Charity registration number 1155740
Company registration number 08589254 (England and Wales)
HATZOLA EDGWARE
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HATZOLA EDGWARE
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees D Rabson E Hambling T Grosskopf Charity number 1155740 Company number 08589254 Independent examiner CHS Accountants Limited Lower Ground Floor, 13 High Road London N15 6LT
HATZOLA EDGWARE
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 2 |
| Statement of trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 - 15 |
HATZOLA EDGWARE
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees, who are also the directors of the company for the purposes of the Companies Act 2006, present their annual report and financial statements for the year ended 31 December 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "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).
Objectives and activities
The objects of the charity are:
A. To preserve the health of the persons suffering from physical illness by providing or assisting in the provision of equipment, facilities and services ancillary to those provided by first responders and the ambulance services. B. To assist in the treatment and care of persons suffering from physical illness of any description C. To advance the education of the general public in all areas relating to emergency first aid. D. The promotion of any other exclusively charitable objects and purposes such as the trustees see fit, provided that they are regarded as charitable by the law of England and Wales.
Hatzola is a patient focused organisation providing Accident & Emergency Services and Patient Transport Services within Edgware and the surrounding areas.
Hatzola is staffed by emergency care responders / ambulance drivers and trained dispatch operators all of whom are volunteers and give of their time free of charge. The service is provided 24 hours a day 365 days a year.
The organisation has adapted the service it provides to ensure it best meets the needs of the patients within the community it serves.
Patients range from the critically ill and injured, to those with minor healthcare needs who can be assessedand treated at home in the community or provided with self-care advice.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Although Hatzola's activities are aimed primarily at supporting the Jewish Community it does respond to calls from any member of the public and also acts as a First Responder Unit for the London Ambulance Service.
Achievements and performance
Significant activities and achievements against objectives
During the year the charity received donations totalling £407,180 (2023: £660,288) and total resources expended amounted to £511,104 (2023: £566,551).
Financial review
The financial results for the year to 31 December 2024 are fully reflected in the attached Accounts and the notes thereon. As at 31 December 2024, the charity has Unrestricted Funds of £115,281 (2023: £219,205).
Reserves policy
The Charity has a policy to maintain unrestricted funds, which are the free reserves of the Charity, at a level which provides sufficient funds to cover management and administration costs in the medium term, and to continue expand our activities.
Structure, governance and management
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association dated 28 June 2013.
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HATZOLA EDGWARE
TRUSTEES' REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
D Rabson
E Hambling
T Grosskopf
Recruitment and appointment of trustees
The Trustees encompass individuals with diverse backgrounds and experience. There is no minimum or maximum time that an individual may be a Trustee. New trustees are given the opportunity to peruse the formal Accounts for the years prior to their appointment, as well as having access to information concerning Hatzola's current financial situation. New trustees are appointed based on personal competence, availability and knowledge and familiarity with the community which the charity serves. New trustees are inducted into the workings of the charity by the existing trustees.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Organisational structure
Trustees aim to meet formally at least once a month and are also involved in the day-to-day management.
The trustees' report was approved by the Board of Trustees.
D Rabson
Trustee
E Hambling Trustee
30 September 2025
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HATZOLA EDGWARE
STATEMENT OF TRUSTEES' RESPONSIBILITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees, who are also the directors of Hatzola Edgware for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company 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 and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.
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HATZOLA EDGWARE
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HATZOLA EDGWARE
I report to the trustees on my examination of the financial statements of Hatzola Edgware (the charity) for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
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, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Pini Shebson ACA
CHS Accountants Limited Lower Ground Floor, 13 High Road London N15 6LT
Dated: 30 September 2025
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HATZOLA EDGWARE
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 407,180 | 660,288 |
| Total income | 407,180 | 660,288 | |
| Expenditure on: | |||
| Raising funds | 4 | 5,892 | 11,552 |
| Charitable activities | 5 | 505,212 | 554,999 |
| Total expenditure | 511,104 | 566,551 | |
| Net income/(expenditure) and movement in funds | (103,924) | 93,737 | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2024 | 219,205 | 125,468 | |
| Fund balances at 31 December 2024 | 115,281 | 219,205 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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HATZOLA EDGWARE
BALANCE SHEET
AS AT 31 DECEMBER 2024
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible assets | 11 | 140,221 | 136,810 | ||||
| Current assets | |||||||
| Debtors | 12 | 31,335 | 11,431 | ||||
| Cash at bank and in hand | 20,673 | 110,108 | |||||
| 52,008 | 121,539 | ||||||
| Creditors: amounts falling due within | 13 | ||||||
| one year | (76,948) | (39,144) | |||||
| Net current (liabilities)/assets | (24,940) | 82,395 | |||||
| Total assets less current liabilities | 115,281 | 219,205 | |||||
