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2024-03-31-accounts

COMPANY REGISTRATION NUMBER: 04001168 CHARITY REGISTRATION NUMBER: 1085965

BIKUR CHOLIM LTD

Company Limited by Guarantee FINANCIAL STATEMENTS

31 MARCH 2024

COHEN ARNOLD

Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

PAGES
Trustees' annual report (incorporating the director's report) 1 to 12
Independent auditor's report to the members 13 to 17
Statement of financial activities (including income and expenditure
account) 18
Statement of financial position 19
Statement of cash flows 20
Notes to the financial statements 21 to 30

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)

YEAR ENDED 31 MARCH 2024

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2024.

Chair's report

Change a Life. Change a World.

Every day, countless people receive a life altering diagnosis of illness. Although the impact for each of them will be different, all of them share the overwhelm, the helplessness, the loneliness and other feelings of loss, suffering and pain. Every day, there are people in our community whose lives are forever changed by the small and large acts of support and kindness which Bikur Cholim provides. A warm meal, a friendly visit, a car ride to hospital are just some of the things that we do that make life changing differences and bring lasting feelings of comfort and relief. In these times of financial challenge when the demand continues to increase in the face of decreasing income, we have diversified our approach and increased our volunteers and the activities they provide. It is inspirational and heart-warming to witness the dedication of our volunteers which no doubt is influenced by the staff who manage them and the excellent leadership of our full management team. Special thanks to the donors and supporters of Bikur Cholim who recognise the value of investing in Bikur Cholim where the return on investment is immeasurable.

cme Jacob M Grosskopf Chair

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)

(continued)

YEAR ENDED 31 MARCH 2024

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Bikur Cholim Ltd Charity registration number 1085965 Company registration number 04001168 Principal office and registered Ground Floor office 2a Northfield Road London N16 5RN THE TRUSTEES Mr J M Grosskopf Mr R Grusgott Mr A Oberlander Mr S Rand

PATRONS

Dr D Landau Mbbs Mrcp Frcr Prof S Stanton Frcs Frcoog Lady L Winston

MEDICAL ADVISORY BOARD

Dr Yossie Adler Dr Ghazal Afzal Prof Michael Baum Prof Michael Besser Dr Simon Cohen Dr Michael Fertleman Dr Peter Freedman Prof Anthony Goldstone Dr Stephen Herman Dr Mervyn Jaswon Mr Eli Kernkraut Dr David Landau Dr Jeremy Pfeffer Dr Jeremy Rees Prof StuartStanton

Company secretary

Company secretary Mrs R Cohen Auditor Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Bikur Cholim Ltd is a Company Limited by Guarantee not having a Share Capital. It is registered as a charity with the Charity Commission (Number 1085965).

Bikur Cholim Ltd's governing instruments are its Memorandum and Articles of Association as amended by a Special Resolution.

Appointment of trustees

The trustees (as directors for company law purposes) may at any time co-opt any individual who is qualified to be appointed as a trustee to fill a vacancy in their number or as an additional trustee.

Sub committees

The organisation has four subcommittees which meet on a monthly basis and report to the full board of trustees on bi-monthly basis.

SUBCOMMITTEE CHAIR 1. Mental Health R Grussgott 2. Adults and Older People S Rand 3. Children & Families a Oberlander 4. Finance J M Grosskopf

Trustee induction and training

New trustees are subject to an enhanced CRB disclosure and receive our Trustee Induction Training which includes an understanding of the content of the Memorandum and Articles of Association, their legal obligations under charity act and company law, the organisational structure of Bikur Cholim Limited and the recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events which enhance their knowledge and skill thereby improving the performance of of their role.

Organisation

The trustees are responsible for governance of the organisation, and the Chair and Treasurer are active in all operational aspects of strategic management. The day to day affairs of the charity are run by its trustees supported by several administrative staff.

Risk factors

The Charity has assessed the major risks to which the Charity is exposed in particular those to the operations and finances of the Charity as detailed in our Business Continuity Plan, and is satisfied that systems are in place to manage its exposure to those risks.

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

OBJECTIVES AND ACTIVITIES FOR THE BENEFIT OF THE PUBLIC

Bikur Cholim's mission is to relieve the effects of sickness, poor physical and mental health and old age, for people of the community in North London by assisting with the provision of support, facilities, services and housing related support.

Our Vision:

To be alongside patients and families on their journey through the dark tunnel of illness and bring sparks of light on the way.

