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Docusign Envelope ID: EE035DAD-48E3-4ECB-8200-549224D11C63 2 | Trustee’s Annual Report 2024 TABLE OF CONTENTS
Trustee’s Annual Report 2024 | 3
04 A Trustee’s VoiceA message from a trustee Our Board 08 Who our Trustees are
What We Do 10 A peek into our projects
Real Lives Our beneficiaries speak
12
17
Our Funders Thank you to our supporters
20 Independent Auditor’s Report
24
Statement of Financial Activities
2024
Statement of 25 Financial Position
Statement of Cash 26 Flows
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A TRUSTEE’S VOICE
Dear Friends & Supporters
In a world saturated with headlines, hashtags, and noise, it’s easy to miss the quiet voices that truly matter. At Z.S.V. Trust, we strive to tune into those voices-the ones that often go unheard- and amplify them with action, dignity, and hope.
The past year has felt like a relentless news cycle of hardship: rising household bills, soaring food prices, and record-breaking levels of child poverty. According to the Food Standards Agency, 87% of UK adults are concerned about the cost of food; nearly half report buying less because they simply can’t afford more. Some Kosher food products are double the price of many of their non-kosher counterparts! Behind these statistics are real families- many with multiple children- navigating the noise and struggling to be seen and heard.
Against this backdrop, the quiet but powerful work of Food Lifeline has spoken volumes. We supported over 1,600 families for Passover and an astonishing 1,200 for the High Holy Days. Our Survive & Thrive project delivered holistic support to 260 households, offering practical help alongside emotional and financial guidance. And we are especially proud that 30 families have been successfully weaned off support, a testament to the long-term strength of our interventions- even when the journey takes longer for larger families with six or more dependents.
This year, in response to the growing crisis affecting children, our Trustees sharpened their focus on youth-centred initiatives. Simultaneously, we’ve addressed the growing concern of Jewish families in need who are unaware that help exists, by developing quiet but strategic campaigns to raise awareness in under-represented corners of our community.
We’ve also seen a surge of generosity amidst the noise. During our High Holy Days campaign, 42% of donors increased their gift size, responding not just to the crisis—but to the enduring belief that every family deserves to be nourished and seen.
Like any newsroom, we face deadlines, breaking developments, and the constant challenge of sorting what’s urgent from what’s important. But unlike most headlines, our stories don’t fade with the news cycle. They ripple quietly—bringing dignity to dinner tables, warmth to homes, and hope to hearts.
As Trustees, we remain committed to listening deeply, acting swiftly, and speaking up for those whose voices are often drowned out. Our gratitude goes out to every donor, volunteer, and partner who helps us cut through the noise and broadcast something different: Goodness.
Thank you for helping us ensure that in a world full of noise, Goodness still prevails—and is heard.
Sincerely, Rabbi A. Weinberger
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Trustee’s Annual Report 2024 | 7 THEORY OF CHANGE oe
Trustee’s Annual Report 2024 | 9
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WHAT WE DO
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 Emergency Crisis Campaign Family Food Vouchers
We assist the elderly, sick, widowed, orphaned, and unemployed through food parcels, vouchers, errand undertaking, and volunteer support. Since 2020, demand for our services has nearly doubled due to the impacts of Covid-19, the cost of living crisis, and the war in Ukraine.
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 teens need healthy, culturally appropriate outlets outside school—but many families can’t afford the cost. ZSV helps cover after-school clubs and youth programmes that boost academic performance, based on guidance 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 accordingly — towards repairs, utility bills, or emergency renovations.
Referral Service
Sometimes beneficiaries require additional support beyond food, clothing and grants. Through our volunteers, we refer many 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.
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REAL LIVES. REAL IMPACT.
“We have four kids under six — and it’s constant. Nappies, shoes, school bags, food… it adds up fast. When winter came, none of the kids had coats that fit.
ZSV sponsored new coats, school shoes, and food vouchers before Passover.
“Because of my wheelchair, I’ve never been to camp. It was too expensive — and there was minimal accessibility.
