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2022-11-30-accounts

Company Registration Number - 5960896 Charity Registration Number - 1117850

ZOREYA TZEDOKOS LIMITED

Report and Accounts

30 November 2022

B Olsberg & Co Chartered Accountants & Statutory Auditor Enterprise House 3 Middleton Road Manchester M8 5DT

ZOREYA TZEDOKOS LIMITED

Report and accounts for the year ended 30 November 2022

Contents

Page
Trustees' Annual Report 1
Statement of directors' responsibilities 7
Independent Auditors' Report 9
Funds Statements:-
Statement of Financial Activities 13
Statement of Resources 14
Movements in funds 14
Income and Expenditure Account 15
Balance sheet 16
Cash flow statement 17
Notes to the accounts 19

ZOREYA TZEDOKOS LIMITED

Company Registration Number - 5960896

Trustees' Annual Report for the year ended 30 November 2022

The Trustees present their Report and Accounts for the year ended 30 November 2022, which also comprises the Directors' Report required by the Companies Act 2006.

Reference and administrative details

The charity name.

The legal name of the charity is:- ZOREYA TZEDOKOS LIMITED.

The charity is also known by its operating name, Zoreya Tzedokos.

The charity's areas of operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1117850.

.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a company limited by guarantee, registered under the Companies Acts The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.

The governing document is dated 09 October 2006

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

By operation of law, all trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.

The trustees are all individuals.

1

ZOREYA TZEDOKOS LIMITED

Company Registration Number - 5960896

Trustees' Annual Report for the year ended 30 November 2022

The principal operating address of the charity is:-

52 Symons St Salford, Manchester, M7 4AP

The registered office of the charity for Companies Act purposes is:-

Enterprise House 3 Middleton Rd, Manchester, M8 5DT

The Trustees in office on the date the report was approved were:-

L Tauber Y Wosner S Gluck

The following persons served as Trustees during the year ended 30 November 2022 :-

The trustees who served as a trustee in the reporting period were as shown above. There were no changes in the period between the year end and the approval of the accounts.

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The charity is constituted as a company limited by guarantee and is therefore governed by its memorandum and articles of association. The Trustees wish to support all worthy orthodox Jewish causes and the Charity achieves its objects by making grants and distributing mainly to Jewish education and religious organisations both in the UK and abroad. To this end the charity runs a charity voucher scheme.

2

ZOREYA TZEDOKOS LIMITED

Company Registration Number - 5960896

Trustees' Annual Report for the year ended 30 November 2022

The main activities undertaken in relation to those purposes during the year.

The Charity operates a charity fund voucher account, whereby it receives donations and Gift Aid. It then distributes its funds according to requests and applications received.

The charity is organised so that the trustees meet regularly to manage its affairs. The charity does not employ any staff or use voluntary assistance. Administration of the charity is dealt with by the trustees.

The main activities undertaken during the year to further the charity's purpose for the public benefit.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charitable Trust’s aims and objectives and in planning future activities and setting the grant making policy for the year.

The short term and longer term aims and objectives.

The aim this year and for the forseeable future, is to continue to give support wherever needed and to provide help to even more people in need.

The charity's strategies for achieving its aims and objectives in the future.

These include granting interviews and meetings with potential donors and beneficiaries with a view to furthering their activities.

How the activities undertaken during the year contributed to the achievement of the aims and objectives.

The charity received donations which enabled it to make substantial distributions.

3

ZOREYA TZEDOKOS LIMITED

Company Registration Number - 5960896

Trustees' Annual Report for the year ended 30 November 2022

Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.

The policy is to assist in the furtherance of Jewish education and religion, relieve poverty, assist those in need of medical help and to alleviate hardship wherever possible. All applications and requests are considered on their own merit.

The main achievements and performance of the charity during the year.

The Statement of Financial Activities shows a total income of £4,631,663, grants made of £4,917,099 and Support and Governance Costs of £21,010,

resulting in results for the year as detailed below.

Funds available are sufficient to permit the charity to continue in operation and to carry on the same level of distributions.

The significant charitable activities undertaken in the year,

and the difference the charity's performance during the year

has made to the beneficiaries of the charity and wider society.