Established in 1979 in response to a local tragedy, Bikur Cholim was founded to ensure that no person would have to battle the challenges of illness and disability on their own. More than four decades since we were first established, our commitment to this ideal remains as principal as ever.

Although there is not much that can be done to prevent illness, there is a lot that can be done to reduce the pain that accompanies it. Bikur Cholim's values of person-centred services and attitudes of respect, dignity and sensitivity as well as our unstinting commitment to confidentiality have enabled us to meet the individual needs of each of our service users.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.

Policies and Procedures

Bikur Cholim's extensive range of policies and procedures are continuously developed and reviewed and the organisation is committed to ensuring that all its activities and operations are conducted in accordance with its policies and procedures. This includes our Environmental Policy, Business Continuity Plan and Safeguarding Vulnerable Adults and Children Policy. The Management committee are ultimately responsible for ensuring that all staff are aware of the policies and that these are implemented accordingly.

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

ACHIEVEMENTS AND PERFORMANCE

FACTS AND FIGURES FOR 2023-24

Who we have helped this year

Services in 2023-24

Our Team

447 volunteers

CARE AND SUPPORT SERVICES

Home Care

Bikur Cholim is registered as a Domiciliary Care provider with Care Quality Commission (CQC) to provide Homecare and Nursing Care.

We are the 'Preferred Primary Provider' for Hackney Council for Homecare for Adults and Older People of the Charedi Community. We are also approved providers for the Disabled Children's Team, and NHS Continuing Health Care by NEL.

All Bikur Cholim's home care workers are inducted using the Skills for Care induction program and receive ongoing training to ensure that they deliver person centred care in a way which promotes, sensitivity, dignity and respect.

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

Within the community, we currently provide for the a number of genres and have the necessary skills and experience to specifically meet the needs of those requiring specialist services including:

Bikur Cholim is committed to paying all its care workers the London Living Wage which demonstrates how much we value our staff and the important work they are doing and reflects the high standards of care provided.

Highlight: Digitalising of Care Records

In line with our commitment to providing the highest levels of care, we are now using Birdie, a cutting-edge software solution that allows for real time reporting and monitoring of all care visits. All carers have to clock in their arrival and departure time for each visit as well as report on the wellbeing of the patient and tasks completed, in real time. This makes it possible for us to monitor what is happening remotely and to ensure the safety of our patients. Within 6 months of using this new system we have achieved an average score of 3.5 (out of 4) on CQC's rating system for homecare providers.

Case Management and Family Support

The role of the support worker has been an integral and fundamental underpinning to the service. Bikur Cholim's services are organised across three departments: Adults and Older People Children and Families

Mental Health

Each department is led by a department manager who is triages all calls and assigns each case to a suitable support worker. The support worker is the point of contact for the individual / family and makes and assessment and develops a personalised package of care and support which combines emotional support with practical services. All our support workers have been trained in the FAMILY framework which a 6-stage intervention with a focus on empowerment and independence which are the ultimate goals of the support we provide.

F - Finding out

A - Agreed Goals

M - Mapping

I - Intervening

L - Looking for Difference

Y - Your Plan

The department managers provide FAMILY focused supervision and ongoing support and this theme is also the approach used in peer led supervision and team meetings.

Our support workers benefit from a rigorous training program which includes specialist items of interest including: Adult and Children's Safeguarding, Benefits Update, Understanding Dementia, and Supporting People with Long Term Illness.

Highlight - Our training program this year featured two new areas of interest:

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

PROMOTING CULTURAL AWARENESS

The Orthodox Jewish community, often called Charedi, has distinctive religious and cultural needs and we are aware that raising awareness of these needs results in increased understanding, improved communication and a better working partnership between providers and the community.

PEER SUPPORT GROUPS

Our peer support groups meet regularly providing a safe space where people use their own experiences to help others in similar circumstances feel accepted and understood.

  1. Support Group for people with MH

  2. Support Group for Young People with Diabetes

  3. Support Group for parents of Children with Hearing Loss

  4. Support Group for parents of Children with ADHD (Attention Deficit Hyperactivity Disorder).

  5. Support Group for patients with Parkinson's disease

  6. Support Group for carers of older people with dementia.

Advocacy

Bikur Cholim is a delivery partner for Rethink Advocacy in Hackney. We support people who may be marginalised to speak up, understand their rights and make choices by providing independent, confidential advocacy about how to access and engage with services, rights and how to exercise rights, complaints procedure and getting legal support.

