2024-06-30-accounts - Ozar Lenetzrochim Limited

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COMPANY REGISTRATION NUMBER: 07292019 CHARITY REGISTRATION NUMBER: 1137012

Ozar Lenetzrochim Limited Company Limited by Guarantee Unaudited Financial Statements

30 June 2024

BRINDLEY GOLDSTEIN LIMITED

Chartered accountants 103 High Street Waltham Cross Herts EN8 7AN

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Financial Statements

Year ended 30 June 2024

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	3
Statement of financial activities (including income and
expenditure account)	4
Statement of financial position	5
Statement of cash flows	6
Notes to the financial statements	7
The following pages do not form part of the financial statements
Detailed statement of financial activities	14
Notes to the detailed statement of financial activities	15

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 30 June 2024

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 30 June 2024.

Reference and administrative details

Registered charity name Ozar Lenetzrochim Limited Charity registration number 1137012 Company registration number 07292019 Principal office and registered 103 High Street office Waltham Cross Herts. EN8 7AN The trustees Mr B. Roth Mrs R. Roth Mr Y. Schreiber Independent examiner Charles Goldstein FCA 103 High Street Waltham Cross Herts EN8 7AN

Structure, governance and management

The Charity is constituted by trust deed dated 22nd June 2010, and is a registered charity.

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and activities

The charity's objective is to promote the advancement of education and learning of the Orthodox Jewish Faith, and the relief of poverty, the provision of food and drink, and wedding assistance, and such other purposes as recognised by English Law as charitable.the aims of the charity, including the issues it seeks to address and the changes or differences it seeks to make through its activities The above objectives were continued with during the year.

Achievements and performance

The charity has continued to offer assistance through education, support for the poor, medical provision, wedding assistance and learning of the Jewish faith.

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 30 June 2024

Financial review

The financial results of the Charity's activities for the year reflected in the attached financial statements together with the notes thereon.

Small company provisions

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

The trustees' annual report was approved on 21 March 2025 and signed on behalf of the board of trustees by:

Mr B. Roth Trustee

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Ozar Lenetzrochim Limited

Year ended 30 June 2024

I report to the trustees on my examination of the financial statements of Ozar Lenetzrochim Limited ('the charity') for the year ended 30 June 2024.

Responsibilities and basis of report

The trustees are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ICAEW. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act; and
to state whether particular matters have come to my attention.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

In connection with my examination, no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act 2006, and

 to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met.

Charles Goldstein FCA Independent Examiner

103 High Street Waltham Cross Herts EN8 7AN

21 March 2025

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 30 June 2024

		2024		2023
		Unrestricted
		fundsTotal funds		Total funds
	Note	£	£	£
Income and endowments
Donations and legacies	5	688,799	688,799	723,216
		`─────────`	`─────────`	`─────────`
Total income		688,799	688,799	723,216
		`═════════`	`═════════`	`═════════`
Expenditure
Expenditure on raising funds:
Cost of charitable activities	6	682,007	682,007	717,905
Expenditure on charitable activities	7,8	7,095	7,095	5,333
		`─────────`	`─────────`	`─────────`
Total expenditure		689,102	689,102	723,238
		`═════════`	`═════════`	`═════════`
		`─────────`	`─────────`	`─────────`
Net expenditure and net movement in funds		(303)	(303)	(22)
		`═════════`	`═════════`	`═════════`
Reconciliation of funds
Total funds brought forward		(897)	(897)	(875)
		`─────────`	`─────────`	`─────────`
Total funds carried forward		(1,200)	(1,200)	(897)
		`═════════`	`═════════`	`═════════`

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

The notes on pages 7 to 12 form part of these financial statements.

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Statement of Financial Position

30 June 2024

		2024	2023
	Note	£	£
Current assets
Cash at bank and in hand		–	183
Creditors: amounts falling due within one year
Trade creditors		540	540
Accruals and deferred income		660	540
		`───────`	`───────`
		1,200	1,080
		`───────`	`───────`
Net current liabilities		1,200	897
		`───────`	`────`
Total assets less current liabilities		(1,200)	(897)
		`───────`	`────`
Net liabilities		(1,200)	(897)
		`═══════`	`════`
Funds of the charity
Unrestricted funds		(1,200)	(897)
		`───────`	`────`
Total charity funds	13	(1,200) `═══════`	(897) `════`

For the year ending 30 June 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

These financial statements were approved by the board of trustees and authorised for issue on 21 March 2025, and are signed on behalf of the board by:

Mr B. Roth Trustee

The notes on pages 7 to 12 form part of these financial statements.

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Statement of Cash Flows

Year ended 30 June 2024

	2024	2023
	£	£
Cash flows from operating activities
Net expenditure	(303)	(22)
Adjustments for:
Interest payable and similar charges	914	3,303
Accrued expenses	120	–
Changes in:
Trade and other creditors	–	(550)
	`────`	`───────`
Cash generated from operations	731	2,731
Interest paid	(914)	(3,303)
	`────`	`───────`
Net cash used in operating activities	(183)	(572)
	`════`	`═══════`
Net decrease in cash and cash equivalents	(183)	(572)
Cash and cash equivalents at beginning of year	183	755
	`────`	`────`
Cash and cash equivalents at end of year	–	183
	`════`	`════`

The notes on pages 7 to 12 form part of these financial statements.

