| Page | |||||
|---|---|---|---|---|---|
| Trustees' | annual report | (incorporating | the director's report) | ||
| Independent auditor's |
report to the members | ||||
| Statement | offinancial | activities (including | income and expenditure | ||
| account) | |||||
| Statement | offinancial | position | 12 | ||
| Statement | ofcash flows | 13 | |||
| Notes to | the financial | statements | 15 |
| financial s | tatements ofthe charit | tatements ofthe charit | y for the year ende | d 31J | uly 2023. | |
|---|---|---|---|---|---|---|
| Reference | and administrative | details | ||||
| Registered | charity name | Hatzola Trust Limited | ||||
| Charity registration | number | 1160299 | ||||
| Company | registration | number | 08390313 | |||
| Principal | office and registered | Office 4 | ||||
| office | 1 Rookwood Road | |||||
| London | ||||||
| N16 6SD | ||||||
| The trustees | Mr M Breuer | |||||
| Mr C SGoldman | ||||||
| Mr G Schleider | ||||||
| Dr S G Springer | ||||||
| Mr B Stern | ||||||
| Auditor | Cohen Arnold | |||||
| Chartered accountants |
&statutory | auditor | ||||
| New Burlington | House | |||||
| 1075Finchley Road | ||||||
| LONDON | ||||||
| NW11 OPU |
| 2023 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | g | |||||
| Income and endowments | ||||||
| Donations and legacies |
5 | 1,025,863 | 1,025,863 | 3,656,411 | ||
| Charitable activities |
6 | 15,661 | 15,661 | 101,500 | ||
| Investment income |
7 | 48 | 48 | 206 | ||
| Other income | 8 | 33,390 | 33,390 | |||
| Total income | 1,074,962 | 1,074,962 | 3,736,117 | |||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Costs ofraising donations | and legacies | 9 | 75,611 | 75,611 | 235,261 | |
| Expenditure on charitable |
activities | 10,11 | 921,693 | 921,693 | 1,016,158 | |
| Total expenditure | 997,304 | 997,304 | 1,251,419 | |||
| Net income and net movement | in funds | 77,658 | 77,658 | 2,506,698 | ||
| Reconciliation offunds | ||||||
| Total funds brought forward | 3298996 | 3298996 | 792,298 | |||
| Total funds carried forward | 3,376,654 | 3,376,654 | 3,298,996 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | |||||
| Fixed assets | |||||
| Tangible fixed assets | 16 | 5,004,687 | 4,995,479 | ||
| Current assets | |||||
| Debtors | 17 | 1,636 | 3,206 | ||
| Cash at bank | and in hand | 1,246 | 66,813 | ||
| 2,882 | 70,019 | ||||
| Creditors: amounts | falling due within one year | 19 | 50,915 | 66,502 | |
| Net current | liabilities | (48,033) | 3,517 | ||
| Total assets | less current liabilities | 4,956,654 | 4,998,996 | ||
| Creditors: amounts | falling due after more than one year | 20 | 1,580,000 | 1,700,000 | |
| Net assets | 3,376,654 | 3,298,996 | |||
| Funds ofthe | charity | ||||
| Unrestricted | funds | 3,376,654 | 3,298,996 | ||
| Total charity | funds | 21 | 3,376,654 | 3,298,996 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Cash flows from operating | activities | |||||
| Net income | 77,658 | 2,506,698 | ||||
| Adjustments for: | ||||||
| Depreciation oftangible fixed assets | 120,700 | 163,919 | ||||
| Other interest receivable and |
similar income | (48) | (206) | |||
| Accrued (income)/expenses | (11,640) | 5,640 | ||||
| Changesin: | ||||||
| Trade and other debtors | 1,570 | 167,458 | ||||
| Trade and other creditors | (128,157) | 1,569,508 | ||||
| Cash generated from operations |
60,083 | 4,413,017 | ||||
| Interest received | 48 | 206 | ||||
| Net cash from operating activities |
60,131 | 4,413,223 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible assets | (129,908) | (4,419,897) | ||||
