 1.333.531 1,871 38.700 15,295 495,635 9,363 70,490 Unrestricted Funds Restricted Funds Total Funds 2021 1,263,041 Due to the sensitive nature of the problems faced by the charitys beneficiaries. the trustees maintaina policyof strittconfidentialityin respertofthesupportprovidedtoallthe beneficiaries. Relief of poverty Emotional wellbeing Youth activity Families undergoing stress Food parcels House repairs and utilities Endowments to poor brides Assistance with healthcare Clothing and shoes Covid support Support 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 1.069,487 9. ANALYSIS OF SUPPORT COSTS Relief of povety Total 2022 Total 2021 11,150 451.740 36,842 22.445 40,431 37.539 14,576 31.881 725,868 307,692 Finance costs Governance costs Administration costs 2,365 9,363 58,762 70,490 2.365 9.363 58.762 70.490 2,462 7,198 46,298 55,958 24.077 343,619 10. AUDITORS REMUIIERATION 2022 2021 Fees payable for the audit of the financial statements 9.363 7,198 11. STAFF COSTS No salaries or wages have been paid to employees. including the members of the committee, during the period. The Charityis mindful to becost-efficientand effettive bymaximisingthe usage ofvolunteers. However, in order to keep abreast with the increasing demand. the Charity currently utilises the seNices of three individuals to manage its operations, the costs of whom are included in Administration Costs. TRUST ORT Year Ended 31 December 2022133
THE Z.%.V. TRU.ST I NOTES TO THE FINANCIAL STATEMENTS YEAR ENDEIJ 31 DEf.EMRER ?n?? , foNTINUED THE Z.S.V. TRUST I NOTES TO THE FINANCIAL STATEMENTS YEA Tt ENIIIED 31 DEf,EMTIER 717?? ' rnNTINIIED 12. TRUSTEE REMUNERATIDN AND EXPENSES 16. ANALYSIS OF NET ASSETS BETVIEEN FUNDS No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. Unrestricted Funds Restricted Funds Total Funds 2022 13. DEBTORS Current assets Creditors less than 1 year Net assets 364,756 (4,543} 360,213 22,437 387.193 (4.543) 382.650 2022 2021 22,437 Other debtors 37.610 20,870 Unrestricted Funds Restricted Funds Total Funds 2021 14. CREDITIJRS: AMOUNTS FALLING DUE WITHIN IJNE YEAR Current assets Creditors less than 1 year Net assets 2022 2021 319,603 19,661 } 309,942 11,955 331,558 19,6611 321,897 Accruals and deferred income 9.661 11,955 17. AIIALYSIS OF CHANGES IN IIET DEBT 15. ANALYSIS OF CHARITARLE FUNDS At1Jan 2022 Cash flows At 31 Dec 2022 UNRE.%TRICTED FUNDS At1 January 2022 Income Expenditure At31 December 2022 Cash at bank and in hand 310,688 38,895 349.583 General funds 321,897 919,416 1881,1001 360.213 At1 January 2021 Income Expenditure At31 December 2021 General funds 152,723 962,727 1805,5081 309,942 RESTRICTED FUNDS At1 January 2022 Income Expenditure At31 December 2022 Restricted Funds 520,237 {497,800) 22.437 At1 January 2021 Income Expenditure At31 December 2021 Restricted Funds 355,574 (343,6191 11,955 341 TR ES'A Year Ended 31 Decembe¥ 2022135
BOARD OF TRUSTEES Mr A Weinberger Mr M Fogel Mr M Stern Mr Y Friedman Mr N Weinberger I.ITTLE THhNG.% WE DO HEI.P LITTLE THINGS WE I.OVE AUDITOR Chartered Accountants & Statutory Auditor New Burlington House 1075 Finchley Road NW11 OPU CHARITY OFFICE 52 Darenth Road London N166EJ Natwest Bank Stoke Newington (B) Branch 198 Stoke Newington High Street London N16 7GA ID ?)iy zsvnJv IIV Dl?I THE Z.S.V. T REGISTERED CHKkiTY 1063860 IIVWW.FOODUFELINE.ORG.UK"10208 2111022