**Charity registration number 1163714 (England and Wales) Company registration number 09331317**
## **TZIVOS HASHEM UK**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024**
## **TZIVOS HASHEM UK**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|E Sufrin|
|---|---|
||E Itzinger|
||B Benchemhoun|
||D Katzel|
||A Vilensky|
|**Charity number (England and Wales)**|1163714|
|**Company number**|09331317|
|**Principal address**|156 Golders Green Road|
||London|
||NW11 8HE|
|**Registered office**|2 Western Avenue|
||London|
||NW11 9HH|
|**Independent examiner**|Anthony Epstein FCA|
||Paragon Partners Limited|
||Churchill House|
||137 - 139 Brent Street|
||London NW4 4DJ|
**TZIVOS HASHEM UK CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 8|
|Independent examiner's report|9|
|Statement of financial activities|10|
|Balance sheet|11|
|Notes to the financial statements|12 - 18|
## **TZIVOS HASHEM UK**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
The trustees present their annual report and financial statements for the year ended 30 September 2024.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005.
## **Objectives and activities**
The Objectives of the Charity, Chabad Golders Green (Chabad GG), are as follows: to promote the advancement of the Orthodox Jewish Faith through Jewish education; to provide social welfare and conduct services, meetings, and educational facilities following the principles of Orthodox Jewish laws and practices; to pursue other charitable purposes recognised by English law and to collaborate with similar bodies.
The Trustees have considered the guidance issued by the Charity Commission when deciding what activities the Charity should undertake.
## **Public Benefit**
The trustees and officers consider Section 17 of the Charities Act 2011 and the Charity Commission’s guidance on public benefit when carrying out the charity’s activities. They believe that the charity's "open door" approach to reaching out to beneficiaries across the community reflects and fulfils its legal obligation to ensure public benefit in everything it aims to do.
## **Safeguarding**
Chabad GG places great importance on safeguarding young people and other vulnerable individuals. Since 2015, they have worked closely with the Chabad UK Head Office and NSPCC to create and enforce a comprehensive safeguarding policy. This policy ensures that all relevant individuals receive regular training appropriate for their roles.
The policy was last reviewed in September 2024 in consultation with the NSPCC, and procedures are already in place to ensure everyone is fully aware of it and understands their responsibilities.
## **With Gratitude and Thanks**
Chabad GG is extremely thankful to everyone who has devoted their time and effort to advance the Charity's mission. The team members, including volunteers, have consistently shown selflessness by prioritising the charity's goals and collaborating to achieve its main objectives. Their commitment and dedication have been critical in supporting the charity's mission.
## **Achievements and performance**
Chabad of GG offers Jewish educational classes, cultural resources, welfare resources, and religious services in and around Golders Green. Our events and programs, including large Friday night dinners, have experienced significant growth in popularity and attendance. We are proud to have hosted over 6,000 people from various backgrounds at our diverse programs and events.
## **Summary of key activities**
The Charity provides a variety of community services, including hospital visitations, mezuzah checking, koshering of the kitchen, and most importantly, unwavering support for the community during significant life events including baby naming, circumcision ceremonies, pidyon haben, bar/bat mitzvah celebrations, birthdays, weddings (including education on Jewish marriage laws), funerals, stone settings, Shiva services, and Yizkor remembrance services.
All of our activities are guided by our commitment to promoting kindness, a non-judgmental open-door policy, respect for one another, family unity, Charity, and peace. We strive to create a secure and welcoming environment for all.
- 1 -
## **TZIVOS HASHEM UK**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **Adult Education**
The Charity’s mission is to make Jewish knowledge accessible and personally meaningful to everyone regardless of background or affiliation. Chabad GG’s ongoing Jewish Learning Institute (JLI) courses is one of their varied adult education programmes. JLI’s insightful curriculum is ground-breaking. It uses scholastic techniques, embraces a “multiple intelligence” model, and uses multimedia in various approaches to captivate, educate, and emotionally stimulate all kinds of minds in a vibrant Jewish learning experience.
