REGISTERED COMPANY NUM8ER: 08589254 IEn8land 3nd Wales) REGTERED CHAIUTY NUMBER.. 1155740 REPORT OF THE TRUSTEES AND FINANCIAL STATEMEiirs FOR THEYEAR ENDED31 DECEMBER 2023 FOR HATZOLA EARE MGR Paris Limited Chartered kcountsnts Russèll Hj%e 140 High Street Ed8ware HA8 7LW
HATZOLA EDGWARE CONTENTS OF THE FINANCIAL STATEMEpirs FOR THE YEAR ENDEO 31 DECEMBER 2023 Report olthe Trustees Independent Examlnerfs Report Statement of Financlal Actlvltles Balance Sheet 5 to 6 Cash Flowstatement Notesto th• Cash Flowsiateme Notes to the Finantial StaterneThts 9 to 14 Detalled Statementof FInala1 Actl¥l
HATZOLA EDGWARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees who are also dirertors of the charity lor the purposes of the Companle5 Act 2006, present thelr report wlth the flnancial statements of the cb.anty lor the year ended 31 December 2023. The trustees have adopted the prov15ions of A£courTrting and Reporti-. g by Ci)arities'. )tatenent of Aecomrnended Practlce pPliCable to char ties preparing their accounts in accordance with the Financial Reportillg Standard appllcable In the UK and Republic of Ireland IFRS 1021 (effective l January 20191. O&JECTIVES AND ACTivifiES Oblèrtlvès and aims latzo13 is a patient focused or8anisadon prodIng Accident & EmerKency SeN'ces and Patient Transport Servlces within Edgware and the surrounding areas. Hatzola is staffed by emergency care responders l ambulance drfver5 and trai.-ed dispatch operator5 all of whom are ¥olunteer5 and give of their time free ol charge. The service 15 pmvided 24 hours a day 36S days a year. The organisation has adapted the seriCe it provides to ensure It best meets the needs of the patients wlthln the communlty it serves. Patients range from the critically ill and Injured. to thL¥5e wjth rninor healthca needs who tan assessed and treated at home in the community or provided with self<are advice. Fund5 are being raised for Hatzola activities in the Borehamwood area. Public benefit The Trustees have paid due regard to the Charlty Commission's 8uidance tTrn public benefit in deciding what activitie5 the Charity should undertake. Although Hatzola's activities are aiffled prirr.anly at supportip,g the jewish Community it does respond to talls frem any member of the public and a150 act5 35 a First Responder Unit for the London Ambulance Service. Volunteers The Mèmbers Operat¢xs work on a volunleer basis. Thus the operatlonal costs of the organisation are kept to minimum, STRATEGIC REPORT A¢hlevement and perfoman¢e OblèctSve$for the year and plans for the luture The overall objectlve ol any given year for Hatiola is to ensure thal it can continue to provide an excellent SeCe to an increan8 number of emergency calls. Financial review Reserv?s poli The Charity has a policy to maintsin unrestricted lunds. which are the free reserves of the Charity. at a level which provides sufficient funds to cover management and administratson $ts in the mediurn term, and to continuè to expand our acti¥itles. Cash reserves are bein8 hdd for the purchase ol another ambulance and capitsl equlpment. STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its 8overnin8 document. a deed of trusL and constitures a limited company, limited by guarantee, as defined by the Companie5Act 2(. Page I
HATZOLA EOGWARE REPORT OF THE TRUSTEES FOR THE YEAR ENDED31 DECEMBER 2023 The tharity Is conirolled by It5 governin8 documenL a deed of tru5( and const5tutes a limited company, Ilmlted by 8uaTantee, as defined by the Companles Att 2006. Hatzola Edgware wa5 set up as a Compary Lirnited by Guarantee 28 June 2013. Hatzola Edgware 15 a Charity registered with the Charity Commission under registration number 1155740 and is commonly known a5'Hatzola". The Trustees entompa$5 Indiwdu315 Wlth diverse bar*grounds and experience. There is no minimurn or maximum time that an individual