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← Hatzola Trust Limited

2024-07-31-accounts

Annual Report and Accounts for Hatzola Trust Limited Year ended 31 July 2024

"Hatzola was a lifeline,"

says Shlomo, a heart patient whose life was saved by our dedicated volunteers. His story is one of thousands—real people whose lives have been touched, supported, and saved by the tireless work of our emergency responders.

This past year has been a landmark one for Hatzola. Driven by our unwavering mission to safeguard health and save lives, we have continued to grow and adapt to meet the evolving needs of our community. We proudly welcomed five new responders to our team, expanding our capacity and strengthening our ability to be that vital “lifeline” wherever and whenever it’s needed most.

In a deeply humbling moment, Hatzola was honoured with the King’s Award for Voluntary Service—an extraordinary recognition of the dedication, professionalism, and compassion that defines our work. We are privileged to receive this national accolade and remain committed to upholding the values that earned it.

It is with immense pride that I present our Annual Report and Accounts for the year ending July 2024. Within these pages, you will find a glimpse into the remarkable efforts of our volunteer-led organisation—stories of service, hope, and human resilience.

Join us in reflecting on the lives changed and the journeys toward recovery made possible by Hatzola.

It’s an inspiring journey—and one we are honoured to share with you.

Mr M Breuer

Chair of Trustees

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The objects of Hatzola Trust Limited, as set out in its Memorandum and Articles of Association, are: The protection and preservation of good health by: • the provision of first aid relief and assistance to persons who are ill or sick or otherwise in need of medical care and attention or hospital or clinical nursing services; • the provision of first aid training; • the provision of first aid cover at public events, and • the furtherance of such other charitable purposes as the trustees shall in their absolute discretion from time to time think fit. 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. The charity is a company governed by its Memorandum and Articles of Association. The charity is run by the board of 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 meet regularly to govern and lead the charity’s work.[EB] 4 —-

Hatzola is dedicated to saving and enhancing the lives of the general public, including the ill, disabled or other medically vulnerable members of society.

Constant Development

We continuously improve our emergency response time and services through training and system upgrades

Purpose-built Facilities

We continue to work on establishing new premises to house offices, communication/training centres and state-of-the-art ambulance bays

Financial Sustainability

We actively raise and manage the funds required to maintain our lifesustaining charity

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WE SUPPORTED

PEOPLE ACROSS THE LOCAL COMMUNITY THIS YEAR

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Ilijii jliij JI I;Ili OUR NUMBERS Calls recelved 9.241 Calls attended 5,122 Patlents 5,122 Children 2,429 Adults 1,689 Elderly 806 Age unknown 198 Ambulance Transport To hospital 1.964 Inter-hospital 34 Hospital to home 148 Stsff and Volunteers Administrators Trained dlspatchers Qualifled emergency responders Llcensed paramedics 10 Paramedics-ln-tralning Servicing volunteers Response tlme for crltlcal Incldents 2 mlnutes

EMERGENCY SERVICES EMERGENCY RESPONDERS Hatzola's team of 53 emergency responders are famed for their speedy response time users can count on help arriving within 2 minutes of placing that call. All responders are volunteers, who selflessly devote of their time and skills to ensure the good health and preservation of life in the community. CALL-TAKING AND DISPATCH Calls to the charity's emergency line are answered by any of its 21 trained dispatchers. An extensive team of volunteer call-takers means phones are answered 24/7 with minimal walt time. The dispatcher professionally assesses the situation, arranging for releva nt help. This year, we were pleased to welcome 5 new volunteer responders to Hatzola's ranks. The recruits spent several months ontraining and apprenticeshiptoattainthe standards of knowledge and expertise needed for this role. This service is enhanced by Hatzola's use of its electronic CAD {Call-taking And Dispatch) system which improves efficiency and quality assurance. ON-SITE TREATMENT Hatzola's responders are equipped with the necessary knowledge and resources to administer first-aid, on-site treatment upon arriving at the scene of crisis. When a response can be delivered on-site, precious seconds are saved - often spelling the difference between life and death.