Stigma, isolation and inequality are some of the biggest challenges faced by people with learning disabilities, mental health problems, and dementia. We are working with people to address these challenges.

We believe that when an individual has a voice, understands their rights and makes choices, real change can happen. And that everyone has the right to influence decisions affecting their lives.

"I would like to record my appreciation to you and your colleagues for the way in which you have facilitated communication between me and my client. As you know, she and all her family are severely affected by ill health and without your kind assistance, communication with her would have been much more difficult, which would have been greatly to her detriment. I commend your organisation for all the wonderful work that it does." David Sonn, Solicitor

IAPT Talking Therapies Service

Our Therapy Service provides psychological help and support to adults, carers and families who are experiencing emotional difficulties in their everyday wellbeing.

The service benefits from a professional structure and is staffed by highly qualified clinicians providing evidence based, outcome focused psychological therapies including CBT and IPT. Dr Jenny Taylor, our clinical lead, provides clinical oversight and supervision to our team of 15PT therapists. Our Admissions and Reviews Panels take place weekly and all treatments are provided in our purposely designed Therapies Unit.

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

Our treatment rooms are furnished to a high standard and are comfortable and airy making the setting conducive to the therapeutic process.

We have achieved BACP Service Accreditation which demonstrates the high quality of the service and its commitment to competence.

As an approved IAPT provider, delivering a culturally specific IAPT service for the Charedi community which is being commissioned by City and Hackney CCG we have exceeded national recovered rates and have achieved the highest recovery rates out of 44 London IAPT providers. As part of the City and Hackney CCG Psychological Therapies and Wellbeing Alliance, we are important partners in improving the Psychological Therapies offer across the borough and work closely with the CCG, GPs, and other statutory and voluntary partners including ELFT, Homerton Hospital, MIND, Derman, Hackney Volunteer Centre and the Tavistock. We are also partners in the Wellbeing Network, a City and Hackney Partnership, led by MIND to provide culturally specific Mental Health Support.

Our expanded Talking Therapies Service now include a Low Intensity Service.

CBT Coaching - Guided Self Help through a structured set of sessions delivered by specially trained CBT coaches to help with understanding and self-management of low levels of anxiety and depression. This is particularly suited for people who do not meet the criteria for High Intensity service or are on a waiting list.

We have partnered with mainstream services including ELFT (East London Foundation Trust) to deliver co-facilitated psycho educational groups for people with mild to moderate anxiety and depression. We have delivered these sessions on areas of special interest including Depression, Personality Disorder, Psychosis and Post Natal Depression.

In addition to our IAPT service which is designed for mild to moderate MH needs, we have developed a Psychology Service for Complex Cases. In response to need, we have expanded our MH service to provide psychology for people with SMI (Severe Mental Illness). The service is delivered by a Clinical Psychologist (Band 8) and works in partnership with ELFT, who make referrals and share the clinical oversight as part of a multi-disciplinary team approach. In order to facilitate joint working, our clinical psychologist has been provided with an Honorary Contract by ELFT which means smoother access to joint records and reporting systems. The pilot has worked with 8 clients all of whom have achieved significant outcomes including avoidance of hospital admissions and we are now seeking support to integrate this service within our MH service offer and are seeking recurring funding from the PTA.

Highlight: To manage increased demand, we have obtained additional premises for our therapy service and now have the use of three therapy rooms on the first floor of Stamford Hill Library.

Highlight: SibLink - a peer support group for siblings of individuals with serious mental health conditions has been developed by siblings and teachers to offer support. They produce periodical newsletters filled with insights from siblings who truly understand and also deliver thoughtful gifts for special occasions.

Highlight: Last year we launched, "Heads Up", a mental health awareness magazine. The magazine has made waves and this year's edition features submissions by readers, many of whom have bravely shared their personal experiences which has greatly enhanced this publication.

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

HOSPITAL TRANSPORT

Travelling to hospital via public transport can be an enormous challenge for those who are ill, frail or travelling with young children. Bikur Cholim's car voucher system, which pays for hospital transport, ensures that the journey to hospital is as smooth as possible and gives people the feeling that Bikur Cholim is with them all the way.

MEALS SERVICE

The Meals Service provides warm nutritious meals daily which are cooked and delivered by volunteers, for people who are unwell and unable to prepare their own meals. We also provide meals for older people, carers and families and the meals provide them with sense of stability both nutritionally and emotionally.