may be a Trustee. New tfU5tee5 are gNen the opportunity to peruse the formal Accounts for the years prior to their appointment, as well a5 hawng access to inforniation concerning Hatzola's current financial sltuation. TTUStoes aim to meet formally at least once a month and are also involved in the daY-tdaY rnanagement. REFERENCE AND ADMINISTRATIVE DAll5 Registered Company nurnber 08589254 IEn8lènd and Walesl Re8istèred Charity number 1155740 Rezlstered offKe 16 Broadfields Avenue Edgware Middlesex HA8 8PG Trustees T Gros5kopf D Rabson E Hambling Independent Emaminer Lee Paris MGR Paris Limited Chartered Accountanrs Russell House 140 High Street Edgwzre IA8 7LW Report of the trustees. Incor directors, on oratin8 a strate8ie report, approved by order of the board of trustees, as the company ..25.J..o..g.1..40Trl........ and si8neil on the board's behalf by.. E Hambling- Tfustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HATZOLA EDGWARE Independont examlner's réport to the trustees of Hatzola Edzware Ilhe Company'l I report to the charity trustees on my examination of the accounts of ihe Company for the yEhr ended 31 December 2023. Responslbllitles and basis of report As the charity's trustees ol the Company land a150 Its direttors for the purposes of company lawl you are responslble for the preparation of the auounts Sn accordance with the requirementsof the Companies Art I'the 2006 Act'l. Having satisfied myself that the accounts of the Comp3ny are not required to be audited under Part 16 of the 2006 Act and are eli8lble for independent ÈX2minaiSon, I report in respect of my examlnation ol your charlty's accounts as carried out under Section 145 of the Charitie5 Act 20111'the 2011 AC..). In earrying out my emamlnation I have fDllowed the i*'rection$ 8iven by the Charity Commission under Section 145151 Ibl of the 2011Act. Independent examin.5 ststefflent Since your charity's gross income exceeded E250.(D) your examiner must be a member of a listed body, I f an confirm that l am qu81ified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my ex3minatk)n. I confirm that no matters have eome to my attention in connertion wth the examination 8ivin8 me cause to believe.. a¢ctsuntln8 records were not kept in respect of the Company a5 required by Section 386 of the 20C6 Act.. or the accounts do not accord with those records.. or the accounts do not comply wilh the accounting requirements of Section 396 of the 2CK16 Art other than any requirement that the aeeotjnts 8we a true and fair wew which is nol a matter considered as part of an independent examinatlon,. or the accounts have not been pre Recommènded PractKe for acc accounts in accordance wth th 10211. actordance with the methods and prfnciples of the Statement of untin8 land reporting by tharities lapplicable to charities preparing thelr Finanaal Reporting Standard applicable In the UK and Republlc of Ireland IFRS I have no concems and have to 5hauld be drawn in this report in across no o rder to enabl her matters in conDecbon wth the examination to whith attention a proper understandin8 of rhe accounts to be reached. Chartered Attountants in England and Wales MGR arSs Limlted Chartered Accountants Russell House 140 Hi8h Street Edgware HA8 7LW Date.. ..qs l..c).l..l.,Qo 14..... Page 3
HATZOiA EDGWARE STATEMENT OF FINANaAL ACnv1ES FOR THE YEAR ENDED31 DECEMBER2023 31.12.23 Total funds 31.12.ZZ Total funds fund fund INCOME AND ENDOWMENTS FROM Donations and legacies 660,287 660,287 320,804 EXPENOtruRE ON Fundraising artlvities 11.552 11,552 7,049 Charitable artivities Support costs Donations 554.998 554,998 465,092 868,479 Total 566.550 566,5SO 1,340,620 NEf INCOMEIIEXPENorruREI 93,737 93,737 11,019,8161 REC014CIUATION OF Fuf405 Total funds brought forward 125.468 125,468 1,145,284 TOTAL FUNDS CARRIED FORWARD 219.205 219.205 125,468 The notes form part of these financial statements Pa8e 4
