NEW LEASE N LIFE Hatzola Trust Limited Annual Report and Accounts Year ended 31 JULY 2022
No money in the world can pay for the service you are doing for the community… You actually save lives! Mrs R., patient
CHAIR’S STATEMENT
A new year. A new building. A new lease on life.
In a great feat of accomplishment, Hatzola has this year purchased its very own headquarters premises. This acquisition came about through tenacious crowdfunding, tireless planning and sheer drive to give Hatzola a home; a home to house its responders, paramedics and equipment so that it continues to save lives.
Hatzola has been infused with new life. The sprawling property will enable the charity to enter a new phase of opportunity and expansion.
On behalf of the thousands of patients who owe Hatzola their own new lease on life, I congratulate the volunteers, supporters and partners of the charity on this incredible milestone, and on their continuous selfless mission of saving lives.
Mr M Breuer On behalf of the Trustees
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OUR CHARITABLE OBJECTIVES
The objectives of Hatzola Trust Limited, as set out in the Memorandum and Articles of Association, are:
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the protection and preservation of good health;
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the provision of first aid relief and assistance to persons who are in need of medical attention;
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the provision of first aid training; and
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the provision of first aid cover at public events.
The charity achieves its objects primarily by supporting 'Hatzola' (Hebrew: rescue) response to medical emergency situations, through trained volunteer emergency responders.
The charity achieves its objects by working closely alongside Hatzola Trust, a registered charity regulated by the Care Quality Commission which has common charitable objectives and shared trustees. The charity raises funds for the medical response services provided by Hatzola Trust and acquires assets for use during the course of Hatzola Trust’s activities.
… Such a devoted team who give of themselves so wholeheartedly. And you do not leave once the emergency is over, but will be there to ensure that we are well taken care of…
Family B., users
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OUR MISSION – STRATEGIC AIMS
a) To efficiently use all available resources to save lives or enhance the lives of the general public, as well as the ill, the disabled, the mentally challenged, and other medically vulnerable members of society.
b) To increase the speed of emergency response through upgrading equipment, protocols, and training, knowing that minutes count when lives are at stake.
c) To further develop new premises which will house streamlined offices, communication / training centres and state-of-the-art ambulance bays.
d) To continuously raise and manage the funds necessary to continue our life-sustaining mission, ensuring the sustainability of our charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is a company limited by guarantee and is governed by its Memorandum and Articles of Association . The charity is run by the board of directors, also called the Trustees, who are required to apply the charity’s resources to achieve its charitable objects, and to provide strategic leadership of the charity’s work. There are currently five Trustees with wide-ranging skills and experience relevant to the charity’s activities. All Trustees were provided with a full induction into the charity’s work prior to their appointment, and they meet regularly to govern and lead the charity’s work.
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ACHIEVEMENTS AND PERFORMANCE
10, 702 lives have been impacted this year by the emergency response services and long-term care of Hatzola Trust Limited.
This year has seen fast-paced development including an expansion of the fleet by two new ambulances , the training up of volunteers to paramedic level, notable visits by important personages, improved systems and the acquisition of a building – to act as the beating heart of an organisation as vital as this one.
Hatzola Trust, the service-providing charity which Hatzola Trust Limited funds and supports, was rated good in a CQC inspection in the reporting year.
Read the full report here.
THIS YEAR 5,769 Patients 2,89, Children 1,691 Adults ll, Elderly 4a Unknown 10,702 Calls received 5,769 CalL5 attended Staff and Volunteers 49 QualnSed Administrators ege responders 16 Tralned dispatihers 16 Training paran*di Building Purchase Ambulance Transport 2 347 To hospital 41 Intsr-hospitsl 0 0 187 Hospitalto home 3,037,178 Pounds raised by campaign
SERVICES
Call-taking and Dispatch
Hatzola’s volunteer call-takers can be counted on to answer calls 24/7 – literally – and to professionally and compassionately respond to any request, dispatching suitable help.
This year, Hatzola rolled out a new digital Computer Aided Dispatch system, accompanied by an ePRF (electronic patient report form) – a project generously funded by a City of London grant .
A New Lease: Dispatchers will no longer need to work from inconvenient locations; but will be seated in a comfortable, fullyequipped call-taking centre.
