OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

← Amud Hatzdokoh Trust

2024-02-29-accounts

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

REGISTERED CHARITY NUMBER: 1122777

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

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

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

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

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 29 FEBRUARY 2024

TRUSTEES E Gratt J Grunhut J Teller PRINCIPAL ADDRESS 85a Cazenove Road London N16 6BB

REGISTERED CHARITY NUMBER 1122777

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

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024

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 individuals and a wide variety of charitable institutions operating all over the world.

Applications must be accompanied by detailed evidence documenting the requirement for funds.

After conducting due diligence, all requests are considered and donations are made based on circumstances and available finance.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The Trustees are pleased with the results for the year. Donations received have increased significantly by 19%; grantmaking subsequently increased by almost 19% 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 as well as in the furtherance of religion and religious education. 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 aim to hold a minimum of six months worth of the charity's projected overheads on reserve. Reserves at the year end stood at £615,050 (2023: £441,986), with free reserves of £146,693 (2023: £421,701).

FUTURE PLANS

The trustees are focused on enhancing operational and client service capabilities in the year ahead. Plans include streamlining internal workflows to improve efficiency, introducing tools to enable clients to access more services directly and implementing measures to enhance leadership engagement and operational alignment. These initiatives aim to strengthen the charity's ability to deliver seamless support while maintaining its high standards of service.

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.

Page 2

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT

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.

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 26 December 2024 and signed on its behalf by:

E Gratt - Trustee

Page 3

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

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 29 February 2024 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

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

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

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

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

26 December 2024

Page 6

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
Total
EXPENDITURE ON
Raising funds
4
Charitable activities
5
Grantmaking
Support costs
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Restricted
fund
fund
£
£
16,524,944
-
2,689
-
16,527,633
-
84,906
-
16,005,071
-
264,592
-
16,354,569
-
173,064
-
441,986
-
615,050
-		 2024
Total
funds
£
16,524,944
2,689
16,527,633
84,906
16,005,071
264,592
16,354,569
173,064
441,986
615,050		 2023
Total
funds
£
13,874,429
2,484
13,876,913
86,051
13,493,231
114,188
13,693,470
183,443
258,543
441,986

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

Page 7

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

BALANCE SHEET 29 FEBRUARY 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 11 23,787 30,499
Investments 12 22,846 22,521
46,633 53,020
CURRENT ASSETS
Debtors 13 452,779 4,235
Cash at bank and in hand 201,773 458,323
654,552 462,558
CREDITORS
Amounts falling due within one year 14 (55,080) (36,622)
NET CURRENT ASSETS 599,472 425,936
TOTAL ASSETS LESS CURRENT
LIABILITIES 646,105 478,956
CREDITORS
Amounts falling due after more than one year 15 (31,055) (36,970)
NET ASSETS 615,050 441,986
FUNDS 18
Unrestricted funds 615,050 441,986
TOTAL FUNDS 615,050 441,986

The financial statements were approved by the Board of Trustees and authorised for issue on 26 December 2024 and were signed on its behalf by:

E Gratt - Trustee

The notes form part of these financial statements

Page 8

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

CASH FLOW STATEMENT FOR THE YEAR ENDED 29 FEBRUARY 2024

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Net cash (used in)/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 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		 2024
£
(243,972)
(1,004)
(244,976)
(5,483)
(2,688)
2,363
151
(5,657)
(5,917)
(5,917)
(256,550)
458,323
201,773		 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

The notes form part of these financial statements

Page 9

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 29 FEBRUARY 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 173,064 183,443
Adjustments for:
Depreciation charges 12,196 12,323
Interest received (151) -
Interest paid 1,004 1,152
(Increase)/decrease in debtors (448,543) 6,232
Increase in creditors 18,458 9,931
Net cash (used in)/provided by operations (243,972) 213,081
2. ANALYSIS OF CHANGES IN NET FUNDS
At 1.3.23 Cash flow At 29.2.24
£ £ £
Net cash
Cash at bank and in hand 458,323 (256,550) 201,773
458,323 (256,550) 201,773
Debt
Debts falling due within 1 year (5,915) - (5,915)
Debts falling due after 1 year (36,970) 5,915 (31,055)
(42,885) 5,915 (36,970)
Total 415,438 (250,635) 164,803

The notes form part of these financial statements

Page 10

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

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, with the exception of voucher income which is accounted for once presented for payment. 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.

Going concern

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

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 prevailing rate of exchange at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 11

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024

1. ACCOUNTING POLICIES - continued

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.

2. DONATIONS AND LEGACIES

2.
DONATIONS AND LEGACIES
Donations
3.
INVESTMENT INCOME
Syndicate income
Deposit account interest
4.
RAISING FUNDS
Raising donations and legacies
Printing, postage and stationery
Office costs		 2024
£
16,524,944
2024
£
2,538
151
2,689
2024
£
62,817
22,089
84,906		 2023
£
13,874,429
2023
£
2,484
-
2,484
2023
£
75,009
11,042
86,051

5. CHARITABLE ACTIVITIES COSTS

Grantmaking
Support costs		 Direct
Costs (see
note 6)
£
73,605
183,737
257,342		 Grant
funding of
activities
(see note
7)
£
15,931,466
-
15,931,466		 Support
costs (see
note 8)
£
-
80,855
80,855		 Totals
£
16,005,071
264,592
16,269,663