This year's JLI courses were titled JLI World of Kabbalah (Nov/Dec 23), JLI Advice for Life (Feb/Mar 24), and JLI Decisions of Fate (May/June 24).
## **Welfare Support**
Chabad GG thoughtfully and discreetly provides welfare assistance in line with our objective of poverty relief.
Our assistance includes providing food weekly to many families, distributed via several volunteers, organising temporary accommodations when required, and occasionally providing direct grants. The Charity offers a supportive ear and, when needed, connects individuals with the appropriate professionals.
## **Friday Night Dinners**
The Charity runs weekly communal dinners every Friday evening throughout the year. The dinners bring together a cross-section of the community, including many who are lonely vulnerable.
## **Sunday Morning Tefillin Club**
Every Sunday morning Chabad GG run a Tefillin Club,
encouraging men to wrap Tefillin and create a feeling of connection, followed by a video presentation and a delicious breakfast, fuelling the start of the week, both physically & spiritually.
- 2 -
## **TZIVOS HASHEM UK**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **Highlights Throughout the Year:**
## **October 2023**
Chabad GG offered an explanatory and easy-to follow Yom Kippur service, which concluded with a break-the-fast gathering. It was a comfort zone for everyone and a place for personal reflection. During Sukkot, Chabad GG set up a Sukkah where participants could connect with nature and the Divine. The Charity offered delicious meals and kiddushim, allowing those without a sukkah to participate in the traditions with a sense of belonging and unity. There were also Lulav shaking and home visits for those who could not attend the centre.
The Charity hosted a Chabad Young Professional (CYP) event, bringing together like-minded young professionals from across NW London for an extraordinary social evening. Several young couples who met at Chabad GG have since married. The Charity has been involved in helping them with wedding preparations. The Charity hosted an Aleeza Shalom Dating Event for young professionals.
Chabad GG hosted a culturally appropriate Family Circus event during Sukkos, which was very well attended, with a fun time for all. The event enabled many less privileged families to experience a circus for the first time and enjoy wholesome, family-oriented entertainment.
The Charity organised a Simchas Torah celebration, followed by a Hakafos dinner and dance for the participants and their families.
November 2023
Chabad GG ran the Rosh Chodesh Society (RCS) Women’s Monthly Circle, a 7-part course on self-help and self-development, titled “Women of Worth”. The first session discussed Two Views of You - _Overcoming Inclination via an External Perspective_ and was followed by an enjoyable Candle Art activity.
The charity led a 6-week educational course titled: The World of Kabbalah: Exploring the ancient world of Mystical Secrets, discovering the core mystical and spiritual teachings of Kabbalah and their relevance to everyday life. Learning how to gain powerful insights to fuel deeper self-understanding and personal growth.
- 3 -
## **TZIVOS HASHEM UK**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
The Annual Fundraiser took place on November 5th and 6th respectively. The Trustees would like to take this opportunity to thank all those who contributed to the fundraising drive and those who donated so generously.
The Charity ran a Tzitzit knot-tying and wool-spinning workshop in Primary Schools as part of our array of handson, educational workshops.
The Charity joined the international Shabbat Peace Project with motivational speakers and special programmes.
## **December 2023**
The Charity travelled around with its Olive Press workshops to schools and community centres across the UK. Using fresh olives, participants help to squeeze, distil, and spin the olive juice in a centrifuge. Once the pure olive oil is extracted, participants fashion wicks out of cotton wool, and the Chanukah Menorah is lit traditionally.
The Charity hosted another successful Young Professional Social event.
During the Chanukah Festival of Lights, the Charity installed menorahs in town centres, hospitals, and public spaces to spread the message of freedom of expression. The Kids Night Family
Extravaganza, a highlight of Chanuka, featured an international singer and
local artists showcasing their talent and engaging the local community.
The RCS Ladies Monthly Circle part 2, titled Desirable Duplicity _Being Jewish in All of Life’s Roles_ was followed by jewellery box pyrography.
## **January 2024**
The Charity organised a Kumszit Social at their centre for the local community.
