OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-12-31-accounts

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

ANNUAL REPORT & FINANCIAL STATEMENTS 2023 Year ended 31 December 2023 The Z.S.V. Trust Registered Charity 1063860

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Dear Friends and Supporters,

As we reflect on this past year, the inner workings of Food Lifeline can be likened to the intricate and interdependent gears of a well-oiled machine. Each cog in our mechanism, from our dedicated staff , volunteers, to our generous donors and community partners, plays a vital role in driving our mission forward.

This has been one of our busiest years yet, with a nearly 20% increase in costs. While inflation is finally beginning to ease, the cost of living remains high, leaving every family affected in some way.

In fact, 2023’s Survey of Londoners has found that 75% of the adults living in London believe that the most important issue in the capital is the cost-of-living crisis.

A troubling new development is the increasing number of families with both parents working who still find themselves needing assistance, especially those with young children. Our Trustees receive daily calls from new individuals seeking help with food, debt, utilities and mental health.

Despite these challenges, we are proud to report that we supported over 1,400 families during Passover and the High Holy Days, our largest distributions ever. This reflects an astonishing number of 10,000 people in need.

Furthermore over 1,000 children received new shoes this year, thanks to our expanded efforts. To further enhance our support, we have appointed a Beneficiary Liaison Officer dedicated to helping families find longterm solutions through customised referrals and guidance.

We have managed to successfully wean off 25 families from our support, allowing them to regain their independence. They are being supported by our team in this transition.

At the same time, we continue to face an influx of new families on our waiting list. We are diligently working to share this burden with other wonderful local organizations, ensuring that no one is left without help.

We are also proactively broadening our fundraising strategies, exploring new avenues such as online campaigns and reaching out to potential new funders.

Our accomplishments would not be possible without the unwavering support of my fellow Trustees, our dedicated volunteers and generous funders. Your contributions, both in time and resources, have been instrumental in allowing us to continue running like clockwork. We have been inspired by the growing willingness of individuals to donate, volunteer, and support their neighbours in need.

Each challenge has only strengthened our resolve and our community’s commitment to supporting one another. Together, we form an essential network of gears, each turning to drive positive change and uplift those in need.

In order to protect the dignity and confidentiality of our beneficiaries, we have not included actual photographs of our recipients in this report. We believe that this will be understood and respected.

Looking ahead, our goal is to support families holistically, ensuring no one goes to bed hungry and everyone has a robust network of support. We plan to explore partnerships with larger food banks to glean insights and refine our strategies. We will continue to diversify our funding sources and refine our monitoring systems, ensuring every cog in our operation turns efficiently to achieve our vision of a community where no one faces food insecurity alone.

Thank you again for being an integral part of this mechanism. With your ongoing support, we will continue to ensure that people’s lives tick smoothly despite their challenges.

With heartfelt gratitude,

Rabbi A Weinberger ZSV Trustee

2 | Trustees’ Annual Report

Year Ended 31 December 2023 | 3

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Table of Contents

A Clock That Goes Beyond Time

----- Start of picture text -----
6 | Our Inner
Workings
6 Beyond Time
Our Far Reaching
Support | 9 9
10 | Our Acitivities
34,560
10 combined hours
of volunteering
4, i
12 | Timeless
12 Testimonials 986 6,350
Z
emergency \ ['iy, food parcels
crisis funds distributed
Y
distributed
Our Year in
14
Motion | 14
Thank You to
Our Funders | 16 16
—<— ia sl = 1,580
20 | Trustees’ 2,580 ~ SeeoY oa a
Review people clothing
20
grants
referred
22 | Indepdent distributed
Auditor’s Report
22 26 | Statement of
Financial Activities
of ‘ 3. as : aa a he pee —
70 54
26
volunteers houses
S ~ ~~ repaired
Statement of 27 7, \> &
Financial Position | 27
2,210 530
children’s shoes | [ , \ patients supported ©
aay /y \
my
Statement of 28 distributed with healthcare
Cash Flows | 28
Notes to the Financial
Statements | 29 29
----- End of picture text -----