Highlight: In addition to our meals service, we've added Cakes and Challohs. Every Friday, our volunteers deliver, a fresh selection of beautiful and tasty home baked cakes and challos adding the finishing touch to our Shabbos meals service.

SHORT BREAKS

For families experiencing illness, a short seaside break can provide a welcome respite an opportunity to recharge. We are grateful to our partners at Menuchas Reisel who own and manage a one bedroom luxury flat in Bournemouth which can be booked for weekends or mid-week stays for two.

THE EXTRA TOUCH

Besides the full menu of services, we know that sometimes it's the extra touch that can make all the difference. That's why we never lose sight of the little joys which can brighten the day. Flowers, massages, birthday cakes, tickets to community events, a restaurant meal are just some of the special gifts which we send to let people know that we are thinking of them and feeling for them, when they need it most.

We also have a Magic Box service, which provides special gifts and treats to kids such as games, toys and trips to children and young people affected by illness.

VOLUNTEERS

Volunteering is the bedrock of Bikur Cholim's activities and remains at the heart of the organisation. Our work with the most vulnerable members of the community supports the evidence that social isolation presents serious risks to health and wellbeing.

We are very proud to have achieved and maintained the Investing In Volunteers quality mark. This is the UK quality standard for organisations which involves volunteers in their work. It provides the tools to organisations to comprehensively review their volunteer management and publicly demonstrates their commitment to volunteering.

Bikur Cholim's volunteer coordinators recruit, train and support our growing team of volunteers and manage our volunteer project. This includes:

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

Hospital Respite Service - Our volunteers now provide respite to parents of babies and young children who cannot be left alone in hospital. This allows parents to return home, often to their other children to recharge, secure in the knowledge that their children will receive one to one care and attention by our dedicated volunteers.

Young Volunteers

Chasdei Hindy is a volunteer project for with more than 100 young volunteers providing weekly sessions of practical assistance to families with young children with childcare tasks including play, mentoring and support with homework.

The project is managed by a dedicated Volunteer Coordinator who provides induction and training with a special emphasis on Safeguarding and the volunteers also benefit from ongoing supervision.

The volunteers have enjoyed exciting reward activities celebrating volunteer achievements including a trip to the beach and a magic performance.

Trauma And Crisis Support

Following a spate of tragic fatalities in the community, we identified a need for specialist Crisis Support to provide immediate support in the aftermath of a traumatic event such as a sudden death or road accident. In partnership with Chai Lifeline, New York, who provided the initial training to our team of 18 volunteers, the service is available to provide short term crisis intervention to individuals and families. The service also offers guidance and resources to schools and wider networks in responding to traumatic situations including bereavement. The model which focuses on building resilience has dramatically reduced the long-term effects of trauma by giving victims the tools to discover their own strengths and empower them with the skills to continue managing post intervention.

Volunteer Value

The charity continues to benefit from very significant volunteer input. 452 regular volunteers provide a total of at least 10,848 hours per year. Our paid staff have not collected payment for 1076 hours worked overtime. Even if valued very modestly at an average of £12.00 per hour, the value of volunteer time to the charity is £143,088 this year.

FUTURE PLANS

Day Services

In line with Hackney's Vision for Day Services, we will be setting up Day and Evening opportunities which will enable people to live a good quality of life, promoting and encouraging people to stay as healthy and independent as possible. The service will be time-limited and oriented towards education and employment.

Connect Call

Following the tragic death of a single man living on his own, which was only discovered several days later, we were approached by friends who wanted to set up a call monitoring system to keep people

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

safe whilst maintaining their independence. Although there are a number of existing systems like panic buttons and alarms for people who are at risk, this is generally used for people who are frail or seen to be at risk. For single people in good health, this is an unlikely option. In response to this newly identified need, we are working with IT experts to develop a Call System with automated daily check ins which alerts a named key holder when contact is not established. This arrangement is not foolproof as there may still be many hours before an alert is made that the person needs help but it may be a compromise for people who do not want to receive a daily welfare check or use a traditional panic button system. We are in the final stages of developing this system which we hope will reduce number of of deaths and serious incidents for people living on their own.

FINANCIAL REVIEW

Reserves policy

The trustees are of the opinion that the level of available reserves held by the charity should be able to cover the costs of three to six months running costs excluding the cost of the provision of commissioned care services. Currently six months running costs amounts to approximately £932,824. As of 31 March 2024, the available reserves of the charity were £741,001 which is the equivalent of almost 5 months running costs.