The RCS Ladies Monthly Circle, Part 3 - Mother of Devotion: _The Limits of Sacrifice_ , was enjoyed by all. The participants then designed and strung bracelets with inspiring messages.
## **February 2024**
The RCS Ladies Monthly Circle part 4 was delivered. The participants discussed Affection in Direction - _Rebuking with Love and Respect_ , followed by Shadow Art craft.
JLI Advice for Life – a five-week course, began. The Rebbe's spiritual leadership is the force behind the modern Chabad movement. Participants travelled on a multimedia journey, gaining practical wisdom on work, family, health, and well-being. Discovering how the Rebbe applied Jewish values to serve as a guide for finding deeper meaning in everyday life.
The Charity organised a group of teenage community members to join International C- Teen Weekend in New York, where they joined up with 3000 like-minded teens from around the world for a rewarding and uplifting weekend. Many new friendships were cemented.
- 4 -
## **TZIVOS HASHEM UK**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **March 2024**
Chabad GG hosted an exciting Purim bash event featuring a Live DJ, a hot buffet, and entertainment for both children and adults. The Charity posted food packages throughout the UK and delivered them locally by our dedicated volunteers.
The Charity's volunteers brought the spirit of the local senior homes to life as the Rabbi and volunteers read the Megillah over Purim.
The participants well enjoyed the RCS Ladies' Monthly Circle, Part 5. The topic was Resource-fullness _Using Every Resource for G-d’s Purpose,_ and was followed by Tambourine Art.
## **April 2024**
The Charity’s famous educational Matzah Bakery workshops travelled to schools and youth groups around the country. Teaching the art of Winnowing, threshing, grinding the grain in a hand-driven wheat mill, sifting the flour, and finally making a dough and then baking their matzos, all under the pressure of an 18-
minute time limit! Boxes of Hand-baked matzah were distributed in person and were also available for shipping.
The Rabbi and his family graciously and diligently led the Annual Communal Pesach Seder, which 75 people attended—focusing on our history in ancient Egypt 3300 years ago.
Pesach/ Passover programmes were engaging for both adults and children, followed by Kiddushim. The Charity arranged meals for those in need.
## **May 2024**
The Charity organised a Pirkei Avot Ethics class for ladies, in the lead up to Shavuot which was well attended. The RCS Ladies Monthly Circle part 6 - Against the Tide - _Acting Morally in an Immoral Society,_ was followed by the participants creating Sugar Scrubs.
- 5 -
## **TZIVOS HASHEM UK**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **June 2024**
The Charity took part in the Macabee Fun Run – promoting a healthy lifestyle and positive wellbeing. The Charity hosted an enlightened Shavuot Dinner, followed by a late-night study programme. Children and adults enjoyed a Shavuos Dairy Ice Cream Party
JLI Adult Education Course: Decision of Fate was well received. This course applied Jewish values to four common dilemmas: risky treatments, end-of-life care, abortion, and care of the deceased. The RCS Ladies Monthly Circle part 7 was delivered. The participants explored the concept “Stepping Up the Tide - _Opting for Tough but True”_ and then enjoyed making cheesecake in a jar.
## **July and August 24**
The Charity organised a Summer Day Camp programme for children during the school holidays, providing activities, field trips, nutritious meals, and a secure environment to nurture lasting friendships. The camp offered a wide range of fun and educational experiences — from arts and crafts to sports, day trips, and engaging sessions led by external providers, including Mad Science experiments, magic shows, team-based puzzles and game challenges, drum circles, and more. The Charity selected each activity very carefully to encourage and promote creativity, learning, collaboration, and self-confidence in children.
On Tisha B’Av, the Charity hosted a talk by Holocaust survivor Mrs Barbara Frankiss, educating the next generation.
The Charity prepared the data for the upcoming Calendar for the New Year as it plans and strategies for the coming year.
- 6 -
**TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **TZIVOS HASHEM UK**
## **September 2024**
As a lead-up to e Jewish New Year, the Charity ran Shofar-making workshops in schools and community centres around London.