ZSV paid for me to go to an inclusive camp with ramps and helpers. I made friends. I swam. I laughed for the first time in ages.
It let us breathe — and let the kids feel proud walking to school.”
They didn’t see a wheelchair. They saw me.”
“We’re not used to asking for help. But we were drowning.”
THE KAHAN FAMILY
“My husband passed away ten years ago. I live alone in a third-floor flat with no lift. On bad weeks, I can’t get to the shops at all.”
Rena, a retired seamstress lives on a minimal pension. Since a fall last winter, stairs have become impossible.
ZSV delivers a weekly Shabbat parcel directly to her door — challah, grape juice, poultry and kugel.
“Every week, that knock on my door reminds me: I’m still cared for.”
YONATAN, 14
“I made friends. I swam. I laughed for the first time in ages.”
“I was a dental receptionist for 12 years. Then my husband left, and I was too anxious to work.”
With a new baby and no support system, Leah fell behind on rent, council tax, and utilities. A referral brought her to ZSV. She received an Emergency Crisis Fund grant to stop eviction, weekly food vouchers, and was matched with a subsidised therapist through ZSV’s counselling partners.
“It wasn’t just money. It was care. It gave me space to breathe and rebuild.”
“The parcel came every Friday. Like clockwork.”
MRS RENA L, 83
LEAH, 34
“ZSV caught me just before I broke.”
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WHAT THE HEADLINES MISSED - 2024
"Mary
FEBRUARY mance Campaign APRIL Urgent Winter Relief Momentum
- 500 children received school shoes under ‘Little Steps’ project.
Passover orders placed. Donor mail-outs dispatched.
120 families received winter food and clothing vouchers.
150 families/month supported with food and energy vouchers.
107 errands completed by volunteers for elderly/immobile beneficiaries.
——— pe Ongoing Pressure Research: Inflation slowing, but food prices still high. Early partnership talks with Trussell Trust.
pe — ooo aay 3 : : Su'4rapeyce nalie avteltava i . a bie ae 0.6.8 Ongoing Pressure Research: Inflation slowing, but food prices still high. Early partnership talks with Trussell Trust. £500 grants distributed to households in extreme energy debt.
: |
a
Planning Amid Pressure
Monitoring and reporting systems improved.
Forecasting for winter food demand based on food price inflation.
Trustees strategised on adapting ‘Heating & Eating’ for 2025.
sp. A oN
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What’s in store for 2025
Partnerships
Expanding collaborations with suppliers and organisations through our Beneficiary Liaison Officer (BLO).
YOU KEEP OUR PRESSES RUNNING Thanks to these supporters - and many more behind the scenes.
Integrated Support
Integrating food provision with welfare services so they work hand in hand.
Referrals
Working closely with beneficiaries to track referrals and address underlying challenges.
In-Kind Donations
Increasing donated goods by partnering with food banks and surplus schemes.
Monitoring
Enhancing our evaluation tools, including child-friendly questionnaires.
Fundraising
Expanding online fundraising, running match-funding campaigns, and attracting corporate sponsors.
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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 to the rapid turnover of funds it would not be prudent to invest in any other type of account as the charity requires immediate access to its funds.
Governance and Internal Control
The power of appointing new or additional Trustees hereof or removing Trustees is vested in the persons who are for the time being the trustees.
Risk Management
The trustees have identified and reviewed the major risks to which the Trust is exposed, in particular those related to the operations and finance of the Trust, and are satisfied that systems are in place to mitigate those risks.
Public Benefit
The Trustees confirm their compliance with their duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity’s aims and objectives and in planning future activities.
Trustees’ Responsibilities Statement
The trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
In preparing these financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the applicable Charities SORP;
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Make judgments and accounting estimates that are reasonable and prudent;
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State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
18/9/2025 The trustees’ annual report was approved on .............................. and signed on behalf of the board of trustees by:
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.
Mr M Fogel Trustee
Plans for Future Periods
The charity plans to continue its distributions to families in need as well as to the other local needy cases.
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 £315,000 free reserves is deemed sufficient to cover any close down costs in the eventuality that the organisation would need to close.