4 | Trustees’ Annual Report

Year Ended 31 December 2023 | 5

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

----- Start of picture text -----
Our Inner Workings
Our Who We Who We What Our Our Team’s
Values Help work with we do Aims Response
Broadening
Food Lifeline our
Preventing crisis at networks
We provide thousands of food parcels,
Social food vouchers, supermarket top-ups and early stages
' Welfare volunteer support.
Organisations a
Monitoring
Elderly Government
Keeping the
Emergency Crisis Fund family together support
@ We distribute grants to families with Diversifying
outstanding expenses, subject to them opportunities
Communal accessing further financial guidance. our fundraising
Leaders & strategy
Rabbis Giving young people
a kick-start in life
Widow/ers Building a Home Fund
We solicit funds from the community to
support newlywed couples with rent, Reviewing
Specialist furnishing and household goods. Ensuring that no our
: Agencies child goes hungry policies
Securing
in-kind
Clothing & Shoes Drive donations
Orphans We distribute winter coats, baby clothes and quality shoes for children. Being a point to
turn to in crisis
Kosher
Food
0
Providers
Healthcare Assistance
@ ‘al
We partner with local healthcare agencies Spreading awareness
to refer our beneficiaries and contribute of available support
towards their medical expenses. Our Commitment
Children
Local
Authorities to our
Youth Provision Reducing social
isolation
We partner with local youth clubs to Beneficiaries
subsidise holiday programmes for young
people in need.
Relieving
Disabled Volunteers Housing Repairs & Utilities elderly’s quality of lifeImproving the their struggles & stress
In special cases, energy vouchers & contributions Supporting
towards emergency repairs & utility bills are them
supported. throughout
Promoting
community cohesion
Charitable
Single Trusts & Referral Service
Parents Foundations We refer people to social welfare agencies,
counselling services, youth clubs, elderly care Enabling access to Helping
programmes & employment agencies.
culturally appropriate them live
support
better lives
Employment Counselling Service
Agencies We recommend qualified therapists and Leading breadwinners
Families counsellors who offer subsidised support to self-sufficiency
to those in distress.
@ ‘i
6 | Trustees’ Annual Report
Family
Integrity
Dignity
Confidentiality
Care
Individuality
----- End of picture text -----

Year Ended 31 December 2023 | 7

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Our Master Mechanics

The late Zvi Friedman 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

As a community activist and family therapist, he is familiar with the needs of the community and shapes ZSV accordingly.

Yoel Friedman

As the son of the late Mr Zvi Friedman, he maintains his father’s legacy in supporting the welfare of the community.

Nuchem Weinberger With strong interpersonal skills, he builds professional relationships with organisations and beneficiaries.

Alta Mordechai Fogel His business acumen contributes to the smooth financial management of the charity.

Mendy Stern As an active community member, he helps us expand our reach across the London community and beyond. 4

Chaim Josefovitz 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 A key figure on our board for over 20 years, her unconditional love for those in need is emulated by our volunteers and administration.

Our Far Reaching Support

Partnerships

Social Welfare Organisations

7 in London | 3 in Gateshead 2 in Manchester | 2 in Essex

Youth Clubs

----- Start of picture text -----
4 in London | 1 in Essex
----- End of picture text -----

Kosher Supermarkets

15 in London | 2 in Gateshead 5 in Manchester | 4 in Essex

Care Homes

----- Start of picture text -----
LONDON
• Hackney
• Haringey
• Barnet
• Redbridge
• Enfield
• Edgware
(1400 FAMILIES)
ESSEX
• Southend-on-sea
• Castle Point
(150 FAMILIES)
GREATER
MANCHESTER
• Salford
• Prestwich
(190 FAMILIES)
TYNE &
WEAR
• Gateshead
(80 FAMILIES)
----- End of picture text -----

2 in London | 1 in Manchester

8 | Trustees’ Annual Report

Year Ended 31 December 2023 | 9

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Our Activities Our mechanisms exposed

Healthcare Assistance: Youth Where NHS has failed, people Provision:

