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2025-12-31-accounts

Docusign Envelope ID." B6F00380-OADC-8729403F-AC02DDAC682D BLIIiiiL1 tliL Perfcct Picture )iy Ji Hidden hardship. Quiet support. Restored dignity. THE ZSV TRUST ANNUAL REPORT & FINANCIAL STATEMENTS 2025 I1*. . JTVIYTh'rnW.V4lVA The Z.S.V. Trust l Registered Charity No. 1063860

Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

CONTENTS

Inside the Picture

A peek into the visible work, the hidden need, and the support that restores stability.

04

Trustee’s Letter When Everything Looks Fine

06

What We Do How We Reframe the Picture

08

Our Impact 2025 at a Glance

12

What Comes Next Before the Picture Cracks

14

Governance & Structure Behind the Scenes

17

Independent Auditor’s Report to the Members

21

Statement of Financial Activities

22

Statement of Financial Position

23

Statement of Cash Flows

24

Notes to the Financial Statements

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

TRUSTEE’S LETTER

THE NEED

When Everything Looks Fine

Behind Closed Doors

Suffering rarely looks the way we expect it to.

Dear Friends and Supporters,

Not every struggle looks like struggle..

In a world of carefully curated snapshots and picture-perfect appearances, hardship is often hidden just beneath the surface. Behind polished smiles, pressed uniforms and homes that seem to be coping are families quietly carrying impossible burdens: empty cupboards, mounting bills, sleepless nights and the daily anxiety of trying to make ends meet.

This year, the cost-of-living crisis continues to cast a long shadow across the UK. The Food Foundation estimates that 1 in 5 families are experiencing food insecurity, with households raising children among the hardest hit. For many of the larger families we support, even small rises in food, rent and utility costs quickly become overwhelming. Over 44% of our beneficiaries live in severely overcrowded areas such as Hackney and Haringey. Our work also extends to families in Salford and Gateshead, where hardship is often hidden behind closed doors and carefully maintained appearances.

Against this backdrop, Food Lifeline continued to respond with compassion, urgency and dignity, supporting over 3,000 families with kosher food provision, emergency support, clothing, vouchers and welfare referrals. Behind every figure in this report is something quieter: a family able to get through another week with dignity and hope.

ZSV also faced a year of challenge and reflection. Following engagement with the Charity Commission, we have strengthened our governance, reporting and internal processes.

It can look like

a parent smiling in public while skipping meals at home.

It can look like

children in neat uniforms whose shoes no longer fit.

It can look like a family with a front door, a table, a routine - and no room left in the budget for food, heating or emergencies.

We believe that success lies in the little efforts we make- and our supporters, volunteers, staff and donors have made every possible effort to meet the current demand. As Trustees, we remain committed to tuning into the story beyond the picture-perfect appearance to care for those whose struggles may be overlooked.

Thank you for helping us ensure that every family is seen.

Sincerely,

Rabbi A. Weinberger Z.S.V. Trust Trustee

For many families, asking for help is the hardest part.

ZSV works quietly, carefully and confidentially to identify hidden need and respond with dignity.

5

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

WHAT ZSV DOES

TRUSTEE’S LETTER

How We Reframe the Picture

A Snapshot of ZSV

Immediate Relief

Longer-Term Stability

From hidden pressure to restored stability

Food Lifeline

Kosher food parcels, Yom Tov distributions, Shabbos support and family food vouchers.

Emergency Crisis Support

Targeted grants for families facing sudden financial pressure, debt or urgent household needs.

Clothing & Shoes

School shoes, coats, baby clothing and essentials for children in large or low-income families.

Youth Provision

Help with culturally appropriate activities, clubs and programmes for children and teenagers.

Referrals & Guidance

Connecting families with welfare organisations, employment support, counselling, youth services and other specialist help.

Counselling Support

Where financial strain has created emotional pressure, ZSV helps families access appropriate guidance and support.

Housing Repairs & Utilities

1. The pressure builds

A family is hit by rising food costs, debt, illness, family breakdown, unemployment, emergency repairs or emotional strain.