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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE Z.S.V. TRUST
Opinion
We have audited the financial statements of The Z.S.V. Trust (the ‘charity’) for the year ended 31 December 2024, 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 Accepted Accounting Practice).
The Z.S.V. Trust, Year Ended 31 December 2024
Other Information (Continued)
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.
In our opinion the financial statements:
We have nothing to report in this regard.
-
Give a true and fair view of the state of the charity’s affairs as at 31 December 2024, and of its incoming Resources and application of resources, including its income and expenditure, for the year then ended;
-
Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
-
Have been prepared in accordance with the requirements of the Charities Act 2011.
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.
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:
-
the information given in the trustees’ 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 information and explanations we require for our audit.
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.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
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.
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.
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INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE Z.S.V. TRUST
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, 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 considered material if, individually or in the aggregate, they could reasonably be expected to 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. 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.
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 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. We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance 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:
The Z.S.V. Trust, Year Ended 31 December 2024
Auditor’s Responsibilities for the Audit of the Financial Statements (continued)
-
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting 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.
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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.
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Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
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Conclude on the appropriateness of the trustees’ use of the going concern basis 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 charity’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s 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 auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
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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.
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
18/9/2025
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STATEMENT OF FINANCIAL POSITION The Z.S.V. Trust, Year Ended 31 December 2024
The Z.S.V. Trust, Year Ended 31 December 2024
STATEMENT OF FINANCIAL ACTIVITIES
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | 960,945 | 496,242 | 1,457,187 | 1,546,201 |
| Investment income | 5 | 1,178 | __ | 1,178 | 921 |
| Total income | 962,123 | 496,242 | 1,458,365 | 1,547,122 | |
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Costs of raising donations and | |||||
| legacies | 6 | (55,692) | (13,157) | (68,849) | (29,784) |
| Expenditure on charitable activities | 7,8 | (921,762) | (474,006) | (1,395,768) | (1,546,083) |
| Total expenditure | (977,454) | (487,163) | (1,464,617) | (1,575,867) | |
| Net (expenditure)/ income and net | |||||
| movement in funds | (15,331) | 9,079 | (6,252) | (28,745) | |
| Reconciliation of funds | |||||
| Total funds brought forward | 331,066 | 22,839 | 353,905 | 382,650 | |
| Total funds carried forward | 315,735 | 31,918 | 347,653 | 353,905 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Current assets | |||||
| Debtors | 13 | 54,464 | 62,431 | ||
| Cash at bank and in hand | 327,529 | 309,374 | |||
| 381,993 | 371,805 | ||||
| Creditors: amounts falling due | |||||
| within one year | 14 | (34,340) | (17,900) | ||
| Net current assets | 347,653 | 353,905 | |||
| Total assets less current liabilities | 347,653 | 353,905 | |||
| Net assets | 347,653 | 353,905 | |||
| Funds of the charity | |||||
| Restricted funds | 31,918 | 22,839 | |||
| Unrestricted funds | 315,735 | 331,066 | |||
| Total charity funds | 15 | 347,653 | 353,905 |
18/9/2025 These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Mr M Fogel Trustee
The notes on pages 27 to 33 form part of these financial statements.
The notes on pages 27 to 33 form part of these financial statements.
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STATEMENT OF CASH FLOWS The Z.S.V. Trust, Year Ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS The Z.S.V. Trust, Year Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net expenditure | (6,252) | (28,745) |
| Adjustments for: | ||
| Other interest receivable and similar income | (1,178) | (921) |
| Interest payable and similar charges | 2,981 | 2,529 |
| Accrued expenses | 16,440 | 13,357 |
| Changes in: | ||
| Trade and other debtors | 7,967 | (24,821) |
| Cash generated from operations | 19,958 | (38,601) |
| Interest paid | (2,981) | (2,529) |
| Interest received | 1,178 | 921 |
| Net cash from/(used in) operating activities | 18,155 | (40,209) |
| Net increase/(decrease) in cash and cash equivalents | 18,155 | (40,209) |
| Cash and cash equivalents at beginning of year | 309,374 | 349,583 |
| Cash and cash equivalents at end of year | 327,529 | 309,374 |
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 27 to 33 form part of these financial statements.
