Hatzlocho Limited REPORT AND FINANCIAL STATEMENTS REGISTERED COMPANY NUMIIF.R.. 03963034 REGISI"ERED CHARITY NUMBLR.. 1082076 FOR THE YEAR ENDED 315t MARCH 2023 H*trJoeho iAmited CONfENIS Page Trustees. Annual RI￿rt Ind¢p¢nd¢nt Exaroinees Report Stytsment of FIN￿18] Aaiviti B￿anCe Sheet Noios to the Financial Stst¢m¢nts 8-12 Hatrlotho Limittd TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2O2J Rtftrence *Dd •dminis¢rntive iDfonD*tiDn Trustees Mrs EM Tager Prof&ssor HB Tagv (Yui8ntsJ 15112n(n4) Mrs SD TaBcr (Th￿18nd 1610ir2025) Mrs NF l ager {￿lsned 16101r2025) Mr R Tag¢r (app)intrd 2710912024} Mr MJ Bl8ke (8rwint¢d 15112r2024) Mr PM Kret￿￿ {apF4)ititrd I￿1212024} Mrs EM TAg Compmny re8istered number 03963034 Charity re8i$t£red number 1082076 Reglstered offie¢ Romeo House 160 Brirt￿ Road IAJnd N18 ISY Independent ExamiTKr MTrxe KIngS￿n Smith LLP 9 ApFold Str¢¢t LA)ndon EC2A 2AP Pa8& 1 Hatzjocho tami¢•J TRVSTEES'ANNUAL REPORT FOR THE YEAR Ef4DED 31- MARCH 21ll3 The ￿Steffj who ate directors forthe purp)ses of company law. prttent th¢ 8rmua] report t￿￿h¢r with the financial ststcments #nd independent examinevs rqxjrt of the charitsble company for the year ¢nded 31 March 2023. Objectivea *ctivlti¢• ObJed5 The compAny WLS &8tablishedto furthff those pur￿￿ both iti the Uni*d Kin8dom and which #re recognised 8$ charitsble by Er]glish law. lThe chartty recetv&% income from its investsnents and from &ssoci&ted undertakin8s. including gift aided donatio￿ which li utilises in the provision of srants d(In￿l0￿S to othcr ch￿itiCS and no ehange is c4hvtsa8ed in the imrnediatr fubjre. Publle benefv The charity rn8k¢s ch8ritsbl¢ ￿ and don*ions. The tn￿te¢S confinn that they have c4)mplied with th¢ requirements of seclion 17 ofthe Charities Act 2011 to have due regard to th¢ public benefit Buidanc¢ published by the Ch¥rity Commission for England and Wales. Tryst¢e8 and offic¢r8 The And officers serving during the yearand sin(¢ the yw ¢nd w¢r¢ a5 follows.. Trustees.. Mrs EM Ta8er Professor HB Tager FILL4bery Mrs sr) T88er Mrs NF T88er MT R Tager Mr MJ Blak¢ Mr PM Kremen Struttllrey govern8nte *Dd rn•n88ememt Nafyre of80￿rning The company'5 8overnin8 &>L¥Tnent is its Mcmoranthlln and Arric1¢5 of Association. obJeerf￿ andpolldes The ¢h8rity'$ a¢tivities expose it ￿ a numt¢r of fill￿181 risks in¢luding crdit risK flow risk and liquidity Tisk. The use gf f￿ancial derivativ&% is govemed by the charity's policies 0￿rOVed by the board of trustee& whi¢h provid¢ written princÉples on the use of financial d￿1vativeS ￿ ￿￿￿8¢ thtte risks. The ¢trJarity does not use derivative finanrial instruTnrDts for 5peadativ¢ wrpos¢s. C4shJlowiifk Th¢ ¢harity's a¢liviti¢s ¢XFKW it prim8rity to the fnwicial risks of intrr¢M raw. In*rest be4ring ass¢ts ond liabilities held at fixed rateto ensure Lyrtainty of c&8h flows. Ha171rthts tdmited TRusfEES'ANNUAL REPORT FOR THE YEAR EP4DED 31-.MARCH 21n3 Credts rtsk The charity's princip81 finan¢i81 $￿ts are bank balarw 8nd trade and othtt r￿tIv£blO and investments. The chwity's credit risk is wmarily allrtbutable to its trade ￿*Iv#ble$. The amounts pre5ent¢d in th¢ balan¢¢ sheet are net of allowances ftir doulxful rfLtivablcs. An