Where NHS has failed, people suffering from health issues will Provision: often face exorbitant medical bills. Children and teenagers need a ZSV assists sick patients and their healthy outlet from schoolwork, within families, by evaluating their needs a culturally appropriate environment. and partnering with local healthcare However, many families from disadvantaged agencies to determine the best backgrounds cannot afford these costs. ZSV 4a | % way to support them. This may subsidises activities that will make a difference ii include referrals or contributions to children’s academic performance, towards their expenses as channelling their funds to after-schoolthey undergo treatment. clubs and youth programmes, in line <: with recommendations from schools and social workers. Referral Service: \» ' : additional support beyond food, Sometimes beneficiaries require clothing and grants. Through our trained volunteers, we refer many callers per week to suitable organisations that will address their Housing needs. These include social welfare organisations, counselling services, Repairs & Emergency Utilities: youth clubs, children’s centres, elderly care programmes and Crisis Fund: When families are faced with employment agencies. emergency housing repairs, the financial Families with a single parent repercussions can be enormous, and or unemployed breadwinner the family’s health may be at risk. ZSV struggle to pay their bills when hit steps in by assessing each individual with an unexpected crisis. After careful situation and contributing assessment, we provide grants to families accordingly- towards repairs, with outstanding expenses, subject to Clothing utility bills or emergency them accessing further guidance renovations. a Home Fund:Building in financial matters. Our aim is to help them get back on Large & Shoes Drive: families with young Counselling Service: their feet without being children may struggle with the Poor mental health, stress and Some newlyweds from lowpulled further into debt. choice between a new pair of family tension is a growing problem income backgrounds struggle shoes or food on the table. From and financial support alone is often wa . I ig = & with the overwhelming financial winter coats and baby clothes not enough. Alongside the local welfare burden of setting up a home. to school shoes and trainers, agencies and social workers, ZSV ZSV secures their beginnings ZSV takes a proactive approach recommends qualified therapists and by soliciting funds from the to campaign and contribute counsellors who offer subsidised community to support these towards the distribution of sessions, advice and guidance young couples with rent, clothing parcels. to those in distress who furnishing and household cannot afford it. goods. 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 - Crisis Campaigns - Family Food Vouchers We assist the elderly, sick, widowed, orphaned and unemployed through food parcels, vouchers, errand undertaking and volunteer support. Since 2022, the demand on our services has doubled due to COVID’s long term effects, the cost of living crisis and the Ukraine war.

10 |

Year Ended 31 December 2023 | 11

Trustees’ Annual Report

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Timeless testimonialsT

Sarah, Elderly Recipient

ZSV has been a lifeline for me. As an elderly person living alone since my husband’s passing, making ends meet can be tough. My mobility is severely limited and every grocery trip is a challenge, yet I am keen to remain as independent as possible. ZSV understands this and goes above and beyond. Not only do they provide food vouchers, but they also send volunteers to Sarah, Elderly Recipient

undertake grocery shopping on my behalf. Their assistance doesn’t stop there; they’ve also ZSV has been a lifeline for me. As an elderly person living alone since my husband’s passing, helped me pay for my healthcare, ensuring I can access the medical support I need. ZSV’s making ends meet can be tough. My mobility is severely limited and every grocery trip is a compassion and practical support have truly made a difference in my life, allowing me to maintain challenge, yet I am keen to remain as independent as possible. ZSV understands this and goes my dignity and independence. above and beyond. Not only do they provide food vouchers, but they also send volunteers to undertake grocery shopping on my behalf. Their assistance doesn’t stop there; they’ve also helped me pay for my healthcare, ensuring I can access the medical support I need. ZSV’s compassion and practical support have truly made a difference in my life, allowing me to maintain my dignity and independence. Leah, Mother of 8