As at 31 March 2024, the charity had £716,856 unrestricted funds of which £69,401 was fixed assets and £102,455 restricted funds of which £8,909 was fixed assets and £93,546 was current assets.

Investment policy

Under the memorandum and articles of association, the charity has the power to make any investment which the trustees see fit. The trustees regularly review the charity's position and needs with respect to the investment policy.

TRUSTEES' RESPONSIBILITIES STATEMENT

The trustees, who are also directors for the purposes of company law, 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).

Company law 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 charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.

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

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

TRUSTEES' ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (continued)

YEAR ENDED 31 MARCH 2024

AUDITOR

Each of the persons who is a trustee at the date of approval of this report confirms that:

The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on 18 December 2024 and signed on behalf of the board of trustees by:

Mr A Oberlander Trustee

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIKUR CHOLIM LTD

YEAR ENDED 31 MARCH 2024

OPINION

We have audited the financial statements of Bikur Cholim Ltd (the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account), 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:

BASIS FOR OPINION

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

CONCLUSIONS RELATING TO GOING CONCERN

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

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity'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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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIKUR CHOLIM

LTD (continued)

YEAR ENDED 31 MARCH 2024

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.

OPINIONS ON OTHER MATTERS PRESCRIBED BY THE COMPANIES ACT 2006

In our opinion, based on the work undertaken in the course of the audit:

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 Companies Act 2006 requires us to report to you if, in our opinion:

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIKUR CHOLIM

LTD (continued)

YEAR ENDED 31 MARCH 2024

RESPONSIBILITIES OF TRUSTEES

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) 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.

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:

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIKUR CHOLIM

LTD (continued)

YEAR ENDED 31 MARCH 2024

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:

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BIKUR CHOLIM

LTD (continued)

YEAR ENDED 31 MARCH 2024

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 Chapter 3 of Part 16 of the Companies Act 2006. 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.

DAVID GOLDBERG (Senior Statutory Auditor)

New Burlington House 1075 Finchley Road LONDON NW11 0PU

For and on behalf of Cohen Arnold Chartered accountants & statutory auditor

18 December 2024

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BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MARCH 2024

2024 2023
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 5 487,635 1,392,004 1,879,639 1,797,361
Charitable activities 6 2,155,435 – 2,155,435 1,752,930
Investment income 7 3,932 – 3,932 743
───────────── ───────────── ───────────── ─────────────
Total income 2,647,002 1,392,004 4,039,006 3,551,034
═════════════ ═════════════ ═════════════ ═════════════
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 8 (43,374) – (43,374) (179,786)
Expenditure on charitable activities 9,10 (2,645,147) (1,332,561) (3,977,708) (3,560,405)
───────────── ───────────── ───────────── ─────────────
Total expenditure (2,688,521) (1,332,561) (4,021,082) (3,740,191)
═════════════ ═════════════ ═════════════ ═════════════
───────────── ───────────── ───────────── ─────────────
Net income/(expenditure) and net
movement in funds (41,519) 59,443 17,924 (189,157)
═════════════ ═════════════ ═════════════ ═════════════
Reconciliation of funds
Total funds brought forward 758,375 43,012 801,387 990,544
───────────── ───────────── ───────────── ─────────────
Total funds carried forward 716,856 102,455 819,311 801,387
═════════════ ═════════════ ═════════════ ═════════════

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

The notes on pages 21 to 30 form part of these financial statements.

- 18 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 MARCH 2024

2024 2023
Note £ £ £
Fixed assets
Tangible fixed assets 15 78,310 137,925
Current assets
Debtors 16 374,458 292,586
Cash at bank and in hand 654,793 675,271
───────────── ──────────
1,029,251 967,857
Creditors: amounts falling due within one year 17 (288,250) (304,395)
───────────── ──────────
Net current assets 741,001 663,462
────────── ──────────
Total assets less current liabilities 819,311 801,387
────────── ──────────
Net assets 819,311 801,387
══════════ ══════════
Funds of the charity
Restricted funds 102,455 43,012
Unrestricted funds 716,856 758,375
────────── ──────────
Total charity funds 18 819,311 801,387
══════════ ══════════

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

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

eer Mr J M Grosskopf Trustee

The notes on pages 21 to 30 form part of these financial statements.