allowance for impirmcnt is rnade where there 15 an identified loss event whi¢ty IA8ed on Pm1￿L$ cxp¢ri¢nc4 is ¢vidfflLf of & rulurtion in the recoverability of the casb flows. The charity has no significant COn￿￿￿10n of cr￿lt TiSL with eKP)sur¢ spre¥J ttheen its bank aThJ small debt()rs. In orderto rnainlRin liquidity to e￿we that sufficient fuTh45 8re 8V8i18ble for 01￿01￿8 operations and fi￿1¢ developrnen￿ th¢ charity u3¢5 a rnixti￿¢ of lon8.terni aThl 51K)rt.tum debt finance. Further dettiils regarding liquidity risk ean be iti the St8temtht of aec4)urttiti8 policies in the financi81 The Solev Co Ltd loAn repid in full, le*virt8£31801 ¢JJtsthkn8 intertSL There was £39,635 invcstrTKnt income and charitable d¢)nation5 amountin8 to £43,450. Ihe loan r¢paym¢nt has resulted in a c&th b8lan¢e of £851,125 bcin8 hel4 to eover fiJture governance and other eosts and the charitable 8rants that the trustees will be con5iderLII8 in thc futttre. Trse reserves will be more than sufficient to cover the proposej charitable grants in the followiti8 year. Hxt7Joeho Limited TRUSTELS. ANNUAL REPORT FOR THE Y£AREI¥DED 31st MARCH 21)23 StstsmeBt of Trustees. ruponslbUItI The trustees (who a￿ a]so dire¢ior5 of charity for th¢ purposes of cornpany law) are resFKpnsible for PT¢paring th¢ Trustee5' Report and the f￿an¢1￿ stat¢m¢t)ts iEJ trKordance with applicable law atrj United KiTh8d¢)m A¢coulllin8 Standards (Unitoj Kingdom GeneTr]ly Accepted Accounting Pw¢iLx}. Company ]aw required trLL4ttt5 lo prewe financial statern¢nty for ¢xh fuwKial year which give a tru¢ and fair view ofthe stat¢ of the affairs of the charitable ¢tsmp8ny and of the 0￿gOIng resources and applicwion of rwouree5. includEng the in¢ome and expenditUTe, of th¢ ¢han'table rA)mpany for that period. In prepving these finanei81 sl*¢ments, the trustec5 are reqllir￿ to.. select suitsble accounting w>licies and then aK)ly them consistetrtly. Comply with applicable accounting thidards. includin8 FRS 102. subje¢t to ￿Y m8trriti] depsrbtsres diwlosed find explained in th¢ flnan¢i￿ sts*mcnts' stat¢ wheAtw a Statemcnt ofReco[t￿ended Practice {SORPI aFf*lies and Iw been followrf subject to any material depamjres whieh arc explainèj in the fitwi¢ia] slatem￿ make judgements and edimates are reasort8ble and pruden( prepaTC the fman¢ial stai¢ments on agtsin8 Concern basis unleBS it is irwwW to ptesume that th¢ charity will Ontinue in knin¢ss. The trustees are r¢spoDsible for kttpin8 proper xcounting reoxds thai disclose with reasonable awuracy ot any time the ilm￿cial position of the tharitable company and enable thern ￿ en5ur¢ tI￿t the financial ststements Ci)mply with th¢ CompAnies Aet 2006. They are ￿$0 responsible for s&fe8u#rding the &5se¢y of the ¢haritabk ¢ompany and hence fv tsktng re￿nable st¢ps for the preverfion and detertion of fraud and other iNe8ulwi¢i This Teport hos b¢¢n pr¢par¢d in ac¢ordonc¢ wth the 4>￿1￿ provisions T¢l4tin8to small ￿￿panieS withirt Part is ofth¢ Comp￿leS Ad 2006. Approved by the Tntstees on". and signed on ils behalf by:.............. ...... Trustees.. RornN? T•Jer. Esther T•a8r INDEPENDENf EXAm￿ER's REPORT TO THE TRUSTEES, OF HAfziA)CHO IIMITED I report to the dwity tn￿S on my