| The funds of the charity | |||||||
| Unrestricted funds | 14 | 115,281 | 219,205 | ||||
| 115,281 | 219,205 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 30 September 2025
| DavidRabson | Mint |
|---|---|
| D Rabson | E Hambling |
| Trustee | Trustee |
Company registration number 08589254 (England and Wales)
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HATZOLA EDGWARE
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes Cash flows from operating activities Cash (absorbed by)/generated from operations 16 Investing activities Purchase of tangible fixed assets Net cash used in investing activities Net cash used in financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2024 £ (41,931) |
2023 £ £ £ (47,504) 225,356 (159,451) (41,931) (159,451) - - (89,435) 65,905 110,108 44,203 20,673 110,108 |
|---|---|---|
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HATZOLA EDGWARE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
Charity information
Hatzola Edgware is a private company limited by guarantee incorporated in England and Wales. The registered office is 16 Broadsfields Avenue, Edgware, HA8 8PG.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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HATZOLA EDGWARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Medical equipment 20% Reducing balance Ambulances 20% Straight-line basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.9 Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
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HATZOLA EDGWARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
1 Accounting policies
(Continued)
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.10 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| £ | £ | |
| Donations and gifts | 407,180 | 660,288 |
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HATZOLA EDGWARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
4 Expenditure on raising funds
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Fundraising and publicity | |||
| Other fundraising costs | 5,892 | 11,552 | |
| 5 | Expenditure on charitable activities | ||
| Total funds | Total funds | ||
| 2024 | 2023 | ||
| £ | £ | ||
| Direct costs | |||
| Staff costs | 62,639 | 32,255 | |
| Depreciation and impairment | 38,520 | 109,481 | |
| General expenses | 74,844 | 90,127 | |
| Insurance | 27,746 | 24,543 | |
| Rent, rates & service charge | 8,159 | 27,482 | |
| Courses and training | 39,121 | 30,219 | |
| Fuel and maintenance | 79,999 | 53,594 | |
| Waste collection | 3,703 | 2,552 | |
| Medical supplies | 105,642 | 128,387 | |
| Awards and recognition | 21,308 | 23,746 | |
| Telephone and communication | 33,017 | 26,151 | |
| 494,698 | 548,537 | ||
| Share of support and governance costs (see note 6) | |||
| Support | 5,186 | 1,126 | |
| Governance | 5,328 | 5,336 | |
| 505,212 | 554,999 | ||
| Analysis by fund | |||
| Unrestricted funds | 505,212 | 554,999 |
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HATZOLA EDGWARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
6 Support costs allocated to activities
| General administrative costs Bank fees Governance costs Analysed between: Charitable activities Governance costs comprise: Independent examiner fees Legal and professional 7 Net movement in funds The net movement in funds is stated after charging/(crediting): Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets |
2024 £ 2,278 2,908 5,328 10,514 10,514 2024 £ 1,200 4,128 5,328 2024 £ 1,200 38,520 |
2023 £ 1,126 - 5,336 |
|---|---|---|
| 6,462 | ||
| 6,462 | ||
| 2023 £ - 5,336 |
||
| 5,336 | ||
| 2023 £ - 109,481 |
8 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
9 Employees
The average monthly number of employees during the year was:
| Employment costs Wages and salaries |
2024 Number 6 2024 £ 62,639 |
2023 Number 3 |
|---|---|---|
| 2023 £ 32,255 |
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HATZOLA EDGWARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
9 Employees
(Continued)
There were no employees whose annual remuneration was more than £60,000.
10 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
11 Tangible fixed assets
| Medical | Ambulances | Total | |
|---|---|---|---|
| equipment | |||
| £ | £ | £ | |
| Cost | |||
| At 1 January 2024 | 19,200 | 493,932 | 513,132 |
| Additions | - | 41,931 | 41,931 |
| Disposals | - | (353,681) | (353,681) |
| At 31 December 2024 | 19,200 | 182,182 | 201,382 |
| Depreciation and impairment | |||
| At 1 January 2024 | 4,555 | 18,086 | 22,641 |
| Depreciation charged in the year | 2,929 | 35,591 | 38,520 |
| At 31 December 2024 | 7,484 | 53,677 | 61,161 |
| Carrying amount | |||
| At 31 December 2024 | 11,716 | 128,505 | 140,221 |
| At 31 December 2023 | 14,645 | 122,165 | 136,810 |
| 12 Debtors Amounts falling due within one year: Trade debtors Prepayments and accrued income |
2024 £ 15,857 15,478 31,335 |
2023 £ 11,430 |
|---|---|---|
| 11,430 |
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HATZOLA EDGWARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
13 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Trade creditors Other creditors Accruals and deferred income |
2024 £ 9,988 62,000 4,960 76,948 |
2023 £ 37,699 1,445 - |
| 39,144 |
Other creditors relates to a loan from Edgware Hatzola Holdings Ltd, a charity with mutual directors. The loan has been repaid to date.
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 General funds Previous year: At 1 General funds |
January 2024 Incoming resources Resources expended At 31 December 2024 £ £ £ £ 219,205 407,180 (511,104) 115,281 January 2023 Incoming resources Resources expended At 31 December 2023 £ £ £ £ 125,468 660,288 (566,551) 219,205 |
|---|---|
15 Related party transactions
Other than those mentioned above, there were no disclosable related party transactions during the year (2023 - none).
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HATZOLA EDGWARE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024
| 16 Cash generated from operations 2024 £ (Deficit)/surpus for the year (103,924) Adjustments for: Depreciation and impairment of tangible fixed assets 38,520 Movements in working capital: (Increase) in debtors (19,904) Increase in creditors 37,804 Cash (absorbed by)/generated from operations (47,504) |
2023 £ 93,737 109,481 (5,017) 27,155 225,356 |
|---|---|
17 Analysis of changes in net funds
The charity had no material debt during the year.
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