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2023-02-28-accounts

REGISTERED CHARITY NUMBER: 1122777

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

AMUD HATZDOKOH TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

Page
Reference and Administrative Details 1
Report of the Trustees 2 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 18

AMUD HATZDOKOH TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 28 FEBRUARY 2023

TRUSTEES E Gratt J Grunhut J Teller PRINCIPAL ADDRESS 85a Cazenove Road London N16 6BB REGISTERED CHARITY 1122777 NUMBER AUDITORS Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS BANKERS Barclays Bank Plc 1 Churchill Place London E14 5HP

Page 1

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

REFERENCE AND ADMINISTRATIVE INFORMATION

The information is shown on page 1 of the financial statements and forms part of this report.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the charity are (i) the advancement of the Orthodox Jewish Faith (ii) the advancement of Orthodox Jewish education (iii) the relief of poverty, sickness and infirmity amongst members of the Jewish faith and (iv) such other purposes as are charitable under English law.

The trustees confirm that they have given due regard to the Charity Commission's guidance on public benefit.

Grantmaking policy

Grants are made to charitable institutions and organisations which accord with the objects of the charity.The trustees are approached for donations by a wide variety of charitable institutions operating all over world.

Applications by individuals must be accompanied by a letter of recommendation by the applicant's minister or other known religious leader.

After conducting due diligence, the trustees consider all requests and make donations based on circumstances and available finance.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Trustees are pleased to see that donations received have increased significantly by 26%; grantmaking subsequently increased by close to 24% in line with the increase in the Charity's income. Grants were given to individuals suffering poverty, in debt, lacking basic necessities or requiring medical aid. Institutions were aided for various causes as shown in Note 7 to the Financial Statements.

FINANCIAL REVIEW

Principal funding sources

The charity received income from a wide range of charitable trusts, individuals and corporations.

Reserves policy

The trustees do not seek to maintain reserves, other than to ensure that they can continue the activities of the charity. Reserves at the year end stood at £441,986 (2022 - £258,543), with free reserves of £421,701 (2022 - £248,867).

FUTURE PLANS

The charity intends to continue its operations in a similar manner and is investing significantly in upgrading its IT and CRM systems to accommodate future growth. Additionally, it plans to launch an informative website and online portal to give donors and recipients easy access to view and instruct transactions. The charity is establishing an additional branch in Manchester to serve a broader demographic. Our ongoing strategy also strongly focuses on elevating compliance standards. Experts are engaged to strengthen the framework and ensure that the charity not only meets but exceeds legal and regulatory requirements.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity was constituted and is governed by Trust Deed dated 31 January 2008.

Recruitment and appointment of new trustees

It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Organisational structure

The day-to-day affairs of the charity are administered by the trustees. It is not the intention of the trustees to appoint any new trustees. Should the situation change in the future, the trustees will apply suitable recruitment induction and training procedures.

Page 2

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management

The trustees have reviewed the major risks to which the charity is exposed and confirm that they have established systems to mitigate them.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 19 December 2023 and signed on its behalf by:

E Gratt - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AMUD HATZDOKOH TRUST

Opinion

We have audited the financial statements of Amud Hatzdokoh Trust (the 'charity') for the year ended 28 February 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, 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 (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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 Auditors' 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.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

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 this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AMUD HATZDOKOH TRUST

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which 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.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

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 a Report of the Independent Auditors 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In performing an audit, we exercise professional judgment and maintain professional scepticism throughout the audit.

We also identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than one for one resulting from error, as fraud may involve collusion, forgery, intentional omissions misrepresentation or override of internal control.

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

We evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements

We concluded whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about charity's ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF AMUD HATZDOKOH TRUST

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' 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 trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sugarwhite Meyer Accountants Ltd Chartered Accountants & Statutory Auditor First Floor 94 Stamford Hill London N16 6XS

19 December 2023

Page 6

AMUD HATZDOKOH TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Charitable Activities
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
fund
fund
£
£
13,874,429
-
2,484
-
13,876,913
-
86,051
-
13,607,419
-
13,693,470
-
183,443
-
258,543
-
441,986
-		 2023
Total
funds
£
13,874,429
2,484
13,876,913
86,051
13,607,419
13,693,470
183,443
258,543
441,986		 2022
Total
funds
£
11,006,137
1,607
11,007,744
77,137
10,934,463
11,011,600
(3,856)
262,399
258,543

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 7

AMUD HATZDOKOH TRUST

BALANCE SHEET 28 FEBRUARY 2023

Notes
FIXED ASSETS
Tangible assets
11
Investments
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
18
Unrestricted funds
TOTAL FUNDS		 2023
£
30,499
22,521
53,020
4,235
458,323
462,558
(36,622)
425,936
478,956
(36,970)
441,986
441,986
441,986		 2022
£
15,687
22,323
38,010
10,467
279,642
290,109
(26,691)
263,418
301,428
(42,885)
258,543
258,543
258,543