Being a mother of eight children means every penny counts. Times have become even harder

since the cost of living crisis hit and I find myself scrimping on chicken, fish and even eggs. It’s heartbreaking to see my kids miss out on nutritious meals because of financial constraints. With Passover approaching- the most expensive time of year- my heart was sinking. How could we afford the exorbitant costs of Matzah, wine and meat? But then Food Lifeline stepped in. They Leah, Mother of Eight

went out of their way to send packages of Kosher festive foods, ensuring we could celebrate Being a mother of eight children means every penny counts. Times have become even harder without worrying about the financial strain. May you and your volunteers be blessed! since the cost of living crisis hit and I find myself scrimping on chicken, fish and even eggs. It’s heartbreaking to see my kids miss out on nutritious meals because of financial constraints. With Passover approaching- the most expensive time of year- my heart was sinking. How could we afford the exorbitant costs of matzah, wine and meat? But then Food Lifeline stepped in. They went out of their way to send packages of kosher festive foods, ensuring we could celebrate David, Unemployed Father without worrying about the financial strain. May you and your volunteers be blessed! Losing my job was devastating, and providing for my family became a daily challenge. Rent

and utility bills were continuing to rise and I could not see a way out. I could no longer rely on borrowing endlessly from my kind-hearted neighbours and friends. The stress and pressure

was having its toll on my mental health and I feared its repercussions on the stability of the

household. ZSV’s support with energy vouchers and rent, along with their referral to Mesila UK for financial management, was a lifesaver. They held my hand until I secured steady income, David, Unemployed Father

providing not just financial help, but also emotional support during our toughest times. Losing my job was devastating, and providing for my family became a daily challenge. Rent ZSV doesn’t just give handouts; they give dignity and hope for a better tomorrow.”and utility bills were continuing to rise and I could not see a way out. I could no longer rely on borrowing endlessly from my kind-hearted neighbours and friends. The stress and pressure was having its toll on my mental health and I feared its repercussions on the stability of the household. ZSV’s support with energy vouchers and rent, along with their referral to Mesila UK for financial management, was a lifesaver. They held my hand until I secured steady income, providing not just financial help, but also emotional support during our toughest times. ZSV doesn’t just give handouts; they give dignity and hope for a better tomorrow.

12| TRUSTEES’ ANNUAL REPORT | Trustees’ Annual Report

Year Ended 31 December 2023 | 13

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Our Year in Motion

2023 Events Timeline Summary

“Making time count for those we serve.”

● Policies and procedures reviewed.

● Beneficiary database updated.

● Household Support Fund received from Hackney Council.

:«te a on : r am - f 1 @ : os FE ● Analysis ● Planning preof incoming sources: ● National Passover shoes ● Passover ● Food prices Lottery grant distribution. marketing are at their ● Review significant deficit received campaign. highest rate in of Passover compared to towards ● Meeting with 45 years (BBC). distributionlast year. ‘Survive and Hackney Council in acknowl- ● with Hackney’s Meeting ● Intensifying 20% increase ● Strengthening Thrive’. edgement of Deputy Mayor fundraising since last year. partnerships in ● High Holy ● 2022 their support. and Deputy ● Shoes efforts. ● Household North England Days food Accounts filed. ● Diversifying to support ● orders for Finalising Speaker, discussing distribution: 1000 children. Support Fund received from families further afield. ● Supporting distribution: 1400 families ● Support Fund Household fundraising sources and Passover current ● Passover food Hackney. needy families supported. received from seeking new distributions. challenges, distribution: ● Big Give ● Meeting with who are staying ● Reaching Hackney avenues. 10-20% cost of living, 1300 families campaign Childhood Trust at home due Communities Council. ● Improving increase in high demand etc. supported. successfully representatives. to exacerbated grant secured. monitoring costs. completed. ● 76% rise costs of travel. ● 49% of and reporting ● £10,000 ● Food price of children’s ● Preparing for families claiming processes. anonymous mental health researchHigh Holy Days Universal Credit grant received kosher food is suffering in UK distributions. have run out of toward shoe (NHS). 25-50% more food (BBC). distribution. expensive than non-kosher.

● Cost of Living funds secured.

14 | Trustees’ Annual Report

Year Ended 31 December 2023 | 15

~~eee~~ Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Thank You to Our Funders

You’re the engine driving our mission forward.