2. ZSV steps in quietly

We assess each situation with care and confidentiality, then provide practical support where it is needed most.

3. Stability returns

Food is on the table. Children have essentials. Parents can breathe. Families are guided toward longerterm support.

Help with urgent repairs, utility bills and situations where the home or family wellbeing is at risk.

Healthcare Assistance

Support, referrals or contributions where illness creates financial strain.

The right support at the right moment can change the . whole picture

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

OUR IMPACT

WHO WE REACH

2025 at a Glance

What the picture doesn’t show

----- Start of picture text -----
3 000 6 200
, ,
families supported food parcels distributed
800
vouchers
provided
530
emergency
cases supported
2 750
,
referrals
made
415 860
2,600 ,
children’s shoes Kilograms of food delivered
distributed
----- End of picture text -----

Behind every figure is a front door we were trusted to enter.

Where the Need Lives

Hidden hardship is not always far away.

It may be the family next door.

The elderly neighbour who smiles from the window.

The child playing outside because there is no longer room at home.

The parent raising six children in an overcrowded flat.

In 2025, ZSV supported families across London, Southend, Manchester and Tyne & Wear - not only where poverty was obvious, but in overcrowded flats and shared blocks where hardship was hidden behind closed doors.

We reached large families, single parents, elderly people, newlyweds starting with very little, and households affected by illness or debt - including children growing up in overcrowded flats, with no private garden and barely any space to play.

Need does not always stand out. That is why we look closer .

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

CASE STUDY

CASE STUDY

The Story Behind the School Run

What People Saw

HOW ZSV STEPPED IN

Quietly, practically and with dignity.

Kosher food support

What No One Saw

behind the front door

at the school gate

Every morning, the Levy children arrived at school on time. Clean shirts. Packed bags. Smiles at the gate.

Their father was working. Their mother was caring for five children, including a toddler at home. From the outside, the family looked like they were managing.

By winter, the weekly food shop no longer stretched to the end of the week. The older boys had outgrown their shoes. The baby needed pampers. Then a utility bill arrived just as Passover expenses were approaching.

Even the small things that make childhood feel normal had become difficult.

They were not asking for luxury. Just food, shoes, warmth and a way through the month.

No one at the school gate could see the calculations happening at the kitchen table

Family vouchers

Children’s shoes

Referral for wider support

WHAT CHANGED

The school run looked the same. The children still went to school. The parents still smiled.

But inside the home, the panic had eased.

ZSV did not change the picture people saw. It changed the pressure hidden behind it.

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

WHAT COMES NEXT

THANK YOU FUNDERS

Before the Picture Cracks

----- Start of picture text -----
In the year ahead, ZSV will continue to
respond to families already in crisis — while
working harder to reach those at risk earlier.
OUR PRIORITIES 2026
Reach hidden families sooner
Strengthening awareness so
01 families know help exists before the
situation becomes desperate.
Deepen practical support
Continuing food parcels, vouchers,
02 clothing, shoes, emergency grants
and essential household help.
Strengthen referrals
Helping families access wider support
03
for employment, debt, counselling,
welfare and youth provision.
Build sustainable funding
Growing partnerships, grant
04
income, donor support and in-kind
contributions.
Improve monitoring
Using better feedback and reporting
05
to understand need, measure impact
and strengthen services.
, the
The earlier we see the pressure
.
sooner we can help restore stability
----- End of picture text -----

Because You Saw ’ What Others Couldn t

To every donor, funder, volunteer and partner: thank you .

----- Start of picture text -----
Amongst many other anonymous funders
----- End of picture text -----

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

STRUCTURE, GOVERNANCE AND MANAGEMENT

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustees' Report

The Trustees present their report and the financial statements of the charity for the year ended 31 December 2025.

Structure, governance & 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' (continued) Report

Financial review (continued)

Despite these financial pressures, the Trustees remained firmly committed to ensuring that support to families in need continued without interruption or reduction, particularly at a time when demand for the charity’s services was increasing. The Trustees therefore took the decision to utilise part of the charity’s reserves to bridge the temporary gap between income and expenditure and to maintain service delivery at the level required.