| Net cash used in investing | activities | (129,908) | (4,419,897) | |||
| Net decrease in cash and | cash equivalents | (69,777) | (6,674) | |||
| Cash and cash equivalents | at beginning | ofyear | 66,813 | 73,487 | ||
| Cash and cash equivalents | at end ofyear | 18 | (2,964) | 66,813 |
| trustee in Donations |
the event ofwinding up is lim and legacies |
ited to 810. | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| Donations | ||||
| Donations | 845,597 | 845,597 | ||
| Campaigns | ||||
| Grants | ||||
| Standing | order scheme | 156,692 | 156,692 | |
| Gift aid | 23,574 | 23,574 | ||
| 1,025,863 | 1,025,863 |
| Unrestricted | Restricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||||
| Donations | |||||||
| Donations | 1,975,962 | 80,000 | 2,055,962 | ||||
| Campaigns | 915,478 | 915,478 | |||||
| Grants | 1,000 | 73,490 | 74,490 | ||||
| Standing order scheme |
534,727 | 534,727 | |||||
| Gift aid | 75,754 | 75,754 | |||||
| 2,587,443 | 1,068,968 | 3,656,411 | |||||
| 6. | Charitable | activities | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2023 | |||||
| Core activity | grant funding | 15,661 | 15,661 | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| Core activity | grant funding | 101,500 | 101,500 | ||||
| 7, | Investment | income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Bank interest receivable | 48 | 48 | 206 | 206 | |||
| 8. | Other income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Other income - Rent | 33,390 | 33,390 | |||||
| 9. | Costs ofraising donations | and legacies | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| Costs ofraising donations | and legacies | ||||||
| -Donations | 75,611 | 75,611 | 235,261 | 235,261 |
| Expenditur | e on charitable activities by fun |
d type | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2023 | ||
| Supporting | Hatzola North London | 908,565 | 908,565 | |
| Support costs | 13,128 | 13,128 | ||
| 921,693 | 921,693 | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| Supporting | Hatzola North London | 825,828 | 174,990 | 1,000,818 |
| Support costs | 15,340 | 15,340 | ||
| 841,168 | 174,990 | 1,016,158 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant funding | Total funds | Total fund | ||||
| directly | ofactivities | Support costs | 2023 | 2022 | |||
| Supporting | Hatzola | ||||||
| North London | 903,379 | 5,186 | 908,565 | 1,000,818 | |||
| Governance | costs | 13,128 | 13,128 | 15,340 | |||
| 903,379 | 5,186 | 13,128 | 921,693 | 1,016,158 | |||
| Breakdown | ofexpenditure | incurred | in supporting | Hatzola North | London | ||
| 2023 | 2022 | ||||||
| Ambulance | maintenance | 135,769 | 113,907 | ||||
| Communication | 73,680 | 143,443 | |||||
| Compliance | 55,949 | 62,809 | |||||
| Community | awareness | 14,386 | 72,055 | ||||
| Depreciation | 120,700 | 163,919 | |||||
| Insurance | 41,851 | 29,061 | |||||
| Medical supplies | and equipment | 79,537 | 98,385 | ||||
| Responders | support | 40,765 | 44,917 | ||||
| Training | 78,891 | 79,584 | |||||
| Wages | 125,305 | 84,037 | |||||
| Office costs | 28,764 | 28,216 | |||||
| Other | 33,511 | 24,213 | |||||
| Rent | 74,271 | 56,272 | |||||
| 903,379 | 1,000,818 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Depreciation oftangible fixed assets | 120,700 | 163,919 | ||
| 13. | Auditors remuneration |
|||
| 2023 | 2022 | |||
| Fees payable for the audit ofthe financial | statements | 7,440 | 7,200 |
