## **Zichron Zvi Trust** ## **Annual Report and Financial Statements** **For year ended 30 June 2023** ## **Charity Number** **1140831** **Whiteside and Davies Chartered Certified Accountants** 158 Cromwell Road Salford M6 6DE Page 2 ## **Zichron Zvi Trust** Charity Commission Number 1140831 Financial Statements For Year Ended 30 June 2023 ## **Contents** |Charity Information
Report of The Trustees
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes forming part of the financial statements
Detailed Statement of Financial Activities|**Page**| |---|---| ||3
4 - 5
6
7
8
9
10| Page 3 ## **Zichron Zvi Trust** Charity Commission Number 1140831 Financial Statements For Year Ended 30 June 2023 ## **Charity Information** ## **Board of Trustees** Menachem Friedman Yoel Friedman Yehuda Bittman ## **Administration Address** 12 Turner Street Salford M7 4PD ## **Charity Number** 1140831 ## **Bankers** Cashplus Bank Cottons Centre Cottons Lane London SE1 2QG ## **Accountants and Independent Examiners** Whiteside and Davies 158 Cromwell Road Salford M6 6DE Page 4 ## **Zichron Zvi Trust** Charity Commission Number 1140831 Financial Statements For Year Ended 30 June 2023 ## **Report of the Trustees** ## **Status and Administration** The Charity constituted by trust deed, dated 20th May 2020 is a registered charity. ## **Trustees** The Trustees in office throughout the year were Mr M Friedman, Mr Y Friedman and Mr Y Bittman. No trustee nor any person connected with them received any remuneration during the year. ## **Charitable Objects** The object of the charity is; The relief of financial hardship among people of the Jewish community in the Greater Manchester area by providing such persons with goods at cost or below. During the year the charity made use of its obtained funds and reserves, of which £51,965 (2022: £55,736) was utilised by making charitable grants and donations. It is envisaged that similar progress will ensue in the following year. ## **Donations received** Donations received during the year amount to £34,750 (2022: £66,499). ## **Grants and Donations** None of this valuable work would be possible without the ongoing support of our funders who have faith in our organisation. These funds have enabled us to provide the much needed support to the beneficiaries The recipients of our services continuously express their appreciation and admiration to all members of the public that assist us in delivering vital services. We are proud to state that the funds are being utilized to provide maximum benefit possible to as many beneficiaries as possible. ## **Reserves Policy** The trustees retain reserves as necessary and where appropriate, consolidate funds in order to make more substantial grants which they feel to be appropriate. ## **Public Benefit Disclosure** The Trustees confirm their compliance with the duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives in planning future activities. ## **Remuneration and benefits** The trustees received no remuneration and benefits during the year. ## **Governing Document** The charity's governing document is in the form of a trust deed. The revised trust deed was signed on 20th May 2020. Page 5 # **Zichron Zvi Trust** Charity Commission Number 1140831 Financial Statements For Year Ended 30 June 2023 ## **Report of the Trustees (continued)** ## **Responsibilities of the Trustees** Charity Law 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 as at the Balance Sheet Date, and of its incoming resources, including income and expenditure for the financial year. In preparing those financial statements, the Trustees should follow best practice and - a. Select suitable accounting policies and apply them consistently. - b. Make judgments and estimates that are reasonable and prudent. - c. Follow applicable accounting standards and the Charities SORP, disclosing and explaining any departures in the financial statements. - d. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them as Trustees to ensure that the financial statements comply with the Charity Law. The Trustees are also responsible for safeguarding the charity's assets and hence for taking reasonable steps for the prevention and detection of fraud and other regularities. Approved by The Trustees on 10/04/2024 Menachem Friedman - Trustee Page 6 # **Zichron Zvi Trust** Charity Commission Number 1140831 Financial Statements For Year Ended 30 June 2023 ## **Independent Examiner's Report to the Trustees** I report on the financial statements of Zichron Zvi Trust for the year ended 30 June 2023. ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2015 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2015 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: a) the accounting records were not kept in accordance with section 130 of the Charities Act; b) the accounts did not accord with the accounting records; or c) the accounts did not comply with the applicable requirements concerning the form and I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. David Pollak Whiteside and Davies 158 Cromwell Road Salford M6 6DE Date: 10 April 2024 Page 7 ## **Zichron Zvi Trust** ## Charity Commission Number 1140831 Financial Statements ## For Year Ended 30 June 2023 ## **Statement of Financial Activities** |**Incoming Resources**