The craftsman demonstrates the process of transforming a raw ram’s horn through skilled shaping and polishing into an authentic kosher-sounding horn. The Rabbi encouraged participants to help complete an actual horn. Each group keeps the Shofar fashioned there as a memento of the craftsman’s visit. The participants then learned to sound the Shofar and practised blowing different notes on a variety of shofrot.
- 7 -
TZIVOS HASHEM UK
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
Fln•nelal f•vI•w
The statement of Flnancial AcdvitSes shows a nat deficit of £14.96112023 - £53.626) feA the year, which has ba8n
deduciwJ from tho anC•s. The truslaes gxp8ct an inThse in d¢)nations and aclivrtlos in tho wning year.
At pYesen[ the Trustees do nol con8ider it n8ce8sary to have a specific res8rve policy. Thgy 8r• hty¥wer taklrvj
concerted steps lo develop a serfes of Inllialives so a8 to further impmve the Charitys flngncid wslbon.
AI f8cd¥od so far 8rn Unmlrkaed Funds
structu gov•rnanc• Ind m•nag•m•nt
Tho charlty is a C4Jnyw liffllted by guaMt8• govemeil by Its Memorandum gnd Mic1•8 in¢¢rated on 27
November 2014 ès amendod by speaal resoluuon r8glsler•d al companles Hou80 on TJ Sl•mr 2015.
The CharityAppointod Mr lknd Kalzal as a T1•e on th? I 2020.
Thè trust. who are also th8 dlrg¢tor8 for tho of company IAW. and whD swved durlrKJ the ygar and up
to the date of slLThlure of the flnancial Statements wwa..
E Suftin
E Itziwor
Benchemhoun
D Kalzel
AVllen8ky
Appolntmonl ofthe tru%tee8 Is govomod by the M•moranthJm and Artldes ol company.
NcTh of the tAte8S has any tr*neffiCI intere51 In the campany. AJI of trLths mfjmtrers oftho CCAmpany
and guarantee to cntribUte a sum Inol excoeding È10} In the ovent of a winding up.
Thg tN$tees' ryrt was 8ppKNed by Boar(l of Trust8•8.
B Bench•mhoun
Trustee
Daled.'25 June 2025
Trusloe
OatÈd.' 25 June 2025
TZIVOS HASHEM UK
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF TZNOS HASHEM UK
I report to lh6 tN$lee8 on my •x8mination of the ffinnd $talwwts ofTzivc* Hastr•m UK (the ch8rfty1 for Ih• yo8r
end8d 30 Septsmber 2024.
Rupon•ibiSld•s and b#sl$ ol r4port
As the trusteès of tho ¢hgrity18nd Its flr•ctOTS for th8 PU0$08 of company law). you arn raspongiblo for ihe
proparotion of the financial stst8ments in accordance with the requirements of the Cwanies Act 2006.
Havrt $atisfled rny%olf that the financi81 statemorts of the chartty are not required to be audited under Part 16 of the
Companles Act 2006 and arn diglble for indop6nd6nt examlnation. I rert In Trspect of my examlnation ol the
chafitys finandal stai•ments carried uThJ8r Séction 145 of IM chariti.es Act 2011. In carrying ovl my •xaminotlon
I have follow&J the Directiory8 given by the Charity Commi8sl¢)n under gèction 14515llbl of the Chartbe8 Act 2011.
sin th8 charity's 9ros8 income exceeded £250,QOO, the indepondent Thner musl bè a member of a body li81ed
In Sec 145 of the Chori118s kt 2011. 1 confimi that l am quoknfd to urthrtake the ex*nirbèlKJn beUSe l #m
mbar ofth. whlch Is on6 of the hsted les.