HATZOLA EDGWARE BALANCE SHEET 31 DECEMBER 2023 31.12.23 Total lunds 31.12.22 Total fvnds Unrestricted RestriG fund FIXED ASSETS Tan8iblÈ assets io 136.810 136,810 86,840 CURRENT ASSETS Debtors Cash at bank li 11,430 110,108 11,430 110,108 6,413 44.203 121,538 121,538 50,616 CREDITORS Amount5 falling due withln une year 139.1431 139.1431 111,9881 NET CURRENT ASSErs 82,395 82,395 38,628 TOTALAss5 LESS CURREMf IlABiimES 219.205 219.205 125,468 NET ASSETS 219,205 219,205 125,468 FUNDS Unre5trlcted fvnds 13 219,205 125,468 TOTALFUNDS 219,205 125.468 The charitable cornpany is entitled to exemption from audit under Section 477 of the Companle5 Act 20[6 for the year ended 31 December 2023. The mernbers have not required the company to obtain an audit of its finanaal ststements for the yèar ended 31 Dember 2023 in accordance with Section 476 ofthe Companies Art The trustees ackn0ed6e their responbIlItIeS for lal ensuring that the charitable cornpany keeps eInting retords that comply with Sections 386 and 387 of the Companies Act 21YJ6 and preparing fr'nancial statements which a true and lair wew ot the state of affair5 of the charitable company as at the end of each finantial year and of its surplus or defiat for each financial year in accordance wlth the rei4uirements of Sections 394 and 395 and which otherwise compfy with the requirements of the Companies Art 2CQ6 relating to financial statements, $0 faras applicable to the charitable companv. The financial statements were aDproved by the Board of Trustees and authorised fDf issue on ..l.o..i.l...lo.*(k......... and were signed on its behalf by.. D Rabson- Trustee The notes form part of these linantial statements Page 5 continued...
HATZOLA EDGWARE BALANCE SHEET- contSnued 31 DECEMBER 2023 E Hambling- Trustee The notes form part of these finantial statements Page 6
HATZOLA EDGWARE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 31.12.23 31.1222 Notes Cash Ilows from oper1 activrlles Cash generated from operations 225,356 1221.7411 Net cash prorfded byllused inl operating activities 225,356 1221,7411 Cash ftows from Invèaing actl¥it*s Purth3se ol tangible fixed assets 1159.4511 Net cash lused Inllprovlded by investing artNities 1159,4511 Change In cash and cash eguivaknts in the reportlng period Cath and cash equivalentsat the be8knnl of thè rèporting period 1221,7411 44.203 265,944 Cash and cash eqUIlei$ atthe end of ihe reportlng perfod 110,108 44,203 The notes forni part of these financial 5tstements Page 7
HATZOLA EDGWARE NOTES TO THE CASH FLOW STATEMEP FOR THE YEAR ENDED 31 DECEMBER 2023 RECONCIUATION OF NET INCOMVIEXPENDITUREI TO NET CASH FLOW FROM OPERATING AcllviTIES 31.12.23 31.12.22 Net IOrne/(expendItre} forthe reporting period las perthe Statement of Flnon¢ial Artfj¥ltlesl Adjustments for: Depreciation charges Ilncreaselldecrease in debtors Increaselldecreasel in creditors 93,737 11,019,816) IIF),481 15.0171 27.155 64,620 879,338 1145,8831 Net ¢ash provlded byllused kn) operdtirrf 225,356 1221,7411 ANALYSIS OF CHANGES IN NEf FUNDS At 1.123 Cash Ilow At 31.12.23 Net cash Cash at bank 44.203 65,905 110.108 44,203 65.905 110,108 Total 44.203 65,905 110,108 Tre notes form part ofthese finznaal 5tstements Page 8
HATZOLA EDGWARE NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCI)UNTrNG pouaES Ba$ of prepamtthe financ?al statements The financial statements of the ¢haritaSle company, whlch is a public benefit entity under FR5 102. have bEen prepared in accordance with the Chartties SORP IFR5 1021'Accounting and Reporting by Charities.. Statement of Recornmended Practice applicable to charftie5 prepar',ng their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Irela,?d IFRS 1021 leffective l January 20191,, Financial Reporting standard 102 'The Financl31 Reporting Standard applicable in the