- 19 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2024

2024 2023
£ £
Cash flows from operating activities
Net income/(expenditure) 17,924 (189,157)
Adjustments for:
Depreciation of tangible fixed assets 37,471 41,054
Other interest receivable and similar income (3,932) (743)
Accrued expenses/(income) 11,002 (746)
Changes in:
Trade and other debtors (81,872) 137,975
Trade and other creditors (27,147) 61,277
───────── ──────────
Cash generated from operations (46,554) 49,660
Interest received 3,932 743
───────── ─────────
Net cash (used in)/from operating activities (42,622) 50,403
═════════ ═════════
Cash flows from investing activities
Purchase of tangible assets – (24,605)
Proceeds from sale of tangible assets 22,144 –
───────── ─────────
Net cash from/(used in) investing activities 22,144 (24,605)
═════════ ═════════
Net (decrease)/increase in cash and cash equivalents (20,478) 25,798
Cash and cash equivalents at beginning of year 675,271 649,472
────────── ──────────
Cash and cash equivalents at end of year 654,793 675,270
══════════ ══════════

The notes on pages 21 to 30 form part of these financial statements.

- 20 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

1. GENERAL INFORMATION

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Ground Floor, 2a Northfield Road, London, N16 5RN.

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 Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

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

The financial statements are prepared in sterling, which is the functional currency of the entity.

The charity meets the definition of a public benefit entity under FRS102.

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.

The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Fund accounting

Unrestricted funds

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

Restricted funds are funds subject to specific restricted conditions imposed by donors.

- 21 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES (continued)

Incoming resources

These are included in the statement of financial activities (SOFA) when:

the charity becomes entitled to the reources;

it is probable the charity will receive the resources; and

the monetary value can be measured with sufficient realiability

Grants and donations

Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resources. Donations represent voluntary amounts received during the year.

Expenditure

Expenditure is charged on an accrual basis and allocated to the appropriate headings in the accounts.

The majority of costs are directly attributable to specific activities. Costs incurred in respect of the charitable activities include elements of staff costs and attributable support costs.

Support costs

Support costs are those costs which are common to all areas of the organisation. These are allocated across all areas of activity on the basis of the number of service users for each activity.

Governance costs

Governance costs are associated with the governance arrangements of the charity and relate to the general running of the charity. These costs include audit, legal advice for trustees and costs associated with meeting constitutional and statutory requirements such as the cost of trustee meetings and the preparation of the statutory accounts.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Fixed assets

All fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold refurbishment - Over remaining number of years (expires in 2026) Equipment, Fixtures & Fittings - 25% reducing balance Database - 10% straight line

- 22 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 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. LIMITED BY GUARANTEE

The charity is a company limited by guarantee and has no share capital. The liability of each trustee in the event of winding up is limited to £1.

5. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Donations
Grants and Donations 487,635 1,392,004 1,879,639
══════════ ═════════════
═════════════
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Donations
Grants and Donations 673,884 1,123,477 1,797,361
══════════ ═════════════
═════════════

- 23 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

5. DONATIONS AND LEGACIES (continued)

Unrestricted Unrestricted Restricted
Funds 2024 Funds 2024 Total Funds Total Funds
2024 2023
£ £ £ £
Arbib Lucas Fund - 2,491 2,491 2,408
BAME Advice Worker Grant - 45,000 45,000 -
Big Lottery Fund - - - 50,938
Delapage - 106,000 106,000 53,424
Children Centres - 15,120 15,120 15,120
City & Hackney CCG - - - 19,817
City & Hackney MIND - 86,742 86,742 73,248
City & Hackney Psychological
Therapies - 311,872 311,872 271,003
Conference for Material Claims against
Germany - 271,325 271,325 236,997
Holiday Grants - 27,522 27,522 30,675
Independent Age - Rubka - 20,000 20,000 -
Jewish Temporary Shelter - 4,749 4,749 9,882
London Borough of Hackney - 45,342 45,342 63,201
London Borough of Haringey - Area
Based Grants - 30,000 30,000 30,000
London Propel - New Deal for Young
People - 124,727 124,727 -
Maurice Wohl Foundation - 100,000 100,000 103,500
The Power to Change - 12,000 12,000 -
Riverside Group Plc - 186,874 186,874 150,000
The Advocacy Project - 2,240 2,240 10,764
Fundraising and donations 455,082 - 455,082 653,043
Other 32,553 - 32,553 23,341
──────────
─────────────
─────────────		 ─────────────
Total 487,635 1,392,004 1,879,639 1,797,361
══════════
═════════════
═════════════		 ═════════════
6. CHARITABLE ACTIVITIES
Unrestricted Total Funds Unrestricted Total Funds
Funds 2024 Funds 2023
£ £ £ £
Fees for Care Services 2,155,435 2,155,435 1,752,930 1,752,930
═════════════
═════════════
═════════════		 ═════════════