Page 12

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

Staff costs
Insurance
Repairs and maintenance
Telephone
Advertising
Rent and rates
Legal and professional
General expenses
Office costs
Software
Website development
Depreciation
Interest payable and similar charges
Foreign exchange gains/losses
GRANTS PAYABLE
Grantmaking
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:		 2024
£
105,135
2,454
4,715
6,644
3,044
39,352
12,843
2,449
1,121
49,577
16,513
12,196
1,004
295
257,342
2024
£
15,931,466
2024
£
3,208,770
198,382
2,952,217
810,365
82,237
20,790
7,272,761
£
577,917
390,887
295,863
249,639
205,557
179,364
138,085
125,879
125,000
119,482
111,580
92,100
4,661,408		 2023
£
68,766
3,714
966
5,360
1,993
14,718
360
1,210
4,848
28,346
24,660
12,323
1,152
460
168,876
2023
£
13,374,018		 2023
£
68,766
3,714
966
5,360
1,993
14,718
360
1,210
4,848
28,346
24,660
12,323
1,152
460
168,876
2023
£
2,602,450
273,061
2,279,479
546,208
46,892
-
5,748,090
Bareketh
Lamachazikim Ba
Ezra V'Chesed Mishnas Yaakov
Reshes Chinuch Umifalei Chesed Yetav Lev Desatmar
Bnai Levy Foundation
Ezras Achim UK
Chaim Shel Torah
Beis Hatalmud - Joseph & Fay Tannenbaum Educational Centre
Yeshivas Or Yoseph
Tzidkas Ramou
Torah Tzedokoh Vchesed - Chasdei Moshe
Zichron Yonah Yosef
Donations below £90,000

7. GRANTS PAYABLE

Page 13

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024

7. GRANTS PAYABLE - continued

8. 7,272,761
2024
£
126,317
52,555
8,456,534
23,299
-
8,658,705
Governance
costs
£
51,882
2024
Support
costs
£
28,973
18,200
14,200
2,723
16,759
80,855		 2023
£
162,279
49,736
7,399,547
11,629
2,737
7,625,928
Totals
£
80,855
2023
Total
activities
£
28,443
10,680
9,840
35
15,527
64,525
The total grants paid to individuals during the year was as follows:
Religious education
Healthcare
Relief of poverty
Advancement of religion
Social welfare
SUPPORT COSTS
Finance
£
Support costs
28,973
Support costs, included in the above, are as follows:
Bank and cc charges
Auditors' remuneration
Auditors' remuneration for non audit work
General expenses
Compliance & professional fees

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 29 February 2024 nor for the year ended 28 February 2023.

Page 14

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024

10. STAFF COSTS

2024
£
Wages and salaries
105,135
105,135
The average monthly number of employees during the year was as follows:
2024
Office
20
No employees received emoluments in excess of £60,000.
TANGIBLE FIXED ASSETS
Credit
Fixtures
card
and
terminals
Computer
fittings
& equip.
equipment
£
£
£
COST
At 1 March 2023
25,460
19,200
14,164
Additions
-
-
5,483
At 29 February 2024
25,460
19,200
19,647
DEPRECIATION
At 1 March 2023
16,066
6,400
5,859
Charge for year
2,348
6,400
3,447
At 29 February 2024
18,414
12,800
9,306
NET BOOK VALUE
At 29 February 2024
7,046
6,400
10,341
At 28 February 2023
9,394
12,800
8,305		 2023
£
68,766
68,766
2023
11
Totals
£
58,824
5,483
64,307
28,325
12,195
40,520
23,787
30,499

11. TANGIBLE FIXED ASSETS

Page 15

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024

12. FIXED ASSET INVESTMENTS

FIXED ASSET INVESTMENTS
Unlisted
investments
£
MARKET VALUE
At 1 March 2023 22,521
Additions 2,688
Distributions (2,363)
At 29 February 2024 22,846
NET BOOK VALUE
At 29 February 2024 22,846
At 28 February 2023 22,521

There were no investment assets outside the UK.

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Trade creditors
Taxation and social security
Other creditors		 2024
£
356,877
95,902
452,779
2024
£
5,915
-
5,417
43,748
55,080		 2023
£
4,235
-
4,235
2023
£
5,915
2,200
4,460
24,047
36,622

Page 16

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024

15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Bank loans (see note 16)
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
23,787
-
Investments
22,846
-
Current assets
654,552
-
Current liabilities
(55,080)
-
Long term liabilities
(31,055)
-
615,050
-
18.
MOVEMENT IN FUNDS
At 1.3.23
£
Unrestricted funds
General fund
441,986
TOTAL FUNDS
441,986		 2024
£
31,055
2024
£
5,915
23,661
7,394
2024
Total
funds
£
23,787
22,846
654,552
(55,080)
(31,055)
615,050
Net
movement
in funds
£
173,064
173,064		 2023
£
36,970
2023
£
5,915
23,661
13,309
2023
Total
funds
£
30,499
22,521
462,558
(36,622)
(36,970)
441,986
At
29.2.24
£
615,050
615,050

Page 17

Docusign Envelope ID: 40F54675-F09F-4851-821A-07539DA0319B

AMUD HATZDOKOH TRUST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
16,527,633
TOTAL FUNDS
16,527,633
Comparatives for movement in funds
At 1.3.22
£
Unrestricted funds
General fund
258,543
TOTAL FUNDS
258,543
Comparative 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		 Resources
expended
£
(16,354,569)
(16,354,569)
Net
movement
in funds
£
183,443
183,443
Resources
expended
£
(13,693,470)
(13,693,470)		 Movement
in funds
£
173,064
173,064
At
28.2.23
£
441,986
441,986
Movement
in funds
£
183,443
183,443

19. RELATED PARTY DISCLOSURES

During the year the charity received unrestricted donations of £12,418 (2023: £23,377), of which £2,418 were paid by trustees and £10,000 from charities with trustees in common.

The spouse of a close relative was remunerated £8,512 (2023: £1,320) for secretarial services.

The charity donated £21,498 (2023: £8,377) to charities with a trustee in common.

Page 18