Funds have been paid to ever more recipients and accordingly the performance of the charity has benefitted even more beneficiaries.

How the achievements during the year measure up to the objectives set.

These are in line with the wishes of the Trustees who constantly review the effectiveness of the charity and approve the scope of their activities.

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

There has been no new recruitments this year, neither is there likely to be for the forseeable future.

The charity's organisational structure.

The structure of the Charity consists of three trustees, who are also directors and secretary of the company. The board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing trustee.

4

ZOREYA TZEDOKOS LIMITED

Company Registration Number - 5960896

Trustees' Annual Report for the year ended 30 November 2022

How the charity makes decisions and how decisions are delegated.

The Trustees of the Charity, are legally responsible for the overall management and control of the Charity and meet regularly.

Setting pay and remuneration of key management personnel

There are no personnel other than the trustees, who receive no remuneration.

The Charity's bankers and advisors

Bankers Wise, Cashplus and Virgin Money Accountants B Olsberg & Co, Enterprise House, 3 Middleton Road, Manchester, M8 5DT

Financial review

The charity's financial position at the end of the year ended 30 November 2022

The financial position of the charity at 30 November 2022 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total Funds
Unrestricted Revenue Funds available for the
general purposes of the charity
Net income		 2022
£
(306,447)
190,161
190,161		 2021
£
319,393
496,606
496,606

Financial review of the position at the reporting date, 30 November 2022 .

The trustees consider the financial performance by the charity during the year to have been satisfactory.

Specific changes in fixed assets are detailed in the notes to the accounts.

5

ZOREYA TZEDOKOS LIMITED

Company Registration Number - 5960896

Trustees' Annual Report for the year ended 30 November 2022

Policies on reserves.

The trustees intend to maintain a high level of distributions from income but also intend to retain a small reserve for unforeseen contingencies.

Going Concern

The trustees are satisfied that the Charity is a going concern.

Availability and adequacy of assets of each of the funds

The trustees are satisfied that the charity's assets in its fund are available and adequate to fulfil its obligations in respect of the fund.

Significant events which have affected the financial performance and the financial position.

There are no significant events that have affected the financial performance of the Charity.

The major risks to which the Charity is exposed and reviews and systems to mitigate them.

The trustees do not feel that there are any major risks attached to the charity's activities.

Factors likely to affect future financial performance .

The trustees feel that there are no significant factors that are likely to affect the financial performance of the Charity in the future.

Plans For the Future

Summary of plans for the future and the trustees' perspective of the future direction of the charity.

The trustee's plans are to continue receiving donations and make distributions therefrom.

6

ZOREYA TZEDOKOS LIMITED

Company Registration Number - 5960896

Trustees' Annual Report for the year ended 30 November 2022

Details of The Auditor

B Olsberg FCA Chartered Accountant and Statutory Auditor Enterprise House 3 Middleton Road Manchester M8 5DT

Statement as to disclosure of information to auditors

The trustees state that so far as each of the trustees at the time this report was approved are aware:-

Statement of the Directors Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-

7

ZOREYA TZEDOKOS LIMITED

Company Registration Number - 5960896

Trustees' Annual Report for the year ended 30 November 2022

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the auditor in relation to the Trustees' report is limited to examining the report and ensuring that , the report is consistent with the figures disclosed in the financial statements.

Method of preparation of accounts - Small company provisions

The financial statements are set out on pages 13 to 22.

The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)

These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

This report was approved by the board of trustees on 25 July 2023.

Y Wosner Director and Trustee

8

ZOREYA TZEDOKOS LIMITED

Independent Auditors' Report to the Trustees of the charitable company on the accounts for the year ended 30 November 2022

Introduction

We have audited the financial statements of ZOREYA TZEDOKOS LIMITED for the year ended 30 November 2022, as set out on pages 13 to 22, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet , the Cash Flow Statement and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charitable company are prepared, in all material respects, in accordance with the Companies Act 2006 and with charity law applicable within the jurisdiction of England & Wales and, in particular, the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) under the historical cost convention, and in accordance with the accounting policies set out on page 19, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.