This placed unavoidable pressure on the charity’s financial position and required careful management of expenditure and resources throughout the year. Nevertheless, the Trustees believe this approach was both necessary and consistent with the charity’s objectives and responsibilities to its beneficiaries.

The charity is now actively focused on rebuilding donor confidence, strengthening income generation and restoring reserve levels to ensure the continued long-term sustainability of its services and support for families who rely upon them.

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 Trustees recognise the importance of maintaining adequate reserves to ensure the continuity of the charity’s operations and services, particularly during periods of financial uncertainty or unexpected reductions in income.

The charity’s reserves policy is designed to:

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.

During the year, the organisation experienced a period of heightened scrutiny following a Charity Commission enquiry. The enquiry ultimately concluded with no findings of wrongdoing and confirmed that the charity’s operations, governance and activities remained fully compliant and appropriate throughout.

However, the existence of the enquiry created a period of uncertainty which adversely affected donor confidence and resulted in a marked reduction in new and renewed funding commitments. As a consequence, the charity experienced an approximate 18% reduction in income during the year.

During the year, the charity experienced a reduction in income of approximately 18%, principally due to a temporary decline in donor confidence arising from a Charity Commission enquiry. Although the enquiry concluded with no findings of wrongdoing and confirmed that the charity’s operations remained compliant and appropriate throughout, the Trustees considered it necessary and appropriate to utilise part of the charity’s reserves in order to maintain uninterrupted support for beneficiaries and meet increased demand for services.

The Trustees continue to monitor reserves carefully and are actively working to rebuild reserve levels and restore income streams to ensure the long-term financial sustainability of the charity.

At the year end, unrestricted reserves amounted to £127,564 , equivalent to approximately 1 1/2 months of operating expenditure. The Trustees consider this level of reserves to be below target in light of current operational requirements and future financial risks.

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

TRUSTEE’S STATEMENT

AUDITOR’S REPORT

Trustees' (continued) Report

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.

Independent Auditor's Report to the Members of The Z.S.V. Trust Year ended 31 December 2025

Opinion

We have audited the financial statements of The Z.S.V. Trust (the ‘charity’) for the year ended 31 December 2025 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).

In our opinion the financial statements:

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.

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

The Trustees’ Annual Report was approved on and signed on behalf of the Board of 15/6/2026 Trustees by:

Mr M Fogel Trustee

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.

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D AUDITOR’S REPORT

AUDITOR’S REPORT

Independent Auditor's Report to the Members of The Z.S.V. Trust (continued)

Year ended 31 December 2025

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.

Independent Auditor's Report to the Members of The Z.S.V. Trust (continued) Year ended 31 December 2025

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.

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

AUDITOR’S REPORT

STATEMENT OF FINANCIAL ACTIVITIES

Independent Auditor's Report to the Members of The Z.S.V. Trust (continued)

The Z.S.V. Trust

Statement of Financial Activities

Year ended 31 December 2025

Year ended 31 December 2025

Auditor’s responsibilities for the audit of the financial statements (continued)

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.

Note
Income and endowments
Donations and legacies
4
Investment income
5
Total income
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies
6
Expenditure on charitable activities
7,8
Total expenditure
Net (expenditure)/ income and
net movement
Reconciliation of funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Funds
£
946,237
1,316
947,553
(48,106)
(1,087,618)
(1,135,724)
(188,171)
315,735
127,564		 2025
Restricted
Funds
£
253,049
–
253,049
(5,135)
(246,009)
(251,144)
1,905
31,918
33,823		 Total
Funds
£
1,199,286
1,316
1,200,602
(53,241)
(1,333,627)
(1,386,868)
(186,266)
347,653
161,387		 2024
Total
Funds
£
1,457,187
1,178
1,458,365
(68,849)
(1,395,768)
(1,464,617)
(6,252)
353,905
347,653

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

Cohen Arnold

Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London 15/6/2026 NW11 0PU

The notes on pages 24 to 30 form part of these financial statements .