| Staff costs | Staff costs | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| The total staff costs and employee | benefits | for | the reporting | period are analysed as |
follows: | ||||
| 2023 | 2022 | ||||||||
| 8 | |||||||||
| Wages and salaries | 121,786 | 84,037 | |||||||
| Social security costs | 3,519 | 2,862 | |||||||
| 125,305 | 86,899 | ||||||||
| The average number of full-time | equivalent | employees | during the year is analysed | as | follows: | ||||
| 2023 | 2022 | ||||||||
| No. | No. | ||||||||
| Number ofstaff | 9 | 10 | |||||||
| The number ofemployees | whose | remuneration | for the | year | fell within the following | bands, | were: | ||
| 2023 | 2022 | ||||||||
| No. | Nc. | ||||||||
| f.60,000tof69,999 | 1 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Motor | ||||
| Property | vehicles | Equipment | Total | |
| Cost | ||||
| At 1 August 2022 | 4,608,848 | 623,547 | 180,894 | 5,413,289 |
| Additions | 117,510 | 12,398 | 129,908 | |
| At 31July 2023 | 4,726,358 | 623,547 | 193,292 | 5,543,197 |
| Depreciation | ||||
| At 1 August 2022 | 33,114 | 259,424 | 125,272 | 417,810 |
| Charge forthe year | 18,003 | 72,825 | 29,872 | 120,700 |
| At 31July 2023 | 51,117 | 332,249 | 155,144 | 538,510 |
| Carrying amount |
||||
| At 31July 2023 | 4,675,241 | 291,298 | 38,148 | 5,004,687 |
| At 31July 2022 | 4,575,734 | 364,123 | 55,622 | 4,995,479 |
| Debtors | ||||
| 2023 | 2022 | |||
| Trade debtors | 1,636 | 3,206 | ||
| Cash and cash equivalents | ||||
| Cash and cash equivalents | comprise the following: | |||
| 2023 | 2022 | |||
| Cash at bank aud in hand | 1,246 | 66,813 | ||
| Bank overdrafis | (4,210) | |||
| (2,964) | 66,813 |
| 19. | Creditors: amounts | falling due within one year | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Bank loans and overdrails | 4,210 | |||
| Trade creditors | 38,193 | 35,035 | ||
| Accruals and deferred income | 7,440 | 19,080 | ||
| Social security and other taxes | 1,072 | 1,486 | ||
| Other creditors | 10,901 | |||
| 50,915 | 66,502 | |||
| 20. | Creditors; amounts |
falling due after more than one year | ||
| 2023 | 2022 | |||
| Other creditors | 1,580,000 | 1,700,000 |
| Unrestri | cted funds |
||||||
|---|---|---|---|---|---|---|---|
| At | 1 August | At | |||||
| 2022 | Income | Expenditure | Transfers | 31July 2023 | |||
| General | funds | 3,298,996 | 1,074,962 | (997,304) | 3,376,654 | ||
| At | 1 August | At | |||||
| 2021 | Income | Expenditure | Transfers | 31July 2022 | |||
| General | funds | 473,298 | 2,587,649 | (1,076,429) | 1,314,478 | 3,298,996 |
| Analysis | ofnet as | sets | between funds | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | |||||
| Funds | 2023 | |||||
| Tangible fixed assets | 5,004,687 | 5,004,687 | ||||
| Current assets | 2,882 | 2,882 | ||||
| Creditors | less than | 1 year | (50,915) | (50,915) | ||
| Creditors | greater than | 1 year | (1,580,000) | (1,580,000) | ||
| Net assets | 3,376,654 | 3,376,654 | ||||
| Unrestricted | Total Funds | |||||
| Funds | 2022 | |||||
| Tangible fixed assets | 4,995,479 | 4,995,479 | ||||
| Current assets | 70,019 | 70,019 | ||||
| Creditors | less than | 1 year | (66,502) | (66,502) | ||
| Creditors | greater than | 1 year | (1,700,000) | (1,700,000) | ||
| Net assets | 3,298,996 | 3,298,996 | ||||
| Analysis ofchanges | in net debt | |||||
| At | At | |||||
| 1 Aug 2022 | Cash flows | 31Jul 2023 | ||||
| Cash at bank and | in hand | 66,813 | (65,567) | 1,246 | ||
| Bank overdrails | (4,210) | (4,210) | ||||
| 66,813 | (69,777) | (2,964) |