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 30 June 2024

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 103 High Street, Waltham Cross, Herts., EN8 7AN.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

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

Going concern

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

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:

(a) No cash flow statement has been presented for the company.

(b) Disclosures in respect of financial instruments have not been presented.

Judgements and key sources of estimation uncertainty

There are no judgements and estimates.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the statement of financial activities.

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2024

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2024

3. Accounting policies (continued)

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

4. Limited by guarantee

The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.

5. Donations and legacies

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2024	Funds	2023
	£	£	£	£
Donations
Donations received	688,799	688,799	723,216	723,216
	`═════════`	`═════════`	`═════════`	`═════════`

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2024

6. Cost of charitable activities

		Unrestricted	Total Funds	Total Funds	Unrestricted	Total Funds
		Funds		2024	Funds	2023
		£		£	£	£
	Religious advancement	60,128	60,128		112,667	112,667
	Maintenance and support of poor
	people	516,364	516,364		553,779	553,779
	Educational assistance	92,509	92,509		38,192	38,192
	Medical assistance	13,006	13,006		13,267	13,267
		`─────────`	`─────────`		`─────────`	`─────────`
		682,007	682,007		717,905	717,905
		`═════════`	`═════════`		`═════════`	`═════════`
7.	Expenditure on charitable activities	by fund type
		Unrestricted	Total Funds		Unrestricted	Total Funds
		Funds		2024	Funds	2023
		£		£	£	£
	Support costs	7,095		7,095	5,333	5,333
		`═══════`		`═══════`	`═══════`	`═══════`
8.	Expenditure on charitable activities	by activity type
					Total funds	Total fund
			Support costs		2024	2023
				£	£	£
	Support costs			7,095	7,095	5,333
				`═══════`	`═══════`	`═══════`
9.	Analysis of support costs
			Analysis of
			support costs		Total 2024	Total 2023
				£	£	£
	General office			6,181	6,181	1,969
	Finance costs			914	914	3,364
				`───────`	`───────`	`───────`
				7,095	7,095	5,333
				`═══════`	`═══════`	`═══════`
10.	Net expenditure
	Net expenditure is stated after charging/(crediting):
					2024	2023
					£	£
	Foreign exchange differences				–	61
					`════`	`════`

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2024

11. Independent examination fees

	2024	2023
	£	£
Fees payable to the independent examiner for:
Independent examination of the financial statements	660 `════`	540 `════`

12. Trustee remuneration and expenses

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.

13. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
								At
	At	1	July	2023	Income	Expenditure	30	June 2024
				£	£	£		£
General funds				(897)	688,799	(689,102)		(1,200)
				`════`	`═════════`	`═════════`		`═══════`
								At
	At	1	July	2022	Income	Expenditure	30	June 2023
				£	£	£		£
General funds				(875)	723,216	(723,238)		(897)
				`════`	`═════════`	`═════════`		`════`

14. Analysis of net assets between funds

	Unrestricted	Total Funds
	Funds	2024
	£	£
Current assets	–	–
Creditors less than 1 year	(1,200)	(1,200)
	`───────`	`───────`
Net liabilities	(1,200)	(1,200)
	`═══════`	`═══════`
	Unrestricted	Total Funds
	Funds	2023
	£	£
Current assets	183	183
Creditors less than 1 year	(1,080)	(1,080)
	`───────`	`───────`
Net liabilities	(897)	(897)
	`═══════`	`═══════`

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 30 June 2024

15. Analysis of changes in net debt

							At
	At	1	Jul	2023	Cash flows	30	Jun	2024
				£	£			£
Cash at bank and in hand				183	(183)			–
				`════`	`════`			`════`

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Management Information

Year ended 30 June 2024

The following pages do not form part of the financial statements.

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 30 June 2024

	2024	2023
	£	£
Income and endowments
Donations and legacies
Donations received	688,799	723,216
	`─────────`	`─────────`
	`─────────`	`─────────`
Total income	688,799	723,216
	`═════════`	`═════════`
Expenditure
Cost of charitable activities
Religious advancement	60,128	112,667
Maintenance and support of poor people	516,364	553,779
Educational assistance	92,509	38,192
Medical assistance	13,006	13,267
	`─────────`	`─────────`
	682,007	717,905
	`─────────`	`─────────`
Expenditure on charitable activities
Insurance	150	–
Travel expenses	1,056	520
Telephone	–	655
Accountancy fees	660	540
Bank charges	914	3,303
Foreign exchange gain/loss	–	61
Advertising	433	75
Stationery & postage	220	179
Fundraising costs	3,662	–
	`───────`	`───────`
	7,095	5,333
	`───────`	`───────`
	`─────────`	`─────────`
Total expenditure	689,102	723,238
	`═════════`	`═════════`
	`─────────`	`─────────`
Net expenditure	(303)	(22)
	`═════════`	`═════════`

Ozar Lenetzrochim Limited

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 30 June 2024

	2024	2023
	£	£
Expenditure on charitable activities
Support costs
*Support costs*
Insurance	150	–
Travel expenses	1,056	520
Telephone	–	655
Accountancy fees	660	540
Bank charges	914	3,303
Foreign exchange gain/loss	–	61
Advertising	433	75
Stationery & postage	220	179
Fundraising costs	3,662	–
	`───────`	`───────`
	7,095	5,333
	`───────`	`───────`
	`───────`	`───────`
Expenditure on charitable activities	7,095	5,333
	`═══════`	`═══════`