Medication and Equipment
Hatzola maintains a fleet of ambulances, and assesses and assures compliance with all statutory checks, health & safety, and infection control standards. Ambulances, emergency responder supply kits and medications are consistently checked to ensure they are in date and at optimum supply levels.
As part of its constant improvement, Hatzola has this year appointed a specialized pharmacist to carry out monthly audits on safe storage of medications.
A New Lease: Customised storage houses will provide a secure, long-lasting storage system for Hatzola’s lifesaving supplies.
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SERVICES
On-site Treatment
Emergency responders are trained to treat minor emergencies on-site, often saving patients the unnecessary hassle of a hospital trip. Of course, volunteers are suitably trained to identify when they can treat a patient right away, and when hospitalisation is indeed required.
A New Lease: Spacious, purpose-built training rooms will ensure training for such situations is kept at optimum levels.
Emergency Responders
A team of 47 qualified emergency responders means Hatzola can provide an instant response – patients in critical or life-threatening situations know that within 2 minutes, help will have arrived. Because of its speedy response time, Hatzola’s work has often spelled the life-and-death difference.
All volunteer emergency responders attend ongoing training, delivered by qualified medical trainers, to ensure skills are current and in line with developments in medical research and regulations.
A New Lease: Plans include a boardroom where responders can meet to debrief after callouts to improve services, as well as suitable rooms for further training.
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SERVICES
Transport
Hatzola’s expanded ambulance fleet enables a range of vital medical transport to take place. Patients are transported to, from and between hospitals in response to requests from patients, local GP surgeries or hospitals.
A New Lease: A centrally-located ambulance bay will speed up response time, improving patient outcomes.
I wish to thank you and the crew again for helping us with that transfer… I am very grateful… for your team’s kind help. As always, thank you for everything you do. Rachael Senior Staff Nurse, Homerton A&E
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PUBLIC HEALTH
Serving the community for over 10 years, Hatzola has gained its complete trust as a reputable address for all things health-related. It often bridges public health messaging with the hard-to-reach, Orthodox Jewish community. Here’s how:
CREDIBILITY
Lead immunisation officers in the City and Hackney GP Confederate reached out to Hatzola for its nuanced input in posters and adverts, requesting its trusted logo on all communications and adverts.
Thank you for all the support you’ve been providing… through your volunteering role as a Community Champion!
Elodie Roman Community Champions Programme Administrator
LOCAL HEALTH EVENT
A Hatzola representative attended and spoke at a community health event in March, in what was a joint effort to improve childhood immunisation uptake.
APPROACHABILITY
Hatzola is often contacted by external bodies when trying to address emerging issues in the isolated OJ community. Organisations are confident that Hatzola, with its years of exemplary service, can address niche problems in a culturallyattainable way.
COMMUNITY CHAMPION
Hatzola was represented at monthly Community Champion forums, with takeaways including its support of Public Health messaging to the community.
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TRAININGS AND STAFFING
Hatzola’s volunteers and staff members make the charity the rescuevehicle it is, enabling it to save lives every day. For that reason staff development and upskilling are prioritised. Here’s how:
REGULAR TRAININGS
Ongoing trainings are in place for emergency responders, ensuring their knowledge, skills and service remain up-to-date in a fast-changing medical world. These include monthly case reviews to monitor performance, and to ensure best practice in line with NICE guidelines and internal policies.
MENTAL HEALTH TRAINING
Due to an increase in mental health emergency calls to Hatzola (especially in the aftermath of Covid and lockdowns) specialist training was provided for responders, delivered by a Homerton Psychological Medicine and Consultant Psychiatrist. This training was suitably adjusted to reflect real-life, relevant scenarios, and was excellently received by attendees.
STAFF SURVEYS
Surveys are sent out to all responders, dispatchers and office staff to keep Hatzola’s service at a premium.
A New Lease:
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TRAININGS AND STAFFING
PARAMEDIC COHORT
In an exciting development, made possible by a Delapage grant , 16 of Hatzola’s volunteers have been training up in the reporting year to be able to deliver paramedic level care. This means Hatzola will be able to provide more comprehensive and targeted care and treatment, including the administration of controlled drugs. As part of this training, Hatzola partnered with local hospitals such as Homerton Hospital for trainee placements, to acquire handson experience, skills and learning.