- 24 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

6. CHARITABLE ACTIVITIES (continued)

Fees were received from the following Government and public bodies:

Unrestricted Restricted Total Total Funds
Funds 2023 Funds 2023 Funds 2023 2022
£ £ £ £
London Borough of Hackney 1,520,999 –
1,520,999		 1,197,228
City & Hackney Primary Care Trust 277,917 –
277,917		 223,694
London Borough of Haringey 135,691 –
135,691		 105,054
Users Fees 220,828 –
220,828		 226,954
─────────────
────
─────────────
─────────────
Total Fees For Care Services 2,155,435 –
2,155,435		 1,752,930
═════════════
════
═════════════
═════════════
7. INVESTMENT INCOME
Unrestricted Total Funds
Unrestricted		 Total Funds
Funds 2024
Funds		 2023
£ £ £ £
Bank interest receivable 3,932 3,932
743		 743
═══════
═══════
════
════
8. COSTS OF RAISING DONATIONS AND LEGACIES
Unrestricted Total Funds
Unrestricted		 Total Funds
Funds 2024
Funds		 2023
£ £ £ £
Costs of raising donations and legacies
- Donations 43,374 43,374
179,786		 179,786
═════════
═════════
══════════
══════════

- 25 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

9. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE

Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Care & Support Services 2,102,356 533,119 2,635,475
Mental Health Support Services 97,765 582,568 680,333
Carers Support 11,462 – 11,462
Volunteer Programme 121,925 – 121,925
Supporting People 4,216 216,874 221,090
Support costs 307,423 – 307,423
───────────── ─────────────
─────────────
2,645,147 1,332,561 3,977,708
═════════════ ═════════════
═════════════
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Care & Support Services 1,861,294 560,074 2,421,368
Mental Health Support Services 162,738 346,751 509,489
Carers Support 45,711 – 45,711
Volunteer Programme 19,571 70,755 90,326
Supporting People 362 180,000 180,362
Support costs 313,149 – 313,149
───────────── ─────────────
─────────────
2,402,825 1,157,580 3,560,405
═════════════ ═════════════
═════════════

10. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE

Activities

Activities
undertaken Total funds Total fund
directly Support costs 2024 2023
£ £ £ £
Care & Support Services 2,635,475
212,886		 2,848,361 2,648,560
Mental Health Support Services 680,333
56,227		 736,560 557,334
Carers Support 11,462
948		 12,410 50,004
Volunteer Programme 121,925
10,077		 132,002 98,808
Supporting People 221,090
18,272		 239,362 197,299
Governance costs –
9,013		 9,013 8,400
─────────────
──────────		 ───────────── ─────────────
3,670,285
307,423		 3,977,708 3,560,405
═════════════
══════════		 ═════════════ ═════════════

- 26 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

11. ANALYSIS OF SUPPORT COSTS

ANALYSIS OF SUPPORT COSTS
Other Office
Costs Total 2024 Total 2023
£ £ £
Care & Support Services 212,886 212,886 226,600
Mental Health Support Services 56,227 56,227 48,210
Carers Support 948 948 4,325
Volunteer Programme 10,077 10,077 8,547
Supporting People 18,272 18,272 17,067
Governance Costs 9,013 9,013 8,400
────────── ────────── ──────────
307,423 307,423 313,149
══════════ ══════════ ══════════
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2024 2023
£ £
Depreciation of tangible fixed assets 37,471 41,054
Fees payable for the audit of the financial statements 9,013 8,400
Staff pension contributions 25,695 21,240
Operating lease costs: land and buildings 50,000 50,000
═════════ ═════════

12. NET INCOME/(EXPENDITURE)

13. STAFF COSTS

The average head count of employees during the year was 145 (2023: 148).

The total staff costs and employee benefits for the reporting period are analysed as follows:

2024 2023
£ £
Wages and salaries 1,869,131 1,719,910
Social security costs 105,528 93,894
Employer’s pension contributions 25,695 21,240
───────── ─────────
2,000,354 1,835,044
═════════ ═════════

The number of employees whose remuneration for the year fell within the following bands, were:

2024 2023
No. No.
£60,000 to £69,999 1 1
════ ════

Key Management Personnel

Key management personnel include all persons that have authority and responsibility for planning, directing and controlling the activities of the charity. The total compensation paid to key management personnel for services provided to the charity was £64,321 (2023:£64,321).

