Chawlty roglstr•tlon number 1167227 ONE HEART-LEV ECHOD ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023
ONE HEART-LEV ECHOD LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr D Krautwbrt Mrs H Moskovitz Mrs L Rand Charlty number 1167227 Prlnclp*l •ddr•ss Fl819 Davis Court Saw Mill Way London N16 6AG Audltor FMCB 3rd Flaor H8thaw8y House Popes Drive Finchley London N3 1QF
ONE HEART-LEV ECHOD CONTENTS Pagg Trustees, Port Indepgndent audilof8 report Stalemgnl of financial aclivili88 Balance sheet ststomenl of cash flow8 Note8 lo the financial 81alernen18 10-14
ONE HEART-LEV ECHOD TRUSTEES. REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Iruslees present their annual report and financial statements for the year ended 30 September 2023. The financial Slalemenls have been prepared in accordancè %lh the accounting policies sel out in note 1 to the financial slalemenls and comply with the charity's trust deed dated 1 April 2016 and the supplemental deeds dated 15 November 2016 and 20 November 2018, the Charities Act 2011 and 'Accounling and Reporting by Charities. Slalemenl ol Recommended Practice applicable lo charities preparing their account5 in accordance with the Financial Reporting S18ndard applicable in the UK and Republic ol Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20191 Oblectlves and aclivitles The tharily's objects are sel out below.. To protect prèserve and advance the physical and emotional health and well-being of those suffering from illnèss, bereèvgmenl or loss of close family members by the provision of support facilities 8nd services. The r&liel of poverty, The charity achieve5 Ils objectives prlncipally by collecllng voluntary donations and applying those funds towards charitable eauses considered by the Iruslees lo meet the charity's conslilulional objectives. The Iruslees confirm th81 they have referred lo the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity'8 aims and objectives 8nd in planning lulure activities and In selling grant making policy. Achlevements and performance The charity has conlinued making grants in accordance with ils objective8 and acllvitles. The trustees are satisfied with the activities ol the charity 8nd the arnounl paid in grants. Grants paid in the year to 30 September 2023 were £3.132,818 12022. £3,195,471) of which £90.749 12022. £501,471) were pald lo inslilulions and £3.042,06912022. £2.694.0001 were paid lo indivi(Juals The lolal number ol grants paid in the year lo 30 September 2023 was 940 granls12022.' 8451 of which 46 granls12022. 451 were paid lo inslilulions and 894 granls12022.' 8001 were paid lo individual5. In the year no paymenls12022'. £5621 were given in support of those Suffering from illness or ber&avgmenl. Fund Ralglng The charity puls potential beneflciaries in contact with possible donors and they decide whether to $pon$or individuals. 0gnor$ lend lo be regular supporter¥ of Ihg charity. The charity h8s not received Iny complaints iegarding ils fund raising aclivilies. Flnanclal r•vlew Total incoming resourcos during the year amounted lo £3,172,878 12022.. £3.193,8981 which is attributable to donations received. Total resources expended in the year amounted lo £3,143.669 12022.. £3,203,108) which included grants of £3,132,81812022.. £3,195,471) and support given to individuals of £0 12022. £5621. Grants are lor the relief of poverty Support are payments made on behalf of individuals who are in need of help due lo Illness or bereavement. Reserve pollcy The eharily has continued lo support appropriate charitable causes. Funding for them is from donations which the charity distributes as they are received. The policy ol the charity is lo maximise the funds thal il ¥aises so that it can continue lo meet It5 aims and objectives in the future. At 30 September 2023 the charity had unrestricted funds of £94,79312022. £65.584I. Risk The Iruslees have assessed the major risks lo which the charity is exposed, and are satisfied that systems are in place lo miligale exposure lo the major risks. The principal risk identifièd is a fall in donations which would reslTiCt the charity's activities and accordingly il continually maximises ils fund raising efforts.
ONE HEART-LEV ECHOD TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Plans for the future The trustees aim lo maintain and develop the activities of the eharily by ensuring that il is adequately funded and that those funds are applied towards the objectives and activities of the charity structure, govornan¢e and managoment Thg charity is registered with the Charity