UK and RÈpublic ol Ireland, and the Cornpanie5 Act 2CKJ6. The financial 5taternents have been prepared under the historical cost coD.venti¢)n. Income All Income is re£ognlsed in the Statement of Finanoal Artit$ once the tharity has entitlement to the funds, it is probable that the income will be reteived and the amount can be measured rellabty. Expendllure abilities are recognised as expenditure as soon as tb.ere is a legal or constructive obllgatlDll committin8 the charity to th3t expenditure, it Is pfoDable that a transfer of economic benefit5 will be required in settlement and the arnount of the obligation can be measured reliably. Expendituro is accounted lor ofi an accruals bas and has been ClasfIed under headings that aggregate all cost relaled to the category. Where costs cannot be dIreI¥ attributed to particular headings they have been allocated to activities on a basis consistent with the usè of resources. Tanglble fixed assets Depreciation Is provitled at the followin8 annual rates in order to write off each 855et over its estimated useful Medlcal & communication equlpment Arnbulance 25% on reduting balance 20% on cost Taxati¢ The charlty Is exempt frorn corporation tax on It5 charitable a¢tfvltle5. Fund actowntinl Unrestricted funds can bè used in accordance wrth the charitable obIttVe$ at the discretion ol the trustees. Restricted fund5 can only be used for particular restricted purposes within the objects ol the charity. Restrictions arise when speckfied by the donor or when fvnd5 are raised lor partScular restricted purposes. Further explanation of the nature and purpose of each fund is Induded in the notes to the financlal staternents. Debtgrs •nd credhors re¢el¥atrlelpayable wfthln i)ne year Debtors and creditors with no stated interest rate and reCvable and payable within one year are recorded at transaction price. Any 105se5 arisin8 from impairrnent are recognised In the profit and Ioss account in oiher administrative expenses. Cash and ¢ash equlwalents Cash and cash equiwdlents include cash In hand and deposits held at call with banks wirh orl8lnal maturities of three months or le5$. Page 9 cgntinued...
HATZOLA EDGWARE NOTES TO THE FINANCIALSTATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 DONATIONS AND LEGACIE5 2023 2022 Donations- Edgware 660,287 320,804 660,287 320,804 FUNDRAISING ACnVITIES Ralsln8 donatlons and legzcies 31.12.23 3L12.22 Support costs 11.552 7,049 CHARITABLE ACTNillES COSTS Direct Costs Suppart Costs 554,998 SUPPORT COSTS Mana8ement Raising donations and le8acle5 11,552 NET INCOMEIIEXPENDITURE) Net incomellexpenditurel Is stated after thargingjlcrediting).. 31.12.23 31.12.22 Oeprèaation - gwned assets Hire of plant and machlnery Other operating leases 109,481 90,126 5.336 64.520 S9.868 8,076 Page 10 continued...
ItATZOLA EDQ¥VARE NOTES TO THE FINANCIAL STATEMEP4TS- conllnuod FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 tkcember 2023 nor for the year ended 31 December 2022. Trusteès. expenses There were no tNstees' expenses paNI lor the year ended 31 December 2023 nor lor the year ended 31 Deomber 2022. STAFF COSTS 31.U.23 Jl.12.22 Wages and salaries 32,255 23,396 32.255 23,396 The average monthly nurnber ofemployees dutfhg theyear was as foll 31.12.21 51.1222 Admin No employees recewed emoluments in ex¢ess of £60.IXX]. COMPARATIVES FOR THE 5TATEMENf OF FINANCIAL ACTivinES Unrestrkted Restrlcted fvnd nd Totsl fvnds INCOME AND ENDOWMENTS FROM Donations and le8acles 320.804 320,804 EXPENOITURE ON Fundrai51ng actlvities 7.049 7,049 (harR31Ae 4rtl¥ltles Support costs Donatlons to EdgWa Hatzola Holdings Ltd 465.C82 868,479 465,092 868,479 Totsl 1.340,620 1,340,620 NET INCOMEIIEXPENDttUAE 11.019A161 11,019,816) RECONCIUATION OF FIJNDS Ttstal funds brought forward 1,145,284 1,145,284 TOTAL FUNDS CARRIED FORWARD 125,468 125,468 Page 11 coTrtlnued...