examination of th¢ ofth¢CompsDy fiyrthe year ended 31st March 2023. Respollsibilitie8 and of re￿rt As the charity's trustees of the Company (a￿1 also its di￿1[￿¥ fiy the purp)￿ of eonw Itw) you are responsible forthe pr¢par4tion of the ac¢ounts in accordaDce with the wuircn*nts of the C(*wies Act 2(M)6 {'the 2(K)6 Aet,). Having s8tisfi¢d myself thatthe accounts ofthe Company are J*xYewired to b¢ aWli￿ under Part 16 of the 2(￿6 Act and ar¢ eligible for independent examination, I rewyrt in respect of my exa￿lAI￿on of ycwJr chftrity's accounts as carried out under section 145 of the Chwities Act 2011 ('the 2011 Art.). In canying out my examin*tion I httve follow*d the Dire¢ti0rt4 given by the ChArity conun1￿1On under s¢¢tiOD 145(5) (b) of the 2011 Independttst exsmltter'j itAt4ment I have completed my examinalion. I confirm tt¥¢ no mwers have c4)me to my attention in ￿nn￿tion with th¢ ¢xamI￿on giving me cause to t¢li¢v¢: l) accow)tsng re￿rdS wv¢ not kept in respect of the CompAny a5 required by ￿￿10￿ 386 gf the 2006 Ac(. or 2) the ￿CoUnts do not accord with those records: or 3) Ihe accounts do not comply with th¢ a¢wintin8 Tequirtmejts of sKtion 396 of the 2006 Ad oth¢r thpn Any 4) r4uiremeni that the alco￿lts ¥iv¢ a'tru¢ fair view which is not a matitr Considered as part of an independent cxamination.. or the a¢c<)UThts have not been prepar￿ in a¢¢ordttT*e rnettr￿ and princip1¢5 of the StNtem¢th of R¢wmmended Prwiiee ft* aCc(rtU￿ns and Tep)rtin8 by charities. I have no concerns and hJv¢ ¢(Mne acrnss no other matters in connectson with the eXaMin￿10n to which attention should be drawn in tllls T¢PQrt in order to enable a proper unde￿￿￿1n8 of th¢ a(xourrts to be [c￿d. ocrt Adam FullErLon (FCA LKhA) For pnd on Fthlf of Moore Kitwn Smith LLP 6th Floor 9 Appold Street London FC2A 9AP Dats.. 14 February 2025 Pgge: 5 srATEMENf OF FINANCIAL ACTIVITIL8 FOR THE YEAR ENDED 31ST MARCH 2023 -Uttr&ri¢¢ed Fund Ge•erAI Totsl Fund FuJ)ds 2023 21123 Funds 2022 tNCOMK AND ENDOWMEMS FROM: Investm¢nt in¢ome 39.635 39.635 39,635 39,635 37,760 37,760 TOTAL INCOME EXPENDITURE ON: Charitable a¢tivtti¢5 TOTAL EXPENDITURE 43.450 43.450 43.450 20,164 20,164 NF.T INC.QMFJ(EXPENDITURE} AND NET MOVEMENT IN FUNDS (3,1115) (3015) 17J96 RECONCILIATiof4 OF FUiYLXS Totsl FJnds brought forward as at 1st April 881341 882,341 864.745 BALAf4CES CARRIED FORWARD AS AT 319¢ MARCH 2(123 878,526 878 882 Ail amounts relate ¢0 ¢¢Xrtinuing activiti￿. 114lzlotho L4mtted BALANCF. SIIEET AS AT 315r P*lARCH 21bll 2023 2022 CURRENT ASSETS Debtors C￿h at Bank 31801 851,125 793,166 91.875 883.926 885.041 CURRF.Nr LIABILrrILS Crediiors- falling due within ¢)n¢ year NET CURRF.NT ￿ETs 878 526 882.341 'rot#l ats¢l$ l¢M current Il*biliti 378.526 882.341 NET ASSETS 882 878 126 ￿41 UNRESTRICTED FUNDS Gcner81 Fund 878.526 882,341 878J26 882J41 For the fIna￿lar year ended 11 March 2023 the Conv￿ wqs entId￿ to exenyion from I￿111 under section 477 of the Compani¢5 Ad 2006 relating to sm&ll companie5. The memb¢rs have nol required the compw to obtsin an audit in acJ))rd8nce with 5edion 476 of the Companie5 Act 2006. The trustees ttcknowleA8e th¢ir responsibilities for complyi08 with the requirements of th¢ Act with re¥￿t to accounting ree<)rd8 gnd the preparation of fin8n¢iaJ ststements. The8¢ financial statements hAYc been prepArvJ in a¢W[d￿ with the prowsioAq applicable to CoMp￿]eS subject to the small ¢omp8nics' re8ime. Approved by the Tntytees 4nd 8uthorised for is5￿ on: BF si 13 Klr# ZG25 Tnthes. Romie Tager, Eslhèr Tager Company number. 