Limitation of liability

This report is made solely to the Trustees of the charitable company, as a body, in accordance with the requirements of Section 154 of the Charities Act 2011 (The Act). Our work has been undertaken so that we might state to the Trustees 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 liability or responsibility to anyone other than the Trustees as a body, for our work, for this report or for the opinions we have formed.

Basis for our opinion

We have been appointed as auditors under section 144(2) of The Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

We conducted our audit in accordance with International Standards on Auditing (ISAs-UK), issued by the Financial Reporting Council, and applicable law. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in England & Wales, 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.

Responsibilities of Management and Those Charged with Governance for the Financial Statements

As described on page 7, you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with the Companies Act 2006, the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees,who are charged with governance, are responsible for overseeing the charitable company’s financial reporting process.

9

ZOREYA TZEDOKOS LIMITED

Management is responsible for the preparation of the financial statements in accordance with charity law of the jurisdiction of England & Wales and for such internal control as management determines 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, management is responsible for assessing the charitable company’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 management either intends to liquidate the charitable company or to cease operations, or has no realistic alternative but to do so.

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.

Our responsibility is to audit and express an opinion on the financial statements in accordance with relevant legal and regulatory requirements and ISAs-UK. Those standards require us to comply with the Ethical Standards for Auditors published by the Financial Reporting Council and to:-

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, to design and perform audit procedures responsive to those risks and to obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion;

To obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate for the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the charity's internal control;

To evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the charity;

To conclude on the appropriateness of the charity's use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charity's ability to continue as a going concern;

To evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves a fair presentation.

We are required to report to the Trustees our opinion as to whether the financial statements give a true and fair view and have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice and the Charities (Accounts and Reports) Regulations 2008.

We are also required to report to you if, in our opinion, the Trustees' Annual Report is materially inconsistent with the financial statements, if the charitable company has not kept adequate accounting records, if the charitable company’s financial statements are not in agreement with the accounting records and returns, or if we have not received all the information and explanations we require for our audit, or if information specified by law regarding Trustees' remuneration and transactions with the charitable company is not disclosed.

10

ZOREYA TZEDOKOS LIMITED

In addition, we read all the financial and non-financial information in the Trustees' Annual Report to identify material inconsistencies with the audited financial statements and to identify any information that is apparently materially incorrect based on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.

We conducted our audit in accordance with ISAs-UK and in accordance with the Practice Note ' The Audit of Charities in the United Kingdom' , revised in March 2012.

We are required to plan and perform our audit so as to meet the above requirements and to obtain all the information and explanations which we consider necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error.

In the course of our audit, 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 the audit.

Eligibilty of auditor and status of audit

We confirm that we are eligible under section 144(2) of the Charities Act 2011 to conduct this audit, and that this report is a report in respect of an audit carried out under the Act and in accordance with the related regulations.

We confirm that the charitable company is exempt from audit under Part 16 of the Companies Act 2006,

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . We concur with this approach, and any references in our report to the regulations should be read subject to this comment.

Opinion on the Financial Statements

In our opinion, the accompanying charitable company's financial statements:

Give a true and fair view of the state of affairs of the charitable company as at 30 November 2022 and of its Income and Expenditure for the financial year then ended and, in particular, the financial statements have been properly prepared, in all material respects, in accordance with United Kingdom Generally Accepted Accounting Practice applicable to entities of its size and have been properly prepared in accordance with the requirements of the Charities Act 2011; and

have been prepared in accordance with the requirements of Section 396 of the Companies Act 2006; and and have been prepared in accordance with the methods and principles required by the FRS102 Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission in England & Wales (CCEW) , effective January 2015 (The SORP), and those methods and principles have been followed.

11

ZOREYA TZEDOKOS LIMITED

Matters upon which we are required to report by exception

We have nothing to report in respect of the following matters where the requires us to report to you, if in our opinion:

the charitable company has not kept adequate accounting records; or

the financial statements are not in agreement with the accounting records and returns; or

if information specified by law regarding Trustees' remuneration and transactions with the charity is not disclosed.

we have not received all the information and explanations we require for our audit.