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

STATEMENT OF FINANCIAL POSITION

STATEMENT OF CASH FLOWS

The Z.S.V. Trust

Statement of Financial Position

As at 31 December 2025

Note
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due
with-in one year
14
Net current assets
Total assets less current liabilities
Net assets
Funds of the charity
Restricted funds
Unrestricted funds
Total charity funds
15		 2025
£
£
13,064
160,765
173,829
(12,442)
161,387
161,387
161,387
33,823
127,564
161,387		 2024
£
£
54,464
327,529
381,993
(34,340)
347,653
347,653
347,653
31,918
315,735
347,653		 2024
£
£
54,464
327,529
381,993
(34,340)
347,653
347,653
347,653
31,918
315,735
347,653
347,653
347,653
31,918
315,735
347,653

These financial statements were approved by the board of Trustees and authorised for issue on and are signed on behalf of the board by:15/6/2026

Mr M Fogel Trustee

The Z.S.V. Trust

Statement of Cash Flows

Year ended 31 December 2025

Cash flows from operating activities
Net expenditure
Adjustments for:
Other interest receivable and similar income
Interest payable and similar charges
Accrued (income)/expenses
Changes in:
Trade and other debtors
Cash generated from operations
Interest paid
Interest received
Net cash (used in)/from operating activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
(186,266)
(1,316)
2,771
(21,898)
41,400
(165,309)
(2,771)
1,316
(166,764)
(166,764)
327,529
160,765		 2024
£
(6,252)
(1,178)
2,981
16,440
7,967
19,958
(2,981)
1,178
18,155
18,155
309,374
327,529

The notes on pages 24 to 30 form part of these financial statements.

The notes on pages 24 to 30 form part of these financial statements.

22

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ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025

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Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS

The Z.S.V. Trust, Year ended 31 December 2025

Notes to the Financial Statements

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.

The Z.S.V. Trust, Year ended 31 December 2025

Notes to the Financial Statements (continued)

3. Accounting policies (continued)

Financial instruments (continued)

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

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.

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.

Donations and legacies
Investment income
Costs of raising donations
Donations
Donations and legacies
Donations
Donations and legacies
Cost of generating voluntary income
Cost of generating voluntary income
Bank interest receivable		 and legacies
Unrestricted
Funds
£
946,237
Unrestricted
Funds
£
960,945
Unrestricted
Funds
£
48,106
Unrestricted
Funds
£
55,692
Unrestricted
Funds
Total Funds
2025
£
£
1,316
1,316		 Unrestricted
Funds
£
946,237		 Restricted
Funds
£
253,049
Restricted
Funds
£
496,242
Restricted
Funds
£
5,135
Restricted
Funds
£
13,157
Unrestricted
Funds
£
1,178		 Total Funds
2025
£
1,199,286
Unrestricted
Funds
£
960,945		 Total Funds
2024
£
1,457,187
Total Funds
2024
£
1,178
Total Funds
2025
£
53,241
Unrestricted
Funds
£
55,692		 Total Funds
2024
£
68,849

5. Investment income

6. Costs of raising donations and legacies

24

ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 25

ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025

Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS

The Z.S.V. Trust, Year ended 31 December 2025 Notes to the Financial Statements (continued)

7. Expenditure on charitable activities by fund type
Relief of poverty
Food parcels
House repairs and utilities
Endowments to poor brides
Assistance with healthcare
Clothing and shoes
Long covid
Support costs
Relief of poverty
Food parcels
House repairs and utilities
Endowments to poor brides
Assistance with healthcare
Clothing and shoes
Long covid
Support costs		 Unrestricted
Funds
£
111,330
842,109
12,750
3,950
6,985
6,414
13,674
90,406
1,087,618
Unrestricted
Funds
£
64,490
715,387
43,961
4,795
6,625
35,113
4,775
46,616
921,762		 Restricted
Funds
£
–
193,214
–
–
–
3,600
–
49,195
246,009
Restricted
Funds
£
–
355,549
4,332
–
–
49,050
–
65,075
474,006		 Total Funds
2025
£
111,330
1,035,323
12,750
3,950
6,985
10,014
13,674
139,601
1,333,627
Total Funds
2024
£
64,490
1,070,936
48,293
4,795
6,625
84,163
4,775
111,691
1,395,768