Donations Received
Grants Received
**_Less:_**
**Charitable expenditure**
_Cost of Activities In Furtherance_
_of the Charity's Objects_
Bursaries and distributions
**Administrative expenditure**
Governance costs
General administrative expenses
**Accumulated Funds**
Net surplus / (deficit) for the year
Balance brought forward
Balance carried forward|_Notes_
_3_
_4_||_Unrestricted_
_funds_
_£_
34,750
10,000
44,750
51,965
51,965
700
91
791
-8,006
9,565
1,559|**_2023_**
**_Total_**
**_£_**
**34,750**
**10,000**
**44,750**
**51,965**
**51,965**
**700**
**2,494**
**791**
**-8,006**
**9,565**
**1,559**|_2022_
_Total_
_£_
66,499
0
66,499
55,736
55,736
500
2,494
2,994
7,769
1,796
9,565| |---|---|---|---|---|---| The notes on page 9 form part of these accounts. Page 8 ## **Zichron Zvi Trust** Charity Commission Number 1140831 Financial Statements ## For Year Ended 30 June 2023 ## **Balance Sheet At 30 June 2023** |**Current Assets**
Cash at Bank
**Current Liabilities**
Accruals
_5_
**Net Assets**
**Accumulated Funds**
Restricted
Unrestricted|**_2023_**
**_£_**
**2,159**
**2,159**
**600**
**600**
**1,559**
**0**
**1,559**
**1,559**|_2022_
_£_
10,065
10,065
500
500
9,565
0
9,565
9,565| |---|---|---| Approved by the Trustees on 24 April 2023 and signed on behalf of them all. Menachem Friedman - Trustee The notes on page 9 form part of these accounts. Page 9 ## **Zichron Zvi Trust** Charity Commission Number 1140831 Financial Statements For Year Ended 30 June 2023 ## **Notes To The Accounts** ## **1) Principal Accounting Policies** ## Basis of Accounting The Accounts have been prepared under the historical cost convention in accordance with the Charities Act (Accounts and Reports) 2011, and the Financial Reporting Standard for Smaller Entities (Effective April 2008), and follow the recommendations in Accounting and Reporting by Charities: Statement of Recommended Practice (Issued March 2005). ## Cash Flow The accounts do not include a cash flow statement because the charity as a small reporting entity is exempt from the requirement to prepare such a statement. ## Donations and Fund Accounting Rental Income received for the general and main purposes of the Charity is included as unrestricted funds in the Statement of Financial Activities when receivable. Donations and Grants for activities restricted by the donors are taken to restricted funds if the wishes and conditions of the donor are legally binding on the Trustees. ## Resources Expended Resources expended are accounted for on an accruals basis. Certain expenditure is apportioned to cost categories based on estimated amount attributable to that activity in the year. These estimates are based on the time and level of activity as appropriate. Management and administration costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. The irrecoverable element of VAT is included with the item of expense to which it relates. Depreciation Depreciation on tangible assets is calculated at 15% reducing balance. ## Support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. ## **2) Turnover** The total turnover of the charity for the year has been derived from its principal activity wholly undertaken in the UK. |**3) Bursaries and distributions**
**4) Governance Costs**
**5) Current liabilties**
Accruals|**_2023_**
**_£_**
**51,965**
**51,965**
**_2023_**
**_£_**
**700**
**700**
**_2023_**
**_£_**
**600**
**600**|_2022_
_£_
55,736
55,736
_2022_
_£_
500
500
_2022_
_£_
500
500| |---|---|---| Page 10 ## **Zichron Zvi Trust** ## Charity Commission Number 1140831 Financial Statements ## For Year Ended 30 June 2023 ## **Detailed Statement of Financial Activities** |**Incoming Resources**
Donations Received
Grants Received
**_Less:_**
**Charitable expenditure**
_Cost of Activities In Furtherance_
_of the Charity's Objects_
Bursaries and distributions
**Administrative expenditure**
Accountancy
Bank Charges
Light and Heat
Heat
**Accumulated Funds**
Net surplus / (deficit) for the year|_Notes_||_Unrestricted_
_funds_
_£_
34,750
10,000
44,750
51,965
51,965
700
91
0
0
791
-8,006|**_2022_**
**_Total_**
**_£_**
**34,750**
**10,000**
**44,750**
**51,965**
**51,965**
**700**
**91**
**0**
**0**
**791**
**-8,006**|_2021_
_Total_
_£_
66,499
0
66,499
55,736
55,736
500
69
2,078
347
2,994
7,769| |---|---|---|---|---|---|