The financial statements were approved by the Board of Trustees and authorised for issue on 19 December 2023 and were signed on its behalf by:

J Grunhut - Trustee

E Gratt - Trustee

The notes form part of these financial statements

Page 8

AMUD HATZDOKOH TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2023

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Net cash (used in)/provided by investing activities
Cash flows from financing activities
Loan repayments in year
Net cash used in financing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 2023
£
213,081
(1,152)
211,929
(27,135)
(2,484)
2,286
-
(27,333)
(5,915)
(5,915)
178,681
279,642
458,323		 2022
£
107,369
(936)
106,433
-
(1,606)
2,054
1
449
(1,199)
(1,199)
105,683
173,959
279,642

The notes form part of these financial statements

Page 9

AMUD HATZDOKOH TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2023

1. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income/(expenditure) for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Decrease in debtors
Increase/(decrease) in creditors
Net cash provided by operations		 2023
£
183,443
12,323
-
1,152
6,233
9,930
213,081		 2022
£
(3,856)
5,229
(1)
936
109,284
(4,223)
107,369

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.3.22 Cash flow At 28.2.23
£ £ £
Net cash
Cash at bank and in hand 279,642 178,681 458,323
279,642 178,681 458,323
Debt
Debts falling due within 1 year (5,915) - (5,915)
Debts falling due after 1 year (42,885) 5,915 (36,970)
(48,800) 5,915 (42,885)
Total 230,842 184,596 415,438

The notes form part of these financial statements

Page 10

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Donations are accounted for when received. All other income is recognised on a receivable basis.

Expenditure

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category and includes irrecoverable VAT which is reported as part of the expenditure to which it relates. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Liabilities are recognised in the year in which they are incurred.

Raising funds comprise the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Grants are only recognised in the accounts when paid.

Support costs are those incurred to assist the work of the charity but are not direct charitable activities.

Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Credit card terminals & equip. - straight line over 3 years Computer equipment - 25% on reducing balance

Taxation

The charity is exempt from tax on its charitable activities.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments

The charity only has financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the amount expected to be received or paid and not discounted.

Page 11

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

1. ACCOUNTING POLICIES - continued

Financial instruments Foreign currency

Going concern

There are no material uncertainties about the charity's ability to continue.

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Charitable
3.
INVESTMENT INCOME
Syndicate income
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Printing, postage and stationery
Office costs		 2023
£
13,874,429
-
13,874,429
2023
£
-
2023
£
2,484
-
2,484
2023
£
75,009
11,042
86,051		 2022
£
11,005,164
973
11,006,137
2022
£
973
2022
£
1,606
1
1,607
2022
£
67,477
9,660		 2022
£
973
2022
£
1,606
1
1,607
77,137

Page 12

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

5. CHARITABLE ACTIVITIES COSTS

5.
CHARITABLE ACTIVITIES COSTS
Grant
funding of
Direct
activities
Costs (see
(see note
note 6)
7)
£
£
Charitable Activities
168,876
13,374,018
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Insurance
Repairs and maintenance
Telephone
Advertising
Rent and rates
Legal and professional
General expenses
Office costs
Repayment of grant
Software
Website development
Depreciation
Interest payable and similar charges
Foreign exchange gains/losses
7.
GRANTS PAYABLE
Charitable Activities
The total grants paid to institutions during the year was as follows:
Religious education
Healthcare
Relief of poverty
Advancement of religion
Social welfare
General
The total grants paid to institutions during the year was as follows:
Be'er Mordchei
Bareketh
Lamachazikim Ba
Reshes Chinuch Umifalei Chesed Yetev Lev D'Satmar
Centrul de Educatie Ebraica Traditionala din Republica Moldova
Refuah Vetikva		 Grant
funding of
activities
(see note
7)
£
13,374,018
follows:
follows:		 Totals
£
13,607,419
2022
£
38,935
1,129
2,134
3,810
1,525
13,780
1,095
245
-
5,855
19,567
-
5,229
936
341
94,581
2022
£
10,806,431		 2022
£
38,935
1,129
2,134
3,810
1,525
13,780
1,095
245
-
5,855
19,567
-
5,229
936
341
94,581
2022
£
2,812,313
141,929
1,050,376
388,012
-
625,628
5,018,258
£
388,000
294,000
250,829
205,957
109,135
170,505