Through Covid, crisis & budget cuts, your compassion, care and commitment have kept our wheels turning. Thank you.

16 | Trustees’ Annual Report

Year Ended 31 December 2023 | 17

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Gearing up for Change

Our Priorities:

Our Commitments:

Our Monitoring Methods:

“You don’t need a new plan for next year. You need a commitment.”

Albert Einstein

18 | Trustees’ Annual Report

Year Ended 31 December 2023 | 19

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Trustees’ Review

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 i 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. a

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

Trustees’ responsibilities statement

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

The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.

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

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

18/9/2024 The trustees’ annual report was approved on .............................. and signed on behalf of the board of trustees by:

The charity was able to continue its activities to the satisfaction of the trustees and is discussed in more detail elsewhere in this report.

Plans for future periods

The charity plans to continue its distributions to families in need as well as to the other local needy cases.

AM Fo [he Eagl A M Fogel Trustee

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 has minimal overhead and low fixed costs that it needs to cover and therefore the amount of £330,000 free reserves is deemed sufficient to cover any close down costs in the eventuality that the organisation would need to close.

20 | Trustees’ Annual Report

Year Ended 31 December 2023 | 21

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

The Z.S.V. Trust ri Independent Auditor’s Report to the Members of the Z.S.V. Trust Year Ended 31 December 2023

Opinion

We have audited the financial statements of The Z.S.V. Trust (the ‘charity’) for the year ended 31 December 2023 which comprise the statement of financial activities, statement of financial position, statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally a 1 Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

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

Conclusions relating to going concern

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

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

Other information

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

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

We have nothing to report in this regard.

Matters on which we are required to report by exception

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

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

Responsibilities of trustees

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

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

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

22 | Trustees’ Annual Report

Year Ended 31 December 2023 | 23

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as - a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, a but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are ia considered material if, individually or in the aggregate, they could reasonably be expected to 7 influence the economic decisions of users taken on the basis of these financial statements.

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

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. Z

We communicated these identified 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 recognise non-compliance with the laws and regulations.

We discussed with the trustees the policies and procedures regarding compliance with these legal and regulatory frameworks.

We assessed the susceptibility of the charity’s 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 7 susceptibility to such material misstatement was determined to be low.[|]

Based on this understanding, we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently

limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. i We are not responsible for preventing non-compliance and cannot be expected to detect noncompliance with all laws and regulations.

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

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.

Use of our report

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

Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NW11 0PU

18/9/2024

24 | Trustees’ Annual Report

Year Ended 31 December 2023 | 25

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

The Z.S.V. Trust

Statement of Financial Activities Year Ended 31 December 2023

2023 2022
Unrestricted Restricted Total funds Total funds
funds funds
Note: £ £ £ £
Income and endowments
Donations and legacies 4 1,132,371 413,830 1,546,201 1,439,501
Investment income 5 921 - 921 152
Total income 1,133,292 413,830 1,547,122 1,439,653
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies 6 (27,584) (2,200) (29,784) (45,369)
Expenditure on charitable activities 7,8 (1,134,855) (411,228) (1,546,083) (1,333,531)
Total expenditure (1,162,439) (413,428) (1,575,867) (1,378,900)
Net (expenditure)/income and net
movement in funds (29,147) 402 (28,745) 60,753
Reconciliation of funds
Total funds brought forward 360,213 22,437 382,650 321,897
Total funds carried forward 331,066
~~ed~~		 22,839
~~et~~		 353,905
~~od~~		 382,650
~~et~~

The Z.S.V. Trust

Statement of Financial Position 31 December 2023

2023 2022
Note: £ £ £ £
Current assets
Debtors 13 62,431 37,610
Cash at bank and in hand 309,374 349,583
371,805 387,193
Creditors: amounts falling due 14
within one year (17,900) (4,543)
Net current assets 353,905 382,650
Total assets less current liabilities 353,905 382,650
Net assets 353,905 382,650
~~ed~~ ~~et~~
Funds of the charity
Restricted funds 22,839 22,437
Unrestricted funds 331,066 360,213
Total charity funds 15, 16 353,905
~~et~~		 382,650
~~et~~