I ha cc¥nplet•d my 0xamin(. I c¢nfimi no matters hav• conw tr) my attanti In CA)nrndlon
xaminatr•n glfig mo ¢aLtse to I)18¥? that in any mater1 rnspgGt'.
accountsnG record8were nol kept In r83pecl ofthe charity as requlred bysqction 386 of the Comp8niosAcl 2006.
thè finanaal statements do nol accord those rocord5: or
th8 ffinancial Btatsments do not comply with the accounting requlrements of 8¢don 396 of the Comp8ni88 Act
2006 other than any tsquiramgnt that tho finaneial $tat¢ments 9ivo 8 truo and falr ¥1. vthkh is not a matter
ujnsklered as p*t of an iThlep8ndent exwnlnatk)n," or
the finan¢ial statemènts have not b•en pr•pared In 8ccord8n¢ewith the m&th(Mls and princlple8 of tha Statem•nl
of Re¢omm&nded Pracllc• for ae¢ounting rnF*xbr¥J by charltles aFvlicable to tharities prepariThJ thelr
finaw81 statem•nts in aKdance with the Financial Reporling Standard applicab in Ihe UK and Republ of
Ire18nd {FRS 102).
I have no Wheems and have ojme across no otlw malt•¥ in C£A)necllon with Ihe ox8mlnalion to attontson
shoLdd bg drawn In this report In order to enable a prop6r und¥rslandlng ollho fln8nd818tatemonts to be r•8ch•d.
Paragon
artnern timited
church HrMJ8e
137- 139 Brent Street
London
W14 40J
26 June 2025
## **TZIVOS HASHEM UK**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2024**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**funds**|**funds**|
|||**2024**|**2023**|
||**Notes**|**£**|**£**|
|**Income from:**||||
|Donations and legacies|**3**|350,237|323,437|
|Charitable activities|**4**|76,553|67,824|
|**Total income**||426,790|391,261|
|**Expenditure on:**||||
|Charitable activities|**5**|441,751|444,887|
|**Total expenditure**||441,751|444,887|
|**Net expenditure and movement in funds**||(14,961)|(53,626)|
|**Reconciliation of funds:**||||
|Fund balances at 1 October 2023||177,223|230,849|
|**Fund balances at 30 September 2024**||162,262|177,223|
- 10 -
TZIVOS HASHEM UK
BALANCE SHEET
ASAT30 SEPTEMBER 2024
2024
Not•s
Flx•d ••••ts
Tarslble 8gspts
11
130,692
159,440
Curr•nt a••rfs
Dèbtors
12
23.878
15,370
Caeh at bank ond kn hond
18.539
21,548
42,415
36.918
Crndll¢)rs." •rnount8 falllng du• T*lthln
offl• year
13
(10.8451
(19.13S)
162.262
177.223
Th• fund• of th• charlty
Unr8stri¢te*J funds
162.262
177.223
162,262
177,223
The company F5 entilled to tho exemptKJn frfm the awlit raqirn c(¥ttaKMI in 477 of tho CLYnpani85 Act
2006, for the year ?nd•l 30 Septembèr 2024.
rospect to 8cfAryunling rgcords and the pr•pgrath)n offlnan¢lal stat•ments.
Tho mwnbBrs hava r8quir&J the conw to otrAain 8j1* of its ffinancial ststements ts 1he yo•r in qUtic in
a¢coTdanc8 vrith 476.
Thosefinancial statomts bean pr8p8rBd in 2CWTdancewilh Ihe txovisjons appkabla to ojmpanles subj8ctto
tho small companlgs raglmg.