Page 13

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

7. GRANTS PAYABLE - continued

Mifal Tzadoko Vochesed Yoel Moshe 163,785
Toiras Moishe 145,500
Chaim Shel Torah 128,178
Beis Hatalmud Merkaz Chinuchi 127,467
Central Uta of Monsey 113,640
Tzidkas Remou 108,124
Atereth Bnei Zion 102,063
Bnai Levy Foundation 94,419
American Friends of the Kiev Jewish Community 85,081
Donations below £80,000 3,261,407
5,748,090

The total grants paid to individuals during the year was as follows:

Religious education
Healthcare
Relief of poverty
Advancement of religion
Social welfare
General		 2023
£
162,279
49,736
7,399,547
11,629
2,737
-
7,625,928		 2022
£
153,993
48,378
5,549,920
3,566
-
32,316
5,788,173

8. SUPPORT COSTS

Charitable Activities
Support costs, included in the above, are as follows:
Bank and cc charges
Auditors' remuneration
Auditors' remuneration for non audit
work
General expenses
Legal and professional fees		 Governance
Finance
costs
Totals
£
£
£
28,443
36,082
64,525
2023
2022
Charitable
Total
Activities
activities
£
£
28,443
13,371
10,680
6,960
9,840
7,080
35
354
15,527
5,686
64,525
33,451

Page 14

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 28 February 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 28 February 2023 nor for the year ended 28 February 2022.

10. STAFF COSTS

Wages and salaries
The average monthly number of employees during the year was as follows:
Office
No employees received emoluments in excess of £60,000.		 2023
£
68,766
68,766
2023
11		 2022
£
38,935
38,935
2022
6

11. TANGIBLE FIXED ASSETS

COST
At 1 March 2022
Additions
At 28 February 2023
DEPRECIATION
At 1 March 2022
Charge for year
At 28 February 2023
NET BOOK VALUE
At 28 February 2023
At 28 February 2022		 Credit
Fixtures
card
and
terminals
Computer
fittings
& equip.
equipment
£
£
£
25,460
-
6,229
-
19,200
7,935
25,460
19,200
14,164
12,935
-
3,067
3,131
6,400
2,792
16,066
6,400
5,859
9,394
12,800
8,305
12,525
-
3,162		 Totals
£
31,689
27,135
58,824
16,002
12,323
28,325
30,499
15,687

Page 15

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

12. FIXED ASSET INVESTMENTS

12. FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1 March 2022 22,323
Additions 2,484
Distributions (2,286)
At 28 February 2023 22,521
NET BOOK VALUE
At 28 February 2023 22,521
At 28 February 2022 22,323
There were no investment assets outside the UK.
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 4,235 8,958
Prepayments - 1,509
4,235 10,467
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 16) 5,915 5,915
Trade creditors 2,200 -
Taxation and social security 4,460 1,696
Other creditors 24,047 19,080
36,622 26,691
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans (see note 16) 36,970 42,885

Page 16

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

16. LOANS

An analysis of the maturity of loans is given below:

Amounts falling due within one year on demand:
Bank loans
Amounts falling due between two and five years:
Bank loans - 2-5 years
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
fund
fund
£
£
Fixed assets
30,499
-
Investments
22,521
-
Current assets
462,558
-
Current liabilities
(36,622)
-
Long term liabilities
(36,970)
-
441,986
-
18.
MOVEMENT IN FUNDS
At 1.3.22
£
Unrestricted funds
General fund
258,543
TOTAL FUNDS
258,543
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
13,876,913
TOTAL FUNDS
13,876,913		 2023
£
5,915
23,661
13,309
2023
Total
funds
£
30,499
22,521
462,558
(36,622)
(36,970)
441,986
Net
movement
in funds
£
183,443
183,443
Resources
expended
£
(13,693,470)
(13,693,470)		 2022
£
5,915
23,661
19,224
2022
Total
funds
£
15,687
22,323
290,109
(26,691)
(42,885)
258,543
At
28.2.23
£
441,986
441,986
Movement
in funds
£
183,443
183,443

Page 17

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
At 1.3.21
in funds
£
£
Unrestricted funds
General fund
262,399
(3,856)
TOTAL FUNDS
262,399
(3,856)
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
11,007,744
(11,011,600)
TOTAL FUNDS
11,007,744
(11,011,600)		 At
28.2.22
£
258,543
258,543
Movement
in funds
£
(3,856)
(3,856)

19. RELATED PARTY DISCLOSURES

During the year the charity received unrestricted donations of £23,377 (2022 - £31,850), of which £15,000 was from a trustee and £8,377 from charities with trustees in common.

The spouse of a close relative was remunerated £1,320 (2022 - NIL) for secretarial services.

A charity controlled by a close relative of one of the trustees received £145,500 (2022 - NIL) during the year.

The charity was owed £NIL (2022 - £4,000) by a charity with a trustee in common.

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