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NOTABLE VISITS
Hatzola has hosted visits for key community decision-makers, presenting its current headquarters, its future building plans, and roundtable discussions about its work. Visitors express amazement at the charity’s incredible acts of daily rescue, and on its continued trajectory of development.
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PARTNERSHIPS
A very big thank you to… the entire Hatzola team for supporting our event on Sunday, 22nd August. As always it is a pleasure working and partnering with Hatzola .
Catherine Sekwalor Specialist Practitioner Lead Immunisation & Wound Care Hub Nurse City & Hackney GP Confederation
Hatzola provide a wonderful service to… their community, local healthcare providers and beyond… (they) have worked hard and tirelessly throughout this time… During the height of the COVID pandemic, Hatzola linked with several hospitals within North East London, including Homerton Hospital, to offer support services to inpatients.
By linking in with Homerton, Hatzola were ensuring that safety was paramount to them and their patients at all times. They have always provided significant support to the Emergency Department here , for example, with enabling timely transfers for patients who might have time critical conditions and require an alternative hospital and this support has continued throughout. We are incredibly grateful for the invaluable support that the team offer our Trust , and our Emergency Department in particular, in helping us in caring for our patients.
Dr. E. Rowland Emergency Medicine Consultant Associate Medical Director IMRS Division Homerton University Hospital Co-Chair London Regional Board RCEM
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FUNDRAISING
Hatzola urgently needed funds to purchase its new building – and launched a full-scale crowdfunding campaign. Supported by friends and grateful recipients, the charity raised an incredible 3 million in 2 days which helped towards a down payment. Additional funds – for renovations and customising of the facilities – are expected to be sourced from further crowdfunding, some private funders, council assistance and other grants.
PLANS FOR THE FUTURE
ADDITIONAL PARAMEDIC COHORT
WALK-IN CLINIC
A second group of 8 Hatzola volunteers are expected to complete their paramedical training.
This aspirational several-year project involves a walk-in medical centre at the new headquarters, made possible by Hatzola’s newly-trained in-house paramedics. This venture will ease the demand on local GP’s where there is currently a lack of access to appointments.
FINANCES
Hatzola will continue to explore new fundraising avenues and expand existing streams, so finances remain stable.
COMPLIANCE
Continued careful examination of our methodology and processes to ascertain all regulatory requirements are satisfied.
CAPITAL PROJECTS
Development of Hatzola Headquarters
Together with Hatzola Trust, the charity will continue to fundraise and execute plans for the new building, which will include a purpose-built base and storage area for Hatzola activities and supplies. The project will enhance quality, efficiency and reach of all services.
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PLANS FOR THE FUTURE RTERS (4
HATZOLA TRUST LIMITED COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT (Incorporating the Director's Report) Year ended 31 July 2022
FINANCIAL REVIEW
The Trustees are pleased to report a large increase in turnover, with income this year totalling £3,749,911 (2021: £1,266,853). This significant increase in income is due to the charity’s fundraising campaign in advance of its purchase of new premises. We are indebted to our longstanding supporters and donors for enabling us to raise the necessary funds to execute the project.
The Trustees gratefully acknowledge that the charity’s services are made possible by the generous support of the following trusts and organisations: The Childwick Trust, City of London Grant Programme, Delapage, and a City and Hackney Together Grant, amongst other anonymous supporters and community donors.
Reserves Policy
The charity had unrestricted funds as of 31 July 2022 of £3,298,996 (Fixed Assets £4,995,479, Net Current Assets of £3,517 against long-term loan creditors £1,700,000).
The charity has a policy to maintain unrestricted funds at a level that provides sufficient funds to cover management and administrative costs in the medium term, and allows for the continued planned expansion of activities.
This policy has now been reviewed and free reserves are now secured within the fixed assets, to allow for the progression of our capital expansion project.
Risk management
The trustees have identified and reviewed the major risks to which the charity is exposed. Both manual and automated checks are regularly invoked, particularly those relating to the operations and finance of the charity. The trustees are satisfied that these systems and procedures help manage the identified risks.