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:18/9/2024

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

A M Fogel Trustee

The notes on pages 29 to 34 form part of these financial statements

The notes on pages 29 to 34 form part of these financial statements

26 | Trustees’ Annual Report

Year Ended 31 December 2023 | 27

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

The Z.S.V. Trust Statement of Cash Flows Year Ended 31 December 2023

Year Ended 31 December 2023
2023 2022
£ £
i
Cash flows from operating activities
Net (expenditure)/income (28,745) 60,753
Adjustments for:
Other interest receivable and similar income (921) (152)
Interest payable and similar charges
Accrued expenses/(income)		 2,529
13,357
a1
in		 2,365
(5,118)
Changes in:
Trade and other debtors (24,821) (16,740)
Cash generated from operations (38,601) 41,108
Interest paid (2,529) (2,365)
Interest received 921 152
Net cash (used in)/from operating activities (40,209) 38,895
F
Net (decrease)/increase in cash and cash equivalents (40,209) 38,895
Cash and cash equivalents at beginning of year 349,583 310,688
Cash and cash equivalents at end of year 309,374 349,583

The Z.S.V. Trust Notes to the Financial Statements Year Ended 31 December 2023

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 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 (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

There are no material uncertainties about the charity’s ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

There have been no material adjustments based on estimations and assumptions during the financial year.

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 funds which have been set at the discretion of the Trustees for specific purposes. There are no designated funds as at the Balance Sheet date.

Incoming 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 basis.

Resources expended

All expenditure is classified under the Charity’s principal categories of charitable and other expenditure and by the type of expense.

The notes on pages 29 to 34 form part of these financial statements

28 | Trustees’ Annual Report

Year Ended 31 December 2023 | 29

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

The Z.S.V. Trust: Notes to the Financial Statements Year Ended 31 December 2023 (continued)

3. Accounting policies (continued)

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 instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations 1,132,371 413,830 1,546,201
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations 919,264 520,237 1,439,501
5. Investment income
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
£ £ £ £
Bank interest receivable 921 921 152 152
6. Costs of raising donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Cost of generating voluntary income 27,584 2,200 29,784
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Cost of generating voluntary income 43,204 2,165 45,369

5. Investment income

6. Costs of raising donations and legacies

The Z.S.V. Trust: Notes to the Financial Statements Year Ended 31 December 2023 (continued)

7. Expenditure on charitable activities by fund type

7. Expenditure on charitable activities by fund type 7. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Relief of poverty 113,727 900 114,627
Emotional wellbeing 11,590 3,328 14,918
Youth activity
Food parcels		 12,240
851,477		 -
347,958		 12,240
1,199,435
House repairs and utilities 40,395 - 40,395
Endowments to poor brides 13,370 - 13,370
Assistance with healthcare 15,020 - 15,020
Clothing and shoes 27,002 19,000 46,002
Covid support 3,550 - 3,550
Support costs 46,484 40,042 86,526
1,134,855 411,228 1,546,083
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Relief of poverty 72,741 12,000 84,741
Emotional wellbeing 26,396 17,000 43,396
Youth activity 638 - 638
Food parcels 515,546 410,769 926,315
House repairs and utilities 71,849 - 71,849
Endowments to poor brides 14,128 - 14,128
Assistance with healthcare 41,230 1,871 43,101
Clothing and shoes 34,403 38,700 73,103
Covid support 5,770 - 5,770
Support costs 55,195 15,295 70,490
837,896 495,635 1,333,531

30 | Trustees’ Annual Report

Year Ended 31 December 2023 | 31

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

The Z.S.V. Trust: Notes to the Financial Statements Year Ended 31 December 2023 (continued)