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NOTES TO THE FINANCIAL STATEMENTS The Z.S.V. Trust, Year Ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS The Z.S.V. Trust, Year Ended 31 December 2024
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
| 4. Donations and legacies | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2024 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 960,945 | 496,242 | 1,457,187 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| £ | £ | £ | ||
| Donations | ||||
| Donations | 1,132,371 | 413,830 | 1,546,201 | |
| 5. Investment income | ||||
| Unrestricted | Total Funds | Restricted | Total Funds | |
| Funds | 2024 | Funds | 2023 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 1,178 | 1,178 | 921 | 921 |
5. Investment income
6. Costs of raising donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Cost of generating voluntary income | 55,692 | 13,157 | 68,849 |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Cost of generating voluntary income | 27,584 | 2,200 | 29,784 |
7. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Relief of poverty | 64,490 | – | 64,490 |
| Food parcels | 715,387 | 355,549 | 1,070,936 |
| House repairs and utilities | 43,961 | 4,332 | 48,293 |
| Endowments to poor brides | 4,795 | – | 4,795 |
| Assistance with healthcare | 6,625 | – | 6,625 |
| Clothing and shoes | 35,113 | 49,050 | 84,163 |
| Long Covid | 4,775 | – | 4,775 |
| Support costs | 46,616 | 65,075 | 111,691 |
| 921,762 | 474,006 | 1,395,768 | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Relief of poverty | 113,727 | 900 | 114,627 |
| Youth activity | 12,240 | – | 12,240 |
| Food parcels | 851,477 | 347,958 | 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 |
| Long Covid | 3,700 | – | 3,700 |
| Support costs | 57,924 | 43,370 | 101,294 |
| 1,134,855 | 411,228 | 1,546,083 |
Docusign Envelope ID: EE035DAD-48E3-4ECB-8200-549224D11C63
30 | Trustee’s Annual Report 2024
Trustee’s Annual Report 2024 | 31
NOTES TO THE FINANCIAL STATEMENTS The Z.S.V. Trust, Year Ended 31 December 2024
NOTES TO THE FINANCIAL STATEMENTS The Z.S.V. Trust, Year Ended 31 December 2024
11. Staff costs
8. Expenditure on charitable activities by activity type
No salaries or wages have been paid to employees, including the members of the committee, during the period.
Activities
| Activities | ||||
|---|---|---|---|---|
| undertaken | Support | Total funds | Total funds | |
| directly | costs | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Relief of poverty | 64,490 | 102,872 | 167,362 | 206,968 |
| Youth activity | – | – | – | 12,240 |
| Food parcels | 1,070,936 | – | 1,070,936 | 1,199,435 |
| House repairs and utilities | 48,293 | – | 48,293 | 40,395 |
| Endowments to poor brides | 4,795 | – | 4,795 | 13,370 |
| Assistance with healthcare | 6,625 | – | 6,625 | 15,020 |
| Clothing and shoes | 84,163 | – | 84,163 | 46,002 |
| Long Covid | 4,775 | – | 4,775 | 3,700 |
| Governance costs | – | 8,819 | 8,819 | 8,953 |
| 1,284,077 | 111,691 | 1,395,768 | 1,546,083 |
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 of whom are included in Administration Costs.