Public Benefit
The Trustees confirm their compliance with the duty to have due regard to the Public Benefit guidance published by the Charity Commission as well as the Equalities Act 2010 when reviewing the Charity's aims and objectives and in planning future activities.
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HATZOLA TRUST LIMITED COMPANY LIMITED BY GUARANTEE
TRUSTEES’ ANNUAL REPORT (Incorporating the Director's Report) Year ended 31 July 2022
Trustees' responsibilities statement
The trustees, who are also directors for the purposes 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 charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure, for that period.
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 applicable Charities SORP;
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make judgments and accounting estimates that are reasonable and prudent;
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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 business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and 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.
Auditor
Each of the persons who is a trustee at the date of approval of this report confirms that:
so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
Approval
The trustees' annual report was approved on 31 May 2023 and is signed on behalf of the board of trustees by:
Mr M Breuer Trustee
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HATZOLA TRUST LIMITED COMPANY LIMITED BY GUARANTEE
Independent Auditor's Report to the Members of Hatzola Trust Limited Year ended 31 July 2022
Opinion
We have audited the financial statements of Hatzola Trust Limited (the 'charity') for the year ended 31 July 2022 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, 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, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31 July 2022 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
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have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's 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.
We conducted our audit in accordance with International Standards on
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HATZOLA TRUST LIMITED COMPANY LIMITED BY GUARANTEE
Independent Auditor's Report to the Members of Hatzola Trust Limited Year ended 31 July 2022
(continued)
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the
financial statements; and
- the trustees' report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
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adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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we have not received all the information and explanations we require for our audit; or
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the trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the directors' report and from the requirement to prepare a strategic report.
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HATZOLA TRUST LIMITED COMPANY LIMITED BY GUARANTEE
Independent Auditor's Report to the Members of Hatzola Trust Limited Year ended 31 July 2022
(continued)
Responsibilities of trustees
As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they 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.
Auditor's responsibilities for the audit of the financial statements
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 an auditor’s report 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
• We obtained an understanding of the legal and regulatory frameworks that are applicable to the company, and determined that the most relevant to the presentation of the financial statements are those that relate to the reporting legislation (UK GAAP and the Companies Act 2006), the relevant tax regulations in the United Kingdom, the Landlord and Tenant Act, the UK General Data Protection Regulation (GDPR), Health & Safety Regulations and the Bribery Act. We understood how the company is complying with those frameworks through discussion with the trustees and senior management, and by identifying the company's policies and procedures regarding compliance with laws and regulations. We also identified those members of management who have the primary responsibility for ensuring compliance with laws and regulations, and for reporting any known instances of noncompliance to the trustees. We communicated these identified frameworks amongst our audit team and remained alert to any indications of noncompliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise noncompliance with laws and regulations.
• We discussed with the trustees and senior management the policies and procedures regarding compliance with these legal and regulatory frameworks.
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HATZOLA TRUST LIMITED COMPANY LIMITED BY GUARANTEE
Independent Auditor's Report to the Members of Hatzola Trust Limited Year ended 31 July 2022 (continued)
• We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, by reviewing the company's identified risks and enquiry with the trustees and senior management during the planning and finalisation phases of our audit. The susceptibility to such material misstatement was determined to be low.
be expected to detect non-compliance with all laws and regulations.
As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:
• Based on this understanding we designed our audit procedures to identify non-compliance with the identified legal and regulatory frameworks, which were part of our procedures on the related financial statement items. Our procedures included reviewing the company's internal controls policies and procedures, reviewing the minutes of board meetings and correspondence with regulatory bodies including HMRC, testing transactions outside the normal course of the business and journal entries, and discussions with the trustees and senior management.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non-compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot
• Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
• 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 the internal control.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
• Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast
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HATZOLA TRUST LIMITED COMPANY LIMITED BY GUARANTEE
Independent Auditor's Report to the Members of Hatzola Trust Limited Year ended 31 July 2022
(continued)
significant doubt on the charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charity to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
members as a body, for our audit work, for this report, or for the opinions we have formed.