03963034 Pag¢ 7 H*tTJxho tAmTted NOTES TO THE F1Tr4ANCIAL STATEMEP FOR THE YEAR Ef4DKD 31ST MARCH 2023 l AccouTrffiNG POLICILS Hatziocho Li]llited is a private ￿Mp￿)Y limited by 8uarallt￿ These fthwial pretwd on agoin8conceTn b&%is. under the his1ori￿1 cost¢oll¥¢ntio The financial 5t2tenKnts have been prcrAred in ru0rd￿ with the Finan¢i8] RetthinB Stsndard Applicable in the UK and Republic pl"Ir¢lartd (FRS 102). The Ctwity 13 a public benefit ￿lity for thc purp05w of FRS 102 and thcrefoTC the Charity also prepgT¢d its fitLarLciAI stat¢ments in accordance with thc Statrymji ofRecornllKndcd P￿tICe appliGabl¢ th cbariues pr¢paring their Accounts in accordanc¢ th¢ Fin￿e121 Rewjrting Standard appli¢8blc it) tbc UK and Republic of ITelalld I'lThe F]L8 102 Chwities SORPI. the Cottwies Aa 2006 and the Charitic5 Ad 2011. The fm8nciai 5tat¢m¢nts are Prwed in sterlin& whi¢h 1$ tr¢ fijodional curTcncy ofth¢ chtirity. mOtxt￿ amounts in these rJnancia] state￿￿nts arr roundol to the nc•rcst r•)und. The principal aceourLtsttg ￿li¢jeS t4Joptyl in the prepfjT￿ of the rmanc1￿ statrr￿￿ts hTe 5¢toui below. Ib) Fund Stru¢¢ure The fjeneT￿ Futld is &fund whi¢hthe Tn]stets Ire free in xcordkntswith th¢ ¢￿11•b]e objects. (¢1 Income All in¢om¢ 1$ reco￿lsed in the Sthtemi of FinaDCLd Actiwtics(SOFAI when the c4)nditiors for Teeeipt have Et¢n mel the rnount 15 mwurahl¢ Nnd t¢¢eipl is probabk. Invt$tm•nt Incom• Invcstmcnt in¢ome is tt¢08n￿td in the SOFA Wh￿ tuYivablL Idl Expenditur¢ Liabiliti￿• are r¢¢ognis¢d &8 cxpcndityjre ￿ s￿n ￿there Li a le￿ or c(WMLai￿ oblig&ion ¢ommirring the charily lo the exp¢nditurc. All cxtthd11u￿ ib for on an 8c¢nwl$ and has bc¢t) clwifjcd undu hcaditt85 thot ￿8a￿l ail co*s Tel&teAI io th¢ ¢awry. The followi08 a¢¢ouniin8 poJicktS &Te 41plied ￿ the diffe¥cni ¢at¢gori¢s of ¢xpenditUTt'. CbArltablt A¢tlvlO¢s Grants paydblc arc reco￿￿$￿1 when they art appDved bythe TruArts Ind ther￿lple￿t of theytht has be continue in OPCTatiorbo1 ¢xiyence forthc fores¢¢•bk fvDJrc. The dthrity thveforc contiThuu to ado￿ the 8tsll￿ concern basis Pa8¢'. 8 H*tsiocho IAmited NOTLS TO THF, FINANCIAL ¥fATEMENrs FOR THE YEAR ENDED 31ST MARCH 2023 I ACCOiINfING POLICIES (ContiDwed) (0 Fin*mei*l initruthettts The charity has clected to apply the provisiixs of Seeti¢m I I 'Basic Fin&neid lttstruMts' of FRS 102 ￿ a]1 of its financial instnjments. Basi¢ fina￿181 8Te iDitsalty at tr8nsa(aion TAlue and subsequently rneasu￿ at their settlement va]ue. (g) Cash and tash e4uiv•lents Cash and cash equivai¢nts in¢lude in haryL d¢w6its Idd 8t call tsth￿ stK)rt.term liquid investment with original maturities of three months or Iw. (b) Key Eslim•t¢s and Judg¢memts In preparing financial ststements it is n￿eSsary to Thke wtain J￿Ig￿￿ts, e4in*ies •nd tssumptions that affect th¢ amounts recA)8Nsed in the finan¢i81 ststements. In the view of the