HATZOLA EDGWARE NOTES TO TIIE FINANCIAL STATEMENTS- cOnU FOR THE YEAR ENDED 31 DECEMBER 2023 io. TANGIBLE FIXED ASSEts Medical & communi¢4ti0n equiprnent Ambulanct Total$ COST At l January 2023 Additions Disposals 404,681 140,251 151,OCN)I 404,681 159.451 151,0001 19.2LKI At 31 December 2023 19,2LKJ 493.932 513,132 DEPRECIATION At l January 2023 Charge for year Eliminat?d on dTSposal 317,841 104,926 (si,0() 317,841 ILVJ,481 151,Otoi 4,555 At 31 December 2023 4.SS5 371,767 376,322 NETBOOKVAWE At 31 December 2023 14,645 122,165 136,810 At 31 December 2022 86.840 ii. DEBTORS: AMOUNTS FALUNG DUE WIThIN ONE YEAR 31.12.23 31.12.22 Prepayrnents 11.430 S,413 12. CREOITORS: AMOUNTS FAWNG DUE WTH114 ONE YEAR 31.122J 31.1222 Trade credstors Other creditors 37,698 1.445 10,123 1,865 39.143 11,988 Page 12 conttnued...
HATZOLA EDGWARE NOTES TO THE FINANCIAL STATEMENTS- COnnUed FOR THE YEAR ENDED 31 DECEMBER 2023 13. MOVEMEfrif IN FUNDS movement in lunds At 31.12.Z3 At 1.123 Unrestrfcted funds General fut)d 93,737 219,205 TOTAL FUNDS 125.468 93,737 219,205 Net rnovement in funds, Included in the above are as follows.. lThcomSng Resources expended Movement lunds unstrICted funds General fund 660,287 IS66,5501 93.737 TOTAL FUNDS 660,287 1566,5501 93,737 Comparatbm for rnovernent ITh funds rnovernent in funds At 31.12.22 At 1.1.22 Unrestrirted lunds Generil fund 1.145,284 11.019,8161 125.468 TOTAL FUND5 L145.284 11,019,816) 125,468 C¢ynparative net rnovement In funds, included in the above are as follows.. Rtsources empended Movement In funds resources unrèstr1rt funds General fund 320.804 11,340.6201 11,019.8161 TOTAL FUNDS 320,804 11,340,620) 11,019,816) Page 13 continued..,
HATZOLA EDGWARE NOTES TO THE FINANCIAL STATEMENTS- contlThued FOR THE YEAR ENDED 31 DECEMBER 2023 13. MOVEMEpn IN FUNDS- contlfvued A current year 12 months and prfor year 12 months tt•mblned pos[On is as follows: Net fflovement in funds At 31.12.23 At 1.1.22 Unrestrirted funds General fund L145,Z84 1926,0791 219,205 TOTAL FUNDS 1.145.284 1926,079 219,205 A Current year 12 rnonths and prtor year 12 month5 combined net mLvement in funds. included In the abiwe are as follows- IrKomlng resour Resources expended Movement in fvnd5 UnIettedfvtsd5 General fund 981,091 11.907,1701 926.0791 TOTAL FUNDS 981.091 11,907.1701 1926,0791 RELATED PARTY DISCLOSURES There were no related party transattions forthe year ended 31 December 2023. ULTIMATE CONTROLUNG PARTY 15. The charity Is under the control of its trustees. Page 14
HATZOLA f DGWARE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR ThE YEAR ENDED 31 DECEMBER 2023 31.1223 31.12.22 INCOME AND ENDOWMENTS Donation5 and legacles Donations Insurance claims 616,197 44,090 320.804 660,287 320,8D4 Total Intoming resources 660,287 320,804 EXPENDITURE Charlt?ble actfvltles Wages General expenses Consultancv Medical supplles Insurance Rent, rates & servicè charge Telephone Postage and stationery Course5 & trainin8 Awards and recognition Fuel and malntenance Waste collection Depn of ambulance Donations 32.255 ,126 5.336 128,387 24,543 27.482 26,151 1.126 30,219 23,746 53,594 2.552 ICQ,481 23.396 59.868 8,076 134,885 20,991 29,317 22,865 1,346 39,443 11,358 46,737 2,224 $4,586 868,479 554.998 1,333,571 Support C05ts Mana8ement Fundraislng 11,552 7,049 Total resources expended 566,550 1.340,620 Net Incomellexpendlture) 93,737 11,019,816) This page doès not lorrn part of the statutory finantial statements Page 15