D Goldberg (Senior Statutory Auditor)
For and on behalf of Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road LONDON NW11 0PU
31 May 2023
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditor's 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
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STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account) Year ended 31 July 2022
| Unrestricted | 2022 | 2021 | |||
|---|---|---|---|---|---|
| funds | Restricted | Total | Total | ||
| funds | funds | funds | |||
| Note | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS | |||||
| Donations and legacies | 5 | 2,587,443 | 1,068,968 | 3,656,411 | 1,215,637 |
| Charitable activities | 6 | - | 101,500 | 101,500 | 51,059 |
| Investment income | 7 | 206 | - | 206 | 157 |
| TOTAL INCOME | 2,587,649 | 1,170,468 | 3,758,117 | 1,266,853 | |
| Expenditure | |||||
| Expenditure on raising funds: | |||||
| Cost of raising donations and | |||||
| legacies | 8 | 235,261 | - | 235,261 | 33,924 |
| Expenditure on charitable activities | 9, 10 | 841,168 | 174,990 | 1,016,158 | 839,823 |
| Total Expenditure | 1,076,429 | 174,990 | 1,251,419 | 873,747 | |
| Net income | 1,511,220 | 995,478 | 2,506,698 | 393,106 | |
| Transfers between funds | 1,314,478 | (1,314,478) | - | - | |
| Net movement in funds | 2,825,698 | (319,000) | 2,506,698 | 393,106 | |
| Reconciliation of funds Total funds brought forward |
473,298 | 319,000 | 792,298 | 399,192 | |
| TOTAL FUNDS CARRIED FORWARD | 3,298,996 | - | 3,298,996 | 792,298 |
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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STATEMENT OF FINANCIAL POSITION 31 July 2022
| Note | 2022 £ 2021 £ |
|
|---|---|---|
| Fixed assets Tangible fxed assets Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Net assets Funds of the charity Restricted funds Unrestricted funds Total charity funds 15 16 17 18 19 |
4,995,479 3,206 66,813 70,019 66,502 3,517 4,998,996 1,700,000 3,298,996 - 3,298,996 3,298,996 739,501 170,664 73,487 244,151 191,354 52,797 792,298 - 792,298 319,000 473,298 792,298 |
4,995,479 3,206 66,813 739,501 170,664 73,487 |
| 70,019 66,502 244,151 191,354 |
||
| 3,517 52,797 |
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 31 May 2023, and are signed on behalf of the board by:
Mr M Breuer Trustee
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STATEMENT OF CASH FLOWS Year ended 31 July 2022
| 2022 £ 2021 £ |
|
|---|---|
| Cash fows from operating activities Net income Adjustements for: Depreciation of tangible fxed assets Other interest receivable and similar income Accrued expenses/(income) Changes in: Trade and other debtors Trade and other creditors Cash generated from operations Interest received Net cash from operating activities Cash fows from investing activities Purchase of tangible assets Net cash used in investing activities Net decrease in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year |
2,506,698 163,919 (206) 5,640 167,458 1,596,508 4,413,017 206 4,413,223 (4,419,897) 393,106 95,006 (157) (6,986) (636) (58,161) 422,172 157 422,329 (638,604) |
| (4,419,897) (638,604) |
|
| (6,674) 73,487 (216,275) 289,762 |
|
| 66,813 73,487 |
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NOTES TO THE FINANCIAL STATEMENTS Year ended 31 July 2022
1. General information
Judgements and key sources of estimation uncertainty
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 Office 4, 1 Rookwood Road, London, N16 6SD.
2. Statement of compliance
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts 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.
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
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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
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.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Going concern
There are no material uncertainties about the charity's ability to continue.
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 subclasses: restricted income funds or endowment funds.
29
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
3. Accounting policies (continued)
Resources expended
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.
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.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
• 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.
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.
Tangible assets
• 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.
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
30
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cashgenerating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Depreciation
Financial instruments
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Long leasehold property - 25% straight line Motor vehicles - 25% reducing balance Equipment - 25% straight line
Impairment of fixed assets
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 cash or other consideration expected to be paid or received and not discounted.
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Debt instruments are subsequently measured at amortised cost.
31
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
4. Limited by guarantee
The charity is a company limited by guarantee and has no share capital. The liability of each trustee in the event of winding up is limited to £10.