8. Expenditure on charitable activities by activity type

Activities undertaken
directly		 Support
costs		 Total funds
2023		 Total Funds
2022
£ £ £ £
Relief of poverty 114,627 77,573 192,200 145,868
Emotional wellbeing 14,918 - 14,918 43,396
Youth activity 12,240 - 12,240 638
Food parcels 1,199,435 - 1,199,435 926,315
House repairs and utilities 40,395 - 40,395 71,849
Endowments to poor brides 13,370 - 13,370 14,128
Assistance with healthcare 15,020 - 15,020 43,101
Clothing and shoes 46,002 - 46,002 73,103
Covid support 3,550 - 3,550 5,770
Governance costs - 8,953 8,953 9,363
1,459,557 86,526 1,546,083 1,333,531

The Z.S.V. Trust: Notes to the Financial Statements Year Ended 31 December 2023 (continued)

12. Trustee remuneration and expenses

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

13. Debtors

13. Debtors
2023 2022
£ £
Other debtors 62,431 37,610
14. Creditors: amounts falling due within one year
2023 2022
£ £
Accruals and deferred income 17,900 4,543

14. Creditors: amounts falling due within one year

15. Analysis of charitable funds

Unrestricted funds

Due to the sensitive nature of the problems faced by the charity’s beneficiaries, the trustees maintain a policy of strict confidentiality in respect of the support provided to all the beneficiaries.

9. Analysis of support costs

9. Analysis of support costs
Relief of Total Total
poverty 2023 2022
£ £ £
Finance costs 2,529 2,529 2,365
Governance costs 8,953 8,953 9,363
Administration costs 75,044 75,044 58,762
86,526 86,526 70,490
10. Auditors remuneration
2023 2022
£ £
Fees payable for the audit of the financial statements 8,953 9,363

10. Auditors remuneration

Unrestricted funds
At 1 January 2023 Income Expenditure At 31 December 2023
£ £ £ £
General funds 360,213 1,133,292 (1,162,439) 331,066
At 1 January 2022 Income Expenditure At 31 December 2022
£ £ £ £
General funds 321,897 919,416 (881,100) 360,213
Restricted funds
At 1 January 2023 Income Expenditure At 31 December 2023
£ £ £ £
Restricted funds 22,437 413,830 (413,428) 22,839
At 1 January 2022 Income Expenditure At 31 December 2022
£ £ £ £
Restricted funds - 520,237 (497,800) 22,437

11. Staff costs

No salaries or wages have been paid to employees, including the members of the committee, during the period.

The Charity is mindful to be cost-efficient and effective by maximising the usage of volunteers. However, in order to keep abreast with the increasing demand, the Charity currently utilises the services of three individuals to manage its operations , the costs whom are included in Administration Costs.

32 | Trustees’ Annual Report

Year Ended 31 December 2023 | 33

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

The Z.S.V. Trust: Notes to the Financial Statements Year Ended 31 December 2023 (continued)

16. Analysis of net assets between funds

Unrestricted Funds Restricted Funds Total Funds 2023 Total Funds 2023
£ £ £
Current assets 348,966 22,839 371,805
Creditors less than 1 year (17,900) - (17,900)
'a
i
Net assets 331,066 22,839 353,905
Unrestricted Funds Restricted Funds Total Funds 2022
£ £ £
Current assets 364,756 22,437 387,193
Creditors less than 1 year (4,543) - a
~~=~~		 (4,543)
Net assets 360,213 22,437 382,650

17. Analysis of changes in net debt

17. Analysis of changes in net debt 17. Analysis of changes in net debt
At 1 Jan 2023 At 1 Jan 2023 At 1 Jan 2023 Cash flows At 31 Dec 2023
£ £ £
Cash at bank and in hand 349,583 (40,209) 309,374

18. Related party transactions

There have been no related party transactions in the reporting period that require disclosure.

34 | Trustees’ Annual Report

Year Ended 31 December 2023 | 35

Docusign Envelope ID: CBF4995C-0B4E-4FEA-AB88-94EA4D0ACEDD

Don’t count every hour in the day. Make every hour in the day count.

BOARD OF TRUSTEES

A Weinberger A M Fogel M Stern Y Friedman N Weinberger

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 Stoke Newington (B) Branch 198 Stoke Newington High Street London N16 7GA