B Olsberg FCA - Senior Statutory Auditor

For and on behalf of B Olsberg & Co - Registered Auditors

Chartered Accountant and Statutory Auditor

Enterprise House 3 Middleton Road Manchester M8 5DT

This report was signed on 25 July 2023

12

ZOREYA TZEDOKOS LIMITED - Statement of Financial Activities for the year ended 30 November 2022

Statement of Financial Activities (including the Income and Expenditure Account for the year ended 30 November 2022, as required by the Companies Act 2006)

Income & Endowments from:
Donations & Legacies
Investments
Total income
Expenditure on:
Charitable activities
Total expenditure
Net income for the year
Net income after transfers
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds		 Current year
Unrestricted
Funds
2022
£
4,631,651
12
4,631,663
4,938,110
4,938,110
(306,447)
(306,447)
(306,447)
496,606
190,159		 Current year
Restricted
Funds
2022
£
-
-
-
-
-
-
-
-
-
-		 Current year
Total Funds
2022
£
4,631,651
12
4,631,663
4,938,110
4,938,110
(306,447)
(306,447)
(306,447)
496,606
190,159		 Prior Year
Total Funds
2021
£
5,321,321
6
5,321,327
5,001,934
5,001,934
319,393
319,393
319,393
177,213
496,606

A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.

All the prior year transactions were unrestricted items, and no further analysis is required

All activities derive from continuing operations

The notes attached on pages 19 to 22 form an integral part of these accounts.

13

ZOREYA TZEDOKOS LIMITED - Statement of Financial Activities for the year ended 30 November 2022

Resources applied in the year ended 30 November 2022 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA
Net resources available to fund charitable activities		 2022
£
(306,447)
(306,447)		 2021
£
319,393
319,393

Movements in revenue and capital funds for the year ended 30 November 2022

Revenue accumulated funds

Unrestricted
Funds
2022
£
Accumulated funds brought forward
496,606
(306,447)
190,159
Closing revenue funds
190,159
Summary of funds
Unrestricted
and
Designated funds
2022
£
Revenue accumulated funds
190,159
Recognised gains and losses before
transfers		 Restricted
Funds
2022
£
-
-
-
-
Restricted
Funds
2022
£
-		 Total
Funds
2022
£
496,606
(306,447)
190,159
190,159
Total
Funds
2022
£
190,159		 Last year
Total Funds
2021
£
177,213
319,393
496,606
496,606
Last Year
Total Funds
2021
£
496,606

The notes attached on pages 19 to 22 form an integral part of these accounts.

14

ZOREYA TZEDOKOS LIMITED - Statement of Financial Activities for the year ended 30 November 2022

Income and Expenditure Account for the year ended 30 November 2022 as required by the Companies Act 2006

Income
Income from operations
Interest receivable
Gross income in the year before exceptional items
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
Realised losses on disposals of social investments which are programme related
Total expenditure in the year
Tax on surplus on ordinary activities
Retained surplus for the financial year
All activities derive from continuing operations
Net income after tax in the financial year
Net income before tax in the financial year
Investment income		 2022
£
4,631,651
12
4,631,663
4,631,663
4,932,204
146
5,760
-
4,938,110
(306,447)
-
(306,447)
(306,447)		 2021
£
5,321,321
6
5,321,327
5,321,327
4,996,952
182
4,800
-
5,001,934
319,393
-
319,393
319,393

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 19 to 22 form an integral part of these accounts.

15

ZOREYA TZEDOKOS LIMITED - Balance Sheet as at 30 November 2022

Notes
Fixed assets
Tangible assets
7
Current assets
Debtors
9
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year
10
Net current assets
The total net assets of the charity		 2022
£
582
24,701
170,636
195,337
(5,760)
189,577
190,159		 2021
£
728
33,630
467,048
500,678
(4,800)
495,878
496,606

The total net assets of the charity are funded by the funds of the charity, as follows:-

Restricted funds

Unrestricted Funds
Unrestricted Revenue Funds
14
190,159
Designated Funds
Total charity funds		 -
496,606
190,159
190,159		 -
496,606
496,606

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The charity is subject to audit under charity legislation, and the report of the Charities Act auditor is on page 12.

The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Y Wosner Trustee Approved by the board of trustees on 25 July 2023

The notes attached on pages 19 to 22 form an integral part of these accounts.