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
| Endowments to poor brides Assistance with healthcare Clothing and shoes Long Covid Governance costs |
4,795 6,625 84,163 4,775 – |
– – – – 8,819 |
4,795 6,625 84,163 4,775 8,819 |
13,370 15,020 46,002 3,700 8,953 |
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. 13. Debtors |
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. | No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. | No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. | No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. |
|---|---|---|---|---|---|---|---|---|---|
| Governance costs | – | 8,819 | 8,819 | 8,953 | 2024 | 2023 | |||
| 1,284,077 | 111,691 | 1,395,768 | 1,546,083 | £ | £ | ||||
| Other debtors | 54,464 | 62,431 | |||||||
| Due to the sensitive nature of the problems faced by the charity’s beneficiaries, the trustees maintain a policy of strict | 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. | confidentiality in respect of the support provided to all the beneficiaries. | ||||||||
| 14. Creditors: amounts falling due within one year | 14. Creditors: amounts falling due within one year | ||||||||
| 9. Analysis of support costs | 2024 | 2023 | |||||||
| £ | £ | ||||||||
| Relief of poverty |
Total 2024 |
Total 2023 |
Accruals and deferred income | 34,340 | 17,900 | ||||
| £ | £ | £ | |||||||
| Finance costs Governance costs |
2,981 8,819 |
2,981 8,819 |
2,529 8,953 |
15. Analysis of charitable funds | |||||
| Administration costs | 99,891 | 99,891 | 89,812 | ||||||
| 111,691 | 111,691 | 101,294 | Unrestricted Funds | ||||||
| At 1 | At 31 | ||||||||
| January | December | ||||||||
| 2024 | Income | Expenditure | 2024 | ||||||
| 10. Auditors remuneration | £ | £ | £ | £ | |||||
| General funds | 331,066 | 962,123 | (977,454) | 315,735 | |||||
| 2024 | 2023 | ||||||||
| £ | £ | ||||||||
| At 1 | At 31 | ||||||||
| Fees payable for the audit of the financial statements | 8,819 | 8,953 | January 2023 |
Income | Expenditure | December 2023 |
|||
| £ | £ | £ | £ | ||||||
| General Funds | 360,213 | 1,133,292 | (1,162,439) | 331,066 |
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
10. Auditors remuneration
Docusign Envelope ID: EE035DAD-48E3-4ECB-8200-549224D11C63
32 | Trustee’s Annual Report 2024
Trustee’s Annual Report 2024 | 33
NOTES TO THE FINANCIAL STATEMENTS
The Z.S.V. Trust, Year Ended 31 December 2024
15. Analysis of charitable funds (continued)
Restricted Funds
18. Related parties
During the year, the charity paid amounts totalling £14,297 to a company whose Director is also a trustee of the charity, in relation to clothing and shoe grants for eligible recipients.
| Restricted Funds | ||||
|---|---|---|---|---|
| At 1 | At 31 | |||
| January | December | |||
| 2024 | Income | Expenditure | 2024 | |
| £ | £ | £ | £ | |
| Restricted Funds | 22,839 | 496,242 | (487,163) | 31,918 |
| At 1 | At 31 | |||
| January | December | |||
| 2023 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| Restricted Funds | 22,437 | 413,830 | (413,428) | 22,839 |
16. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Current assets | 350,075 | 31,918 | 381,993 |
| Creditors less than 1 year | (34,340) | – | (34,340) |
| Net assets | 315,735 | 31,918 | 347,653 |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Current assets | 348,966 | 22,839 | 371,805 |
| Creditors less than 1 year | (17,900) | – | (17,900) |
| Net assets | 331,066 | 22,839 | 353,905 |
| 17. Analysis of changes in net debt | |||
| At 1 | At 31 | ||
| January | December | ||
| 2024 | Cash flows | 2024 | |
| £ | £ | £ | |
| Cash at bank and in hand | 309,374 | 18,155 | 327,529 |
17. Analysis of changes in net debt
~~eee~~ Docusign Envelope ID: EE035DAD-48E3-4ECB-8200-549224D11C63 34 | Trustee’s Annual Report 2024 z= Wl eed . FA les INE WW ad TABLE OF CONTENTS = = it, =, ee i cl — Sh =
Reg. Charity Name The Z.S.V. Trust
Charity Reg. Number
1063860
Principal Office
52 Darenth Road London N16 6EJ
The Trustees
Mr F Friedman Mr W Weinberger Mr A Weinberger Mr M Fogel Mr M Stern
Auditor
COHEN ARNOLD New Burlington House 1075 Finchley Road London NW11 0PU
Bankers
NatWest Bank Plc Stoke Newington Branch 198 Stoke Newington High Street London N16 7GA