5 Donations and legacies
| 5 Donations and legacies | 5 Donations and legacies |
|---|---|
| Unrestricted Funds £ Restricted Funds £ Total Funds 2022 £ |
|
| Donations Donations Campaigns Grants Standing order scheme Gift aid 1,975,962 - 1,000 534,727 75,754 2,587,443 80,000 915,478 73,490 - - 1,068,968 2,055,962 915,478 74,490 534,727 75,754 3,656,411 Unrestricted Funds £ Restricted Funds £ Total Funds 2021 £ |
|
| Donations Donations Campaigns Grants Standing order scheme Gift aid |
424,327 - - 421,416 11,921 857,664 216,271 102,729 38,973 - - 357,973 640,598 102,729 38,973 421,416 11,921 1,215,637 |
32
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
6. Charitable activities
| Restricted | Total funds | Restricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Core activity grant funding | 101,500 | 101,500 | 51,059 | 51,059 |
7. Investment income
| Unrestricted | Total funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Bank interest receivable | 206 | 206 | 157 | 157 |
8. Costs of raising donations and legacies
| Unrestricted | Total funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2022 | Funds | 2021 | |
| £ | £ | £ | £ | |
| Donations | 235,261 | 235,261 | 33,924 | 33,924 |
33
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
9. Expenditure on charitable activities by fund type
| Unrestricted funds £ Restricted Funds £ Total Funds 2022 £ |
Unrestricted funds £ Restricted Funds £ Total Funds 2022 £ |
|---|---|
| Supporting Hatzola North London Support costs 825,828 15,340 841,168 174,990 - 174,990 1,000,818 15,340 1,016,158 Unrestricted funds £ Restricted Funds £ Total Funds 2021 £ |
|
| Supporting Hatzola North London Support costs |
740,338 9,453 749,791 90,032 - 90,032 830,370 9,453 839,823 |
10. Expenditure on charitable activities by activity type
| Support costs £ Total Funds 2022 £ Total Funds 2021 £ Activities Undertaken directly £ |
Support costs £ Total Funds 2022 £ Total Funds 2021 £ Activities Undertaken directly £ |
|---|---|
| Supporting Hatzola North London Governance costs |
- 15,340 1,000,818 15,340 830,370 9,453 1,000,818 - |
| 15,340 1,016,158 839,823 1,000,818 |
34
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
| Year ended 31 July 2022 | |
|---|---|
| Breakdown of expenditure incurred in supporting Hatzola North London |
2022 £ 2021 £ |
| Ambulance maintenance Communication Compliance Community awareness Depreciation Insurance Medical supplies and equipment Responders support Training Wages Ofce costs Other Rent |
113,907 143,443 62,809 72,055 163,919 29,061 98,385 44,917 79,584 84,037 28,216 24,213 56,272 101,484 45,648 75,868 32,783 95,006 18,522 113,542 27,725 177,394 34,452 22,914 27,762 57,270 |
| 1,000,818 830,370 |
11. Net income Net income is stated after charging/(crediting):
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Depreciation of tangible fxed assets | 163,919 | 95,006 |
35
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
12. Auditors' remuneration
| 2022 £ 2021 £ |
|
|---|---|
| Fees payable for the audit of the fnancial statements | 7,200 6,240 |
13. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2022 £ 2021 £ |
|
|---|---|
| Wages and salaries Social security costs |
84,037 2,862 34,452 - |
| 86,899 34,452 |
|
| 2022 No. 2021 No. |
The average number of employees during the year is analysed as follows:
10 6 Number of staff
No employee received employee benefits of more than £60,000 during the year (2021: Nil).
36
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
14. Trustee remuneration and expenses
There was no remuneration paid to the trustees. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.