The Z.S.V. Trust, Year ended 31 December 2025 Notes to the Financial Statements (continued)

8. Expenditure on charitable activities by activity type

Relief of poverty
Food parcels
House repairs and utilities
Endowments to poor brides
Assistance with healthcare
Clothing and shoes
Long covid
Governance costs		 Activities
undertaken
directly
Support costs
£
£
111,330
119,622
1,035,323
–
12,750
–
3,950
–
6,985
–
10,014
–
13,674
–
–
19,979
1,194,026
139,601		 Total funds
2025
£
230,952
1,035,323
12,750
3,950
6,985
10,014
13,674
19,979
1,333,627		 Total funds
2024
£
167,362
1,070,936
48,293
4,795
6,625
84,163
4,775
8,819
1,395,768

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

Finance costs
Governance costs
Administration costs		 Relief of
poverty
£
2,771
9,120
127,710
139,601		 Total 2025
£
2,771
9,120
127,710
139,601		 Total 2024
£
2,981
8,819
99,891
111,691

26 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025

27

ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025

Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

NOTES TO THE FINANCIAL STATEMENTS

NOTES TO THE FINANCIAL STATEMENTS

The Z.S.V. Trust, Year ended 31 December 2025

Notes to the Financial Statements (continued)

10. Auditors remuneration

2025 2024
£ £
Fees payable for the audit of the financial statements 9,120 8,819

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 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

Creditors: amounts falling due within one year
Other debtors
Accruals and deferred income		 2025
£
13,064
2025
£
12,442		 2024
£
54,464
2024
£
34,340

14. Creditors: amounts falling due within one year

The Z.S.V. Trust, Year ended 31 December 2025

Notes to the Financial Statements (continued)

15. Analysis of charitable funds

Unrestricted funds

General funds
General funds
Restricted funds
Restricted Funds
Restricted Funds		 At 1
January
2025
£
315,735
At 1
January
2024
£
331,066
At 1
January
2025
£
31,918
At 1
January
2024
22,839		 Income
£
947,553
Income
£
962,123
Income
£
253,049
Income
496,242		 Expenditure
£
(1,135,724)
Expenditure
£
(977,454)
Expenditure
£
(251,144)
Expenditure
(487,163)		 At 31
December
2025
£
127,564
At 31
December
2024
£
315,735
At 31
December
2025
£
33,823
At 31
December
2024
31,918

28 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025

ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025 29

Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

NOTES TO THE FINANCIAL STATEMENTS

The Z.S.V. Trust, Year ended 31 December 2025 Notes to the Financial Statements (continued)

16. Analysis of net assets between funds

Current assets
Creditors less than 1 year
Net assets
Current assets
Creditors less than 1 year
Net assets		 Unrestricted
Funds
£
140,006
(12,442)
127,564
Unrestricted
Funds
£
350,075
(34,340)
315,735		 Restricted
Funds
£
33,823
–
33,823
Restricted
Funds
£
31,918
–
31,918		 Total Funds
2025
£
173,829
(12,442)
161,387
Total Funds
2024
£
381,993
(34,340)
347,653

17. Analysis of changes in net debt

At 1 Jan At 31 Dec
2025 Cash flows 2025
£ £ £
Cash at bank and in hand 327,529 (166,764) 160,765

18. Related parties

During the year the Charity paid amounts aggregating £5,127 to a Company the Director of which is a Trustee of this Charity in respect of clothing and shoes grants for eligible recipients.

30 ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025

31

ZSV ACCOUNTS- YEAR ENDED 31 DECEMBER 2025

Docusign Envelope ID: B6F003B0-0ADC-8729-803F-AC02DDAC6B2D

THE Z.S.V. TRUST

Registered Charity No. 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