16

ZOREYA TZEDOKOS LIMITED

Cash Flow Statement for the year ended 30 November 2022

Cash flows from operating activities
Cash flows from investing activities
Interest received
Cash flows from financing activities
Net cash provided by operating activities as shown below		 2022
£
(296,424)
12		 2021
£
309,043
6
Net cash provided by financing activities
Overall cash provided by all activities
Cash movements
Change in cash and cash equivalents from activities in the
year ended 30 November 2022
Cash and cash equivalents at 1 December 2021
Change in cash and cash equivalents due to exchange rate movements
Cash at bank and in hand less overdrafts at 30 November		 -
(296,412)
(296,412)
467,048
-
170,636		 -
309,049
309,049
157,999
-
467,048

17

ZOREYA TZEDOKOS LIMITED

Cash Flow Statement for the year ended 30 November 2022 ZOREYA TZEDOKOS LIMITED

Cash Flow Statement for the year ended 30 November 2022 - Continued

Reconciliation of net income to net cash flow from operating activities

Net income as shown in the Statement of Financial Activities
Adjustments for :-
Depreciation charges
Write downs of investments
Net unrealised losses on investment assets
Dividends, interest and rents from investments
Decrease in debtors
Increase in creditors, excluding loans
Net cash provided by operating activities
Analysis of cash and cash equivalents
Cash in hand at for the year ended 30 November 2022
Total cash and cash equivalents
At start
of year
Cash
467,048
Total
467,048
Analysis of change in net debt		 (306,447)
146
-
-
(12)
8,929
960
(296,424)
2022
£
170,636
170,636
Cash
Flows and
(296,412)
(296,412)		 319,393
182
-
-
(6)
(12,026)
1,500
309,043
2021
£
467,048
467,048
At end
of year
170,636
170,636

18

ZOREYA TZEDOKOS LIMITED

Notes to the Accounts for the year ended 30 November 2022

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going Concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations . As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 30th November 2022, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Plant and machinery

20 % straight line

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

There are no endowment funds.

2 Liability to taxation

The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.

19

ZOREYA TZEDOKOS LIMITED

Notes to the Accounts for the year ended 30 November 2022

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 Significance of financial instruments to the charity's position

There are no significant implications of such matters.

5 Net surplus before tax in the financial year

Net surplus before tax in the financial year
2022 2021
£ £
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets 146 182
Auditors' remuneration 5,760 4,800

6 Remuneration and payments to Trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related entity.

7 Tangible fixed assets

Current Year
Cost
At 1 December 2021
At 30 November 2022
Depreciation
At 1 December 2021
Charge for the year
At 30 November 2022
Net book value
At 30 November 2022
At 30 November 2021		 Land and
Buildings
£
-
-
-
-
-
-
-		 Plant &
Machinery
£
1,470
1,470
742
146
888
582
728		 Motor
Vehicles
£
-
-
-
-
-
-
-		 Total
£
1,470
1,470
742
146
888
582
728

8 Investment pooling schemes and arrangements

There are no Investment pooling schemes and arrangements

20

ZOREYA TZEDOKOS LIMITED

Notes to the Accounts for the year ended 30 November 2022

9
Debtors
Other debtors
10 Creditors: amounts falling due within one year
Accruals
11 Income and Expenditure account summary
At 1 December 2021
Surplus for the year
At 30 November 2022
12 No related party transactions
13 Particulars of how particular funds are represented by assets and liabilities
At 30 November 2022
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
582
-
Current Assets
195,337
Current Liabilities
(5,760)
-
190,159
-
At 1 December 2021
Unrestricted
Designated
funds
funds
£
£
Tangible Fixed Assets
728
-
Current Assets
500,678
-
Current Liabilities
(4,800)
-
496,606
-
There were no transactions with related parties in the year.		 2022
£
24,701
2022
£
5,760
2022
£
496,606
(306,447)
190,159
Restricted
funds
£
-
-
-
-
Restricted
funds
£
-
-
-
-		 2021
£
33,630
2021
£
4,800
2021
£
177,213
319,393
496,606
Total
Funds
£
582
195,337
(5,760)
190,159
Total
Funds
£
728
500,678
(4,800)
496,606