15. Tangible fixed assets
| Long leasehold property £ Motor vehicles £ Equipment £ Total £ |
|
|---|---|
| Cost At 1 Aug 2021 Additions At 31 July 2022 Depreciation At 1 August 2021 Charge for the year At 31 July 2022 Carrying amount At 31 July 2022 At 31 July 2021 |
554,291 4,054,557 260,207 363,340 178,894 2,000 993,392 4,419,897 |
| 4,608,848 623,547 180,894 5,413,289 |
|
| 20,153 12,961 138,049 121,375 95,689 29,583 253,891 163,919 |
|
| 33,114 259,424 125,272 417,810 |
|
| 4,575,734 364,123 55,622 4,995,479 |
|
| 534,138 122,158 83,205 739,501 |
37
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
16. Debtors
| 2022 £ 2021 £ |
|
|---|---|
| Trade debtors Other debtors 17. Creditors: amounts falling due within one year |
3,206 - 2,418 168,246 |
| 3,206 170,664 2022 £ 2021 £ |
|
| Trade creditors Accruals and deferred income Social security and other taxes Other creditors 18. Creditors: amounts falling due after more than one |
35,035 19,080 1,486 10,901 66,502 33,843 13,440 2,498 141,573 191,354 2022 £ 2021 £ year |
| Other creditors | 1,700,000 - |
Creditors falling due after more than one year are loans received to fund the purchase of the new building.
38
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
19. Analysis of charitable funds
Unrestricted funds
| At 1 August | At 31 July | ||||
|---|---|---|---|---|---|
| 2021 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| General funds | 473,298 | 2,587,649 | (1,076,429) | 1,314,478 | 3,298,996 |
| At 1 August | At 31 July | ||||
| 2020 | Income | Expenditure | Transfers | 2021 | |
| £ | £ | £ | £ | £ | |
| General funds | 399,192 | 857,821 | (783,715) | - | 473,298 |
| Restricted funds | |||||
| At 1 August | At 31 July | ||||
| 2021 | Income | Expenditure | Transfers | 2022 | |
| £ | £ | £ | £ | £ | |
| Building project | 319,000 | 1,170,468 | (174,990) | 1,314,478 | - |
| At 1 August | At 31 July | ||||
| 2020 £ |
Income £ |
Expenditure £ |
Transfers £ |
2021 £ |
|
| Building project | - | 409,032 | (90,032) | - | 319,000 |
Transfers between funds relates to restricted income spent on capital expenditure. It is the policy of the charity to move these to unrestricted funds once it has been spent unless there are restricting conditions even after the income has been spent.
39
NOTES TO THE FINANCIAL STATEMENTS (continued) Year ended 31 July 2022
20. Analysis of net assets between funds
22. Related parties
| Unrestricted funds £ Restricted Funds £ Total Funds 2022 £ |
Unrestricted funds £ Restricted Funds £ Total Funds 2022 £ |
|---|---|
| Tangible fxed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 4,995,479 70,019 (66,502) (1,700,000) 3,298,996 - - - - - 4,995,479 70,019 (66,502) (1,700,000) 3,298,996 Unrestricted funds £ Restricted Funds £ Total Funds 2021 £ |
|
| Tangible fxed assets Current assets Creditors less than 1 year Creditors greater than 1 year Net assets 21. Analysis of changes in net debt |
534,501 130,151 (191,354) - 473,298 205,000 114,000 - - 319,000 739,501 244,151 (191,354) - 792,298 At 1 August 2021 £ Cash fows £ At 31 July 2022 £ |
| Cash in bank and in hand | 73,487 (6,674) 66,813 |
The main purpose of Hatzola Trust Limited is to support the North London Hatzola service operated through Hatzola Trust. Hatzola Trust is an independent charity regulated by the Care Quality Commission, with the same charitable objects as Hatzola Trust Limited, and common trustees.
A loan balance of £123,819 owed to Hatzola Trust was converted to a donation in recognition of the significant ongoing support that Hatzola Trust receives on an annual basis.
40
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Name: Hatzola Trust Limited Charity Registration Number: 1160299 Company Registration Number: 08390313 Principal Office and Registered Office: Suite 4 1 Rookwood Road London N16 6SD
Trustees
Mr M Breuer
Mr C S Goldman
Mr G Schleider
Dr S G Springer Mr B Stern
Auditor
Cohen Arnold Chartered accountants & statutory auditor New Burlington House 1075 Finchley Road London NW11 0PU
41
The Hatzola team were ever so patient and reassuring. They really kept the situation calm and made me feel everything was under control and special care. Elisheva T., user