Tn￿S in appI￿.ng the accounting w)li¢i¢5 *tyJ, no judgements wrre required that have * significant effect on th¢ amounts recognised in the financial statcmerts I￿r do any e811m￿ or assumptions made corry significant risk of n￿terial8dJy51rnent in thc next finAncial yar. Pagc.. 9 Hxlzlrfho limited NOTLS TO THE FINANCIAL sfATEMENTS (coNfINUED) FOR THE YKAR ENDED 31ST MARCH 2023 2 tNVESTMENr INCOME 23 2022 In¢om¢ frorn other inv¢sknents 37,760 37,760 3 CHARITABLE AcrivrriES Th¢ ¢harity award￿ don*ions to a n￿llber of iThrytstu¢ions in ffiJrt1X￿ of its clwitabk ￿tivIties. 21123 2022 Briii.%h Friend¥ of Bor 1147n Uniwyrnity Iniernational Beth Din JAMI Jfwish Women's Ald Jneti¢s March UK Nlghiingak Hamm¢rson Nrjnvood United,￿nagOgue 8250 4250 3,000 5.000 3.600 1,000 ,500 5,000 4.95S Grants < £2.500 13.435 6.300 37,490 18.800 Support and govern*￿ costs note 4) Total s.￿0 43,450 1.364 20,164 4 SUPPORT AND GOVF.RNANCE 2023 2022 Gtsvtrnance costs AccOunt￿¢Y Indepermlent examinef fees Audit fe&5 1.800 4.140 1.350 20 5960 1.364 P88e". io H*lzloelJo IAmite41 NOTES TO THE FINAJ¥CIAL STAI'LMENTS (CONTINUED) FOR THE YEAR ENDED Jisr MARCH 21123 5 STAFF COSTS The charrty had no employe¢5 duriD8th¢ year orthe Previou8 wio 6 DEBTOILS 2023 2022 VAT rrfoverable Other d¢btor5 198 792,968 793.166 32.801 7 CREDITORS 2023 2022 Due wlthirt ont yemr A¢crnllls 2.700 2.700 ANALYSIS OF NET ASSETS BETWEEN FUN[ Current yur". General Ful￿ Totsl Fund$ 2023 21123 Current A&8dS DebtOTS Cash & Bank 31801 851,125 32,801 851.125 Creditors due within one year (5.41X)) (5,400) Total 878J26 878,526 Prlor year: Genernl Fund 2022 Totsl Funds 21122 Cu￿ent Assets Debtor5 Cash & Bank 793.166 91,875 793,166 91.875 Creditors due within one y¢4r (17￿) {2.700) Total 882 882J41 B•tzlotho IAmi¢¢d NOTES TO THE D"INANCIAL STATEMENts (CONr￿VED) FOR THE YEAR ELWED 31sr MARCH 2023 9 RELATED PARTY TRANSACTIONS Duringthe yew the charity madc the followin8 rela￿1 party trntLs&#iorts'. Solev Co. Limit¢d The cornpany is related to Solev Co. Limitryj which is controlled by the srK>W ofth¢ Tag¢r family tnthes of Hatzlocho Limite Interest of £39.635 (2W22- £37.760) cjwged to Solev CLI. Limited in the y¢ar. At the balance sheet date th¢ princ1￿ amtyjnt of the lo￿ ￿ Solev Co. tAd been repaid. There is outst8ndtng inier&st of £32,603 due (2022- the Outs￿Ing debt w&s £792.9611. Th4 Brldsh Friends of UDiv¢nity Durin8 the year the charity made grants of £8250 (2022: £nil) to British Fri¢Tv15 of Bar Ilan University. Mr R Ta8er is a t￿￿te¢ of British Fricnd5 of Bar I1￿ University. 10 TtL41YSACTIONS wrrH TRUSTEES No Trustees received remuner&ion during the ye4r OT the PTior yetr. No alp￿13¢5 wrre reirnbursed to tnA￿etS in the current or prior year. I I COMPANY STATUS Th¢ Charity is a company limi*d by gu8t8tr and has ￿ shAre capitsl. In the event of the ch8rity being wound up, the li4bility in reSp￿t of the guaran￿ is limited to £1 per mEmlxr ofthe dwrity. 12 CONI'INCENT LIABII.ITY 'I'her¢ is on ongoin¥ I IMRC etwuiry into the charity'5 aff¥ir5. As the ewuiry is orgoing the fina] outcome is unvcrtairt and at thi5 Sta8¢ any wJten¢l￿ ￿ldi￿onal liabilities, which could irtelude penHItiLS. are noi m¢&surable. Pa8e.' 12