21

ZOREYA TZEDOKOS LIMITED

Notes to the Accounts for the year ended 30 November 2022

14 Change in total funds over the year as shown in Note 13 , analysed by individual funds

Funds brought
forward from
2021
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
496,606
Total unrestricted and designated funds
496,606
Total charity funds
496,606
15 Analysis of movements in funds over the year as shown in Note
Income
2022
£
Unrestricted and designated funds:-
Unrestricted Revenue Funds
4,631,663
4,631,663		 Movement in
funds in 2022
See Note 15
£
(306,447)
(306,447)
(306,447)
14
Expenditure
2022
£
(4,938,110)
(4,938,110)		 £
-
-
-
Other
Gains &
Losses
2022
£
-
-
Transfers
between
funds in 2022		 Funds carried
forward to
2023
£
190,159
190,159
190,159
Movement
in funds
2022
£
(306,447)
(306,447)

16 The purposes for which the funds

Unrestricted and designated funds:-

Unrestricted Revenue Funds

These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.

Restricted funds:-

Restricted Fixed Asset Funds

There are no restricted funds

17 Ultimate controlling party

The charity is under the control of its legal members.

22

ZOREYA TZEDOKOS LIMITED

Detailed analysis of income and expenditure for the year ended 30 November 2022 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

18 Donations, Grants and Legacies

Total Donations, Grants and
Legacies
19 Investment income
Bank Interest Receivable
Total investment income
Revenue grants and donations from non
public bodies
Sundry Donations
Total private sector revenue grants		 Current year
Unrestricted
Funds
2022
£
4,631,651
4,631,651
4,631,651
Current year
Unrestricted
Funds
2022
£
12
12		 Current year
Restricted
Funds
2022
£
-
-
-
Current year
Restricted
Funds
2022
£
-
-		 Current year
Total Funds
2022
£
4,631,651
4,631,651
4,631,651
Current year
Total Funds
2022
£
12
12		 Prior Year
Total Funds
2021
£
5,321,321
5,321,321
5,321,321
Prior Year
Total Funds
2021
£
6
6

23

ZOREYA TZEDOKOS LIMITED

Detailed analysis of income and expenditure for the year ended 30 November 2022 as required by the SORP 2015

20 Expenditure on charitable activities- Grant funding of activities

Current Year
Total grantmaking costs
Current Year
Sundry Distributions
Grants made to organisations
Breakdown of Grants made to organisations
Grants made to individuals		 Current year
Unrestricted
Funds
2022
£
38,114
4,878,985
4,917,099
Current year
Unrestricted
Funds
2022
£
4,878,985
4,878,985		 Current year
Restricted
Funds
2022
£
-
-
-
Current year
Restricted
Funds
2022
£
-
-		 Current year
Prior Year
Total Funds
Total Funds
2022
2021
£
£
38,114
24,728
4,878,985
4,957,687
4,917,099
4,982,415
Current year
Total Funds
2022
£
4,878,985
4,878,985

All donations were made in furtherance of the objectives of the charity. A full list is available on request in writing from the trustees

24

ZOREYA TZEDOKOS LIMITED

Detailed analysis of income and expenditure for the year ended 30 November 2022 as required by the SORP 2015

21 Support costs for charitable activities

Current year
Current year
Current Year
Unrestricted
Funds
Restricted
Funds
2022
2022
£
£
Administrative overheads
-
-
2,309
-
1,012
-
2,593
-
3,093
-
-
-
Professional fees paid to advisors other than the auditor or examiner
2,780
-
Financial costs
3,318
-
146
-
Support costs before reallocation
15,251
-
Total support costs - Current Year
15,251
-
The basis of allocation of costs between activities is described under accounting policies
All the expenditure in the prior year was unrestricted.
Administrative overheads
Sundry expenses
Other legal and professional
Bank charges
Telephone, fax and internet
Courier Services
Depreciation & Amortisation in total for
Equipment,repairs,expenses and maintenance
Software licences and expenses
Stationery and printing		 Current year
Total Funds
2022
£
-
2,309
1,012
2,593
3,093
-
2,780
3,318
146
15,251
15,251		 Prior Year
Total Funds
2021
£
58
10,654
-
1,264
126
517
247
1,671
182
14,719
14,719

The basis of allocation of costs between activities is described under accounting policies

22 Other Expenditure - Governance costs

Current Year
Auditor's fees
Total Governance costs		 Current year
Unrestricted
Funds
2022
£
5,760
5,760		 Current year
Restricted
Funds
2022
£
-
-		 Current year
Total Funds
2022
£
5,760
5,760		 Prior Year
Total Funds
2021
£
4,800
4,800

All the expenditure in the prior year was unrestricted.