The financl81 statomonts werg approved by the trustees on 25 Juno 2025
E Sufrin
8 Benchom
Company reoi8tration nurnber 09331317 (England and Walejl
11
## **TZIVOS HASHEM UK**
## **NOTES TO THE FINANCIAL STATEMENTS**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
Tzivos Hashem UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 2 Western Avenue, London, NW11 9HH.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 12 -
## **TZIVOS HASHEM UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold improvements 10 years Fixtures, fittings & equipment 25% reducing balance Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.9 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
- 13 -
## **TZIVOS HASHEM UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.10 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 14 -
## **TZIVOS HASHEM UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **3 Income from donations and legacies**
|||**Unrestricted**|**Unrestricted**|
|---|---|---|---|
|||**Funds**|
**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||Donations and gifts|310,329|286,578|
||Grants|~~39,908~~|~~36,859~~|
|||350,237|323,437|
|**4**|**Income from charitable activities**|||
|||**Unrestricted**|**Unrestricted**|
|||**funds**|**funds**|
|||**2024**|**2023**|
|||**£**|**£**|
||**Income from organised events**|||
||Other income|76,553|67,824|
- 15 -
## **TZIVOS HASHEM UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **5 Charitable activities**
|**Charitable Governance**
**Activities**
**costs**
**2024**
**2024**
**£**
**£**
Staff costs
62,302
-
Depreciation and impairment
-
-
Event costs
92,390
-
Supplies for programmes
140,752
-
Trips and activities
1,211
-
Website, IT software and consumables
398
-
Advertising and marketing
3,003
-
Insurance
-
-
Light, heat, repairs & maintenance
-
-
Motor vehicle expenses
8,392
-
Postage, printing and stationery
8,927
-
Rent
25,270
-
Telephone and internet
-
-
Travelling expenses
26,411
-
Accountancy
-
2,040
Other charitable expenditure
6,597
2,233
375,653
4,273
Grant funding of activities (see note 6)
192
-
375,845
4,273|**Support**
**costs**
**2024**
**£**
-
28,748
-
-
-
-
-
4,583
18,090
-
2,773
-
2,162
-
-
5,277
61,633
-
61,633|**Total**
**2024**
**£**
62,302
28,748
92,390
140,752
1,211
398
3,003
4,583
18,090
8,392
11,700
25,270
2,162
26,411
2,040
14,107
441,559
192
441,751|**Total**
**2023**
**£**
59,939
30,936
92,929
125,009
1,707
1,611
5,208
3,622
12,695
8,176
11,779
46,073
1,570
15,718
2,094
23,025|
|---|---|---|---|
||||442,091
2,796|
||||444,887|
- 16 -
## **TZIVOS HASHEM UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **6 Grants payable**
|||**Charitable**|**Charitable**|
|---|---|---|---|
|||**Activities**|**Activities**|
|||**2024**|**2023**|
|||**£**|**£**|
||Grants to individuals|192|2,796|
|||192|2,796|
|**7**|**Net movement in funds**|**2024**|**2023**|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Depreciation of owned tangible fixed assets|28,748|30,936|
## **8 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year (2023 - nil).
## **9 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
|Employees|4|4|
|Volunteers|25|25|
|Total|||
||29|29|
|**Employment costs**|**2024**|**2023**|
||**£**|**£**|
|Wages and salaries|62,302|59,939|
There were no employees whose annual remuneration was more than £60,000.
- 17 -
## **TZIVOS HASHEM UK**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)**
## _**FOR THE YEAR ENDED 30 SEPTEMBER 2024**_
## **10 Taxation**
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
## **11 Tangible fixed assets**
|**Leasehold**
**improvements**
**Fixtures,**
**fittings &**
**equipment**
**Cost**
**£**
**£**
At 1 October 2023
204,789
9,932
At 30 September 2024
**Depreciation and impairment**
204,789
9,932
At 1 October 2023
71,598
5,794
Depreciation charged in the year
22,186
1,034
At 30 September 2024
**Carrying amount**
93,784
6,828
At 30 September 2024
~~111,005~~
3,104
At 30 September 2023
133,191
**12**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
**13**
**Creditors: amounts falling due within one year**
Other taxation and social security
Trade creditors
Other creditors
4,138|**Motor**
**vehicles**
**£**
39,310
39,310
17,199
5,528
22,727
16,583
**2024**
**£**
23,876
-
**2024**
**£**
387
10,074
384
22,111
23,876
10,845|**Total**
**£**
254,031
254,031
94,591
28,748
123,339
130,692
**2023**
**£**
15,360
10
**2023**
**£**
-
19,135
-
159,440
15,370
19,135|
|---|---|---|
## **14 Related party transactions**
There were no disclosable related party transactions during the year (2023 - none).
- 18 -