14. TRUSTEE AND KEY MANAGEMENT REMUNERATION AND EXPENSES

There was no remuneration paid to the trustees. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.

- 27 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

15. TANGIBLE FIXED ASSETS

15. TANGIBLE FIXED ASSETS
Land and Fixtures and User defined
buildings fittings asset Total
£ £ £ £
Cost
At 1 April 2023 474,709 85,291 24,605 584,605
Disposals – – (24,605) (24,605)
────────── ───────── ───────── ──────────
At 31 March 2024 474,709 85,291 – 560,000
══════════ ═════════ ═════════ ══════════
Depreciation
At 1 April 2023 372,399 71,820 2,461 446,680
Charge for the year 34,103 3,368 – 37,471
Disposals – – (2,461) (2,461)
────────── ───────── ───────── ──────────
At 31 March 2024 406,502 75,188 – 481,690
══════════ ═════════ ═════════ ══════════
Carrying amount
At 31 March 2024 68,207 10,103 – 78,310
══════════ ═════════ ═════════ ══════════
At 31 March 2023 102,310 13,471 22,144 137,925
══════════ ═════════ ═════════ ══════════
16. DEBTORS
2024 2023
£ £
Trade debtors 374,458 292,586
══════════ ══════════
17. CREDITORS: amounts falling due within one year
2024 2023
£ £
Trade creditors 105,747 139,861
Accruals and deferred income 148,984 137,982
Social security and other taxes 26,941 20,958
Other creditors 6,578 5,594
────────── ──────────
288,250 304,395
══════════ ══════════

- 28 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

18. ANALYSIS OF CHARITABLE FUNDS

Unrestricted funds

Unrestricted funds
At At 31 March
1 April 2023 Income Expenditure 2024
£ £ £ £
General funds 758,375 2,647,002 (2,688,521)
716,856
══════════ ═════════════ ═════════════ ══════════
At At 31 March
1 April 2022 Income Expenditure 2023
£ £ £ £
General funds 913,429 2,427,557 (2,582,611)
758,375
══════════ ═════════════ ═════════════ ══════════
Restricted funds
At At 31 March
1 April 2023 Income Expenditure 2024
£ £ £ £
Restricted funds 43,012 1,392,004 (1,332,561)
102,455
═════════ ═════════════ ═════════════ ══════════
At At 31 March
1 April 2022 Income Expenditure 2023
£ £ £ £
Restricted funds 77,115 1,123,477 (1,157,580)
43,012
═════════ ═════════════ ═════════════ ═════════
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total Funds
Funds Funds 2024
£ £ £
Tangible fixed assets 69,401 8,909 78,310
Current assets 935,705 93,546 1,029,251
Creditors less than 1 year (288,250) – (288,250)
────────── ────────── ─────────────
Net assets 716,856 102,455 819,311
══════════ ══════════ ═════════════
Unrestricted Restricted Total Funds
Funds Funds 2023
£ £ £
Tangible fixed assets 94,913 43,012 137,925
Current assets 967,857 – 967,857
Creditors less than 1 year (304,395) – (304,395)
────────── ───────── ──────────
Net assets 758,375 43,012 801,387
══════════ ═════════ ══════════

19. ANALYSIS OF NET ASSETS BETWEEN FUNDS

- 29 -

BIKUR CHOLIM LTD

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 MARCH 2024

20. ANALYSIS OF CHANGES IN NET DEBT

ANALYSIS OF CHANGES IN NET DEBT
At
At 1 Apr 2023 Cash flows 31 Mar 2024
£ £ £
Cash at bank and in hand 675,271 (20,478)
654,793
══════════ ═════════ ══════════
OPERATING LEASE COMMITMENTS
The total future minimum lease payments under non-cancellable operating leases are as follows:
2024 2023
£ £
Not later than 1 year 50,000 50,000
Later than 1 year and not later than 5 years 70,833 120,833
────────── ──────────
120,833 170,833
══════════ ══════════

21. OPERATING LEASE COMMITMENTS

22. RELATED PARTIES

No transactions with related parties were undertaken such as are required to be disclosed.

- 30 -