25

ZOREYA TZEDOKOS LIMITED

Detailed analysis of income and expenditure for the year ended 30 November 2022 as required by the SORP 2015

23 Total Charitable expenditure
Current Year
Total grantmaking costs
Total support costs
Total Governance costs
Total charitable expenditure
All the expenditure in the prior year was unrestricted.
Prior Year
Total grantmaking costs
Total support costs
Total Governance costs
Total charitable expenditure		 Current year
Unrestricted
Funds
2022
£
4,917,099
15,251
5,760
4,938,110
Prior Year
Unrestricted
Funds
2021
£
4,982,415
14,719
4,800
5,001,934		 Current year
Restricted
Funds
2022
£
-
-
-
-
Prior Year
Restricted
Funds
2021
£
-
-
-
-		 Current year
Total Funds
2022
£
4,917,099
15,251
5,760
4,938,110
Prior Year
Total Funds
2021
£
4,982,415
14,719
4,800
5,001,934		 Prior Year
Total Funds
2021
£
4,982,415
14,719
4,800
5,001,934

26

ZOREYA TZEDOKOS LIMITED

Activity analysis of Income and expenditure for the for the year ended 30 November 2022

This analysis is classsified by activity and not by conventional nominal descriptions.

24 Analysis of income by activity
Summary of Total Income, including the items above
Donations & Legacies
Investment income
Total income as shown in the SOFA
25 Analysis of charitable expenditure by activity
Direct
costs
Support
costs
2022
2022
£
£
Charitable Distributions
Administrative overheads
-
9,006
Professional fees
-
2,780
Financial costs
-
3,464
Grantmaking costs
-
-
-
15,250
Direct
costs
Support
costs
2022
2022
£
£
Total Charitable Distributions
-
15,250
-
5,760
-
21,010
Total charitable expenditure
Summary of charitable costs by activity
Activity
Total Governance costs
Total Charitable Distributions
Activity		 Grant
funding of
activities
2022
£
-
-
-
4,917,099
4,917,099
Grant
funding of
activities
2022
£
4,917,099
-
4,917,099		 2022
£
4,631,651
12
4,631,663
Total
2022
£
9,006
2,780
3,464
4,917,099
4,932,349
Total
2022
£
4,932,349
5,760
4,938,109		 2021
£
5,321,321
6
5,321,327
Total
2021
£
12,619
247
1,853
4,982,415
4,997,134
Total
2021
£
4,997,134
4,800
5,001,934

The basis of allocation of costs between activities is described under accounting policies

The breakdown of this expenditure by type of spending (ie nominal classification) is detailed in note 23

27

ZOREYA TZEDOKOS LIMITED

Activity analysis of Income and expenditure for the for the year ended 30 November 2022 Analysis of support and governance costs by charitable activities

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Governance|Finance|Human|Other|Total| |Activity|Resources|Overheads| |Charitable Distributions|5,760|3,464|-|11,786|21,010| |Summary of grant making by activity| |Grants to|Grants to|Support| |institutions|individuals|costs|Total|Total| |2022|2022|2022|2022|2021| |£|£|£|£|£| |Charitable Distributions|4,878,985|38,114|-|4,917,099|4,982,415| |4,878,985|38,114|-|4,917,099|4,982,415|

----- End of picture text -----

Fuller details of grants made and related costs, including support costs, are shown in note 20.

26 Analysis of non charitable expenditure by activity

----- Start of picture text -----
|||| |---|---|---| |Governance|Governance| |Governance costs| |costs|costs| |2022|2021| |£|£| |Other Expenditure - Governance costs as detailed in Note 22|5,760|4,800|

----- End of picture text -----

28