EMERGENCY SERVICES

The Hatzola members were extremely calm, collected and competent.

Mrs R.

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STAFF TRAINING

EMERGENCY RESPONSE TRAINING

Ongoing trainings are in place for all 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 (National Institute for Health and Care Excellence) guidelines and internal policies.

MENTAL HEALTH TRAINING

Hatzola has recently added Mental Health Training to its training roster; an increase in mental health emergency calls showed the need for responders to be equipped in dealing with such cases. The training was delivered by a Homerton Psychological Medicine & Consultant Psychiatrist. This training clearly outlined real-life, relevant scenarios, and was well-received by attendees.

Additionally, 4 Hatzola volunteers have been trained by Dr David Fox, an Orthodox Jewish Los Angeles psychologist, to address psychological emergencies specifically for members of the Jewish community in a sensitive and culturally appropriate manner.

NEW PARAMEDIC COHORT

This year, 10 of Hatzola’s volunteers have become qualified as paramedics - an impressive achievement which comes after months of training and a collective 150 hours of placement work. This means Hatzola can now give more – a step above standard first-aid. As part of this training, Hatzola partnered with local hospitals such as Homerton and Stanmore for trainee placements.

10 —I\

COMMUNITY WORK

HEALTH COMMUNICATIONS

As a longstanding trusted community brand, Hatzola plays a vital role in local health communications, sharing topical information. External bodies, from the local authority (such as Hackney Health) to larger-scale groups, contact Hatzola when trying to address emerging issues in the Charedi community.

PUBLIC ACCESS TO AED’S

COMMUNITY EVENTS

Shomrim’s annual Emergency Services Open Day is a much-anticipated, well-attended community display of local emergency services such as the Metropolitan Police, London Fire Brigade – and of course, Hatzola. Over 6,000 visitors to the event had the opportunity to interact and learn about Hatzola’s lifesaving work, with children having a close-up look at ambulances and equipment to learn about improved safety measures.

In a life-threatening situation, even waiting for Hatzola responders to arrive can take too long. That’s why a new initiative was born: Hatzola has installed AED’s (Automated External Defibrillators) in local public spaces, such as synagogues, so that any bystander can support a patient facing cardiac arrest. Currently, 15 machines have been installed and plans for more are underway.

SCHOOL SAFETY

Hatzola volunteers regularly conduct first-aid trainings in local schools and similar settings, instructing staff on how to deal with minor emergencies, how to approach the situation, and when help should be called.

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PARTNERSHIPS

TRANSATLANTIC CARE

Hatzola maintains close ties with other health organisations in the UK and abroad. This year, Hatzola was instrumental in the case of a particular baby who required urgent transferral to the United States for treatment, teaming up with Hatzola Air (of USA) to facilitate the transfer.

LAS AND METROPOLITAN POLICE SUPPORT

At local accidents, Hatzola is often called to the scene alongside the London Ambulance Service (LAS) to provide the professional, speedy care it is famed for. Collaboration with the local police force is also a key to Hatzola’s wider reach, with the charity readily dispatching volunteers when asked to do so.

Hatzola have always provided significant support to the Emergency Department (at Homerton Hospital), for example, with enabling timely transfers for patients who might have time critical conditions and require an alternative hospital... 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

Hatzola Work in Partnership with all Major Response Services

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----- Start of picture text -----
With Mary Gildon, MP
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With the Hackney Planning Team
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Hatzola hosted visits for key community decision-makers, presenting its current headquarters and future building plans, and conducting roundtable discussions about its work. Visitors unfailingly express amazement at the charity’s incredible acts of daily rescue.

With Councillor Christopher Kennedy and Carolyne Sharpe

With Baroness Scott

With Jonathan Daniels, of the DfE

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There are no words to describe how thankful I am for the care my husband received. The operator was calm, reassuring and to-thepoint, asking the right questions. The team was amazing – super caring and trying to help beyond what they had to do. They were discreet and very professional. I felt confident that they knew what they are doing.

The Hatzola members who attended to my mother were extremely professional and 6< knowledgeable. They treated my mother with dignity and extreme care – they were absolute lifesavers.

S.B.

Mrs A.

he

We are extremely grateful for the professionalism and fantastic care received. We were very touched to receive a follow-up call the next day to hear how my son was feeling.

I can’t tell you Mr P. how much The responder was really I appreciate amazing with my son who was your help. in a lot of pain. He made him calm and feel comfortable and was Mrs F. extremely competent. 14 R.W.

We are so grateful to this special, very unique organisation – the devotion of your members and volunteers is remarkable. Mrs R.

FUTURE PLANS

FINANCES

Explore new fundraising avenues and expand existing streams, so that finances remain stable.

COMPLIANCE

Continue to carefully examine methodology and processes to ascertain all regulatory requirements are met.

PARAMEDIC COHORT

Grow paramedic cohort by another six members, who are currently still training, in response to the overwhelmingly positive feedback to this new venture.

DEVELOPMENT OF HATZOLA HEADQUARTERS

Continue to fundraise and develop plans for Hatzola’s new headquarters (which will include a purpose-built base and storage area for Hatzola activities and supplies), in conjunction with Hatzola Trust Limited. The project will ultimately enhance quality, efficiency and reach of all services.

Hatzola members do not leave once the emergency is over, but will be there to ensure we are calm and well-taken care of.”

Family S.

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Hatzola Trust Limited Trustees' Annual Report

Year ended 31 July 2024

Financial Review

The Trustees gratefully acknowledge that the charity's services are made possible by the generous support of The Kirsch Foundation, amongst other anonymous supporters and community donors.

Reserves Policy

As at 31 July 2024 the charity had £3,318,343 in unrestricted funds (fixed assets £4,960,968, net current liabilities of £63,040 against long-term loan creditors £1,579,585).

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.

Trustees' Responsibilities Statement

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.

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.

Risk Management

In preparing these financial statements, the trustees are required to:

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

• select suitable accounting policies and then apply them consistently;

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Hatzola Trust Limited Trustees' Annual Report Year ended 31 July 2024

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

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.

Approval

The trustees' annual report was approved on 30 May 2025 and signed on behalf of the board of trustees by:

Mr M Breuer Chair of Trustees

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

• 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.

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Independent Auditor's Report

To the Trustees of Hatzola Trust Limited - Year ended 31 July 2024

Opinion

We have audited the financial statements of Hatzola Trust Limited (the 'charity') for the year ended 31 July 2024 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:

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.

Basis for opinion

Other information

We conducted our audit in accordance with International Standards on

The other information comprises the information included in the annual

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Independent Auditor's Report

To the Trustees of Hatzola Trust Limited - Year ended 31 July 2024

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.

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:

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:

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Independent Auditor's Report

To the Trustees of Hatzola Trust Limited - Year ended 31 July 2024

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 non-compliance to the trustees. We communicated these identified frameworks amongst our audit team and remained alert to any indications of non-compliance throughout the audit. We ensured that the engagement team had sufficient competence and capability to identify or recognise non-compliance with laws and regulations.

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Independent Auditor's Report To the Trustees of Hatzola Trust Limited - Year ended 31 July 2024

• We discussed with the trustees and senior management the policies and procedures regarding compliance with these legal and regulatory frameworks.

• 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.

• 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.

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 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:

• 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.

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

• 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.

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Independent Auditor's Report To the Trustees of Hatzola Trust Limited - Year ended 31 July 2024

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 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.

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 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

30 May 2025

Use of our report

This report is made solely to the charity's members, as a body, in

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Statement of Financial Activities

(including income and expenditure account) Hatzola Trust Limited - Year ended 31 July 2024

Unrestricted 2024 2023
funds Total Total
funds funds
Note £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 5 815,765 815,765 1,025,863
Charitable activities 6 5,673 5,673 15,661
Investment income 7 26 26 48
Other income 8 46,375 46,375 33,390
TOTAL INCOME 867,839 867,839 1,074,962
Expenditure
Expenditure on raising funds:
Costs of raising donations and legacies 9 75,346 75,346 75,611
Expenditure on charitable activities 10,11 850,804 850,804 921,693
Total expenditure 926,150 926,150 997,304
Net (expenditure)/income and net
movements in funds (58,311) (58,311) 77,658
Reconciliation of funds
Total funds brought forward 3,376,654 3,376,654 3,298,996
TOTAL FUNDS CARRIED FORWARD 3,318,343 3,318,343 3,376,654

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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The notes on pages 26 to 36 form part of these financial statements.

Statement of Financial Position

Hatzola Trust Limited - Year ended 31 July 2024

2024 2023 2023
Note £ £
Fixed assets
Tangible fixed assets		 16 4,960,698 5,004,687
Current assets
Debtors		 17 - 1,636
Cash at bank and in hand 7,600 1,246
7,600 2,882
Creditors: amounts falling due within one year 19 70,640 50,915
Net current liabilities 63,040 48,033
Total assets less current liabilities 4,897,928 4,956,654
Creditors: amounts falling due after more
than one year 20 1,579,585 1,580,000
Net assets 3,318,343 3,376,654
Funds of the charity
Unrestricted funds 3,318,343 3,376,654
Total charity funds
mn		 21 3,318,343
3,376,654
~~—~~

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 30 May 2025, and are signed on behalf of the board by:

Mr M Breuer Trustee

24 mn

The notes on pages 26 to 36 form part of these financial statements.

Statement of Cash Flows Hatzola Trust Limited - Year ended 31 July 2024

Note 2024
£
2023
£
Cash fows from operating activities
Net (expenditure)/income
Adjustments 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 increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
18		 (58,311)
131,334
(26)
8,940
1,636
14,580
77,658
120,700
(48)
(11,640)
1,570
(128,157)
98,153
26
60,083
48
98,179
60,131
(87,615)
(129,908)
(87,615)
(129,908)
10,564
(2,964)
(69,777)
66,813
7,600
(2,964)

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The notes on pages 26 to 36 form part of these financial statements.

Notes to the Financial Statements

Hatzola Trust Limited - Year ended 31 July 2024

1. General information

Going concern

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

The charity continues to receive the support from its creditors and the wider community and on that basis the trustees are of the opinion that there are no material uncertainties about the charity's ability to continue.

2. Statement of compliance

Judgements and key sources of estimation uncertainty

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.

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.

3. Accounting policies

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

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Notes to the Financial Statements (continued)

Hatzola Trust Limited - Year ended 31 July 2024

3. Accounting policies (continued)

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for

particular future project or commitment.

• 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.

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 sub-classes: restricted income funds or endowment funds.

Incoming resources

• 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.

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.

Resources expended

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.

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Notes to the Financial Statements (continued) Hatzola Trust Limited - Year ended 31 July 2024

3. Accounting policies (continued)

• 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.

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.

Depreciation

• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

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.

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:

Long leasehold property - At different rates Motor vehicles - 20% straight line Equipment - 25% straight line

Impairment of fixed assets

Tangible assets

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.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless

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.

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

28

Notes to the Financial Statements (continued) Hatzola Trust Limited - Year ended 31 July 2024

3. Accounting policies (continued)

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.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. 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.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently

measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent

29

Notes to the Financial Statements (continued) Hatzola Trust Limited - Year ended 31 July 2024

3. Accounting policies (continued) Financial instruments (continued)

6. Charitable activities

that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Limited by guarantee

Unrestricted Total funds Unrestricted Total funds
funds 2024 funds 2023
£ £ £ £
Core activity grant
funding 5,673 5,673 15,661 15,661

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.

7. Investment income

5. Donations and legacies

Unrestricted
funds
£
Total funds
2024
£
Unrestricted
funds
£
Total funds
2023
£		 Unrestricted
funds
£
Total funds
2024
£
Unrestricted
funds
£
Total funds
2023
£
Donations
Donations
Standing order
scheme
Gift aid		 350,177
444,336
21,252
350,177
444,336
21,252
845,597
156,692
23,574
845,597
156,692
23,574
815,765
815,765
1,025,863
1,025,863
Unrestricted Total funds Unrestricted Total funds
funds 2024 funds 2023
£ £ £ £
Bank interest
receivable 26 26 48 48

8. Other income

Unrestricted Total funds Unrestricted Total funds
funds 2024 funds 2023
£ £ £ £
Other income -
Rent 46,375 46,375 33,390 33,390

30

Notes to the Financial Statements (continued) Hatzola Trust Limited - Year ended 31 July 2024

9. Costs of raising donations and legacies

Unrestricted Total funds Unrestricted Total funds
funds 2024 funds 2023
£ £ £ £
Costs of raising donations and legacies
Other income - Donations 75,346 75,346 75,611 75,611

10. Expenditure on charitable activities by fund type

Unrestricted
funds
£
Total funds
2024
£
Unrestricted
funds
£
Total funds
2023
£		 Unrestricted
funds
£
Total funds
2024
£
Unrestricted
funds
£
Total funds
2023
£
Supporting Hatzola North London
Support costs		 840,500
10,304
850,804
840,500
10,304
850,804
908,565
13,128
921,693
908,565
13,128
921,693

31

Notes to the Financial Statements (continued) Hatzola Trust Limited - Year ended 31 July 2024

11. Expenditure on charitable activities by activity type

Activities
undertaken
directly
£
Grant
funding of
activities
£
Total Funds
2024
£
Total Funds
2023
£
Support
costs
£		 Activities
undertaken
directly
£
Grant
funding of
activities
£
Total Funds
2024
£
Total Funds
2023
£
Support
costs
£
Supporting Hatzola
North London
Governance costs		 822,786
-
17,714
-
840,500
10,304
908,565
13,128
-
10,304
822,786
17,714
850,804
921,693
10,304
Breakdown of expenditure incurred in supporting Hatzola North London 2024
£
2023
£
Ambulance maintenance
Communication
Compliance
Community awareness
Depreciation
Insurance
Medical supplies and equipment
Responders support
Training
Wages
Ofce costs
Other
Rent		 140,834
64,363
49,930
-
131,334
53,947
62,085
40,445
22,899
167,596
31,463
7,422
50,468
135,769
73,680
55,949
14,386
120,700
41,851
79,537
40,765
78,891
125,305
28,764
33,511
74,271
822,786
903,379

Grant funding of activities relates to a loan balance of £17,714 owed by Hatzola Trust which was converted to a donation to further support Hatzola Trust's medical emergency response activities.

32

Notes to the Financial Statements (continued) Hatzola Trust Limited - Year ended 31 July 2024

12. Net (expenditure)/income

14. Staff costs (continued)

Net (expenditure)/income is stated after
charging/(crediting):		 2024
£
2023
£
Depreciation of tangible fxed assets
13. Auditors remuneration		 131,334
120,700
2024
£
2023
£
Fees payable for the audit of the
fnancial statements		 8,040
7,440
14. Staf costs(continued) 14. Staf costs(continued)
The average number of employees during
the year is analysed as follows:
2024
No.
2023
No.
Number of staf
10
9
The number of employees whose
remuneration for the year fell within the
following bands, were:
2024
No.
2023
No.		 10
9
£60,000 to £69,999
1
1

14. Staff costs

The total staf costs and employee benefts for
the reporting period are analysed as follows:		 2024
£
2023
£
Wages and salaries
Social security costs		 162,777
4,820
121,786
3,519
167,597
125,305

15. 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.

33

Notes to the Financial Statements (continued) Hatzola Trust Limited - Year ended 31 July 2024

16. Tangible fxed assets Property
£
Motor
vehicles
£
Equipment
£
Total
£
Cost
At 1 Aug 2023
Additions
At 31 July 2024
Depreciation
At 1 Aug 2023
Charge for the year
At 31 July 2024
Carrying amount
At 31 Jul 2024
At 31 Jul 2023		 4,726,358
32,183
623,547
36,500
193,292
18,932
5,543,197
87,615
4,758,541
660,047
212,224
5,630,812
51,117
17,838
332,249
80,125
155,144
33,371
538,510
131,334
68,955
412,374
188,515
669,844
4,689,586
247,673
23,709
4,960,968
4,675,241
291,298
38,148
5,004,687

There is a legal charge secured over the property in support of a bank loan provided to another charity. That charity is a loan creditor in Hatzola Trust Limited.

17. Debtors 2024 2023
£ £
Trade debtors - 1,636

34

Notes to the Financial Statements (continued) Hatzola Trust Limited - Year ended 31 July 2024

18. Cash and cash equivalents

2024
£
2023
£
Cash at bank and in hand
Bank overdrafts
19. Creditors: amounts falling due within one year		 7,600
-
1,246
(4,210)
7,600
(2,964)
2024
£
2023
£
Bank loans and overdrafts
Trade creditors
Accruals and deferred income
Social security and other taxes
Other creditors
20. Creditors: amounts falling due after
more than one year		 -
40,015
16,380
2,415
11,830
4,210
38,193
7,440
1,072
-
70,640
50,915
2024
£
2023
£
Other creditors
1,579,585
1,580,000

Creditors falling due after more than one year are loans received to fund the purchase of the new building.

Expenditure
£
At 31 July
2024
£
21. Analysis of
charitable funds
At 1 August
2023
£
Income
£		 Expenditure
£
At 31 July
2024
£
21. Analysis of
charitable funds
At 1 August
2023
£
Income
£		 Expenditure
£
At 31 July
2024
£
21. Analysis of
charitable funds
At 1 August
2023
£
Income
£		 Expenditure
£
At 31 July
2024
£
21. Analysis of
charitable funds
At 1 August
2023
£
Income
£
General funds
(926,150)
3,318,343
3,376,654
867,839
Expenditure
£
At 31 July
2023
£
At 1 August
2022
£
Income
£
General funds
(997,304)
3,376,654
3,298,996
1,074,962
22. Analysis of net assets between funds
Unrestricted
funds
£
Total funds
2024
£
Tangible fxed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
4,960,968
7,600
(70,640)
(1,579,585)
3,318,343
4,960,968
7,600
(70,640)
(1,579,585)
3,318,343
Tangible fxed assets
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
5,004,687
2,882
(50,915)
(1,580,000)
3,376,654
5,004,687
2,882
(50,915)
(1,580,000)
3,376,654
Unrestricted
funds
£
Total funds
2023
£		 4,960,968
7,600
(70,640)
(1,579,585)
4,960,968
7,600
(70,640)
(1,579,585)
3,318,343
3,318,343
5,004,687
2,882
(50,915)
(1,580,000)
5,004,687
2,882
(50,915)
(1,580,000)
3,376,654
3,376,654

35

Notes to the Financial Statements (continued) Hatzola Trust Limited - Year ended 31 July 2024

23. Analysis of changes in net debt
Cash fows
£
At 31 July
2024
£
At 1 August
2023
£		 23. Analysis of changes in net debt
Cash fows
£
At 31 July
2024
£
At 1 August
2023
£
Cash at bank and in hand
Bank overdrafts		 6,354
4,210
7,600
-
1,246
(4,210)
10,564
7,600
(2,964)

24. Related parties

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.

During the year a donation of £17,714 was paid to Hatzola Trust to further support its medical emergency response activities.

Included in long-term creditors is an amount of £8,000 due to the trustee M Breuer.

36

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

The 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

Hatzola is definitely the )/ most outstanding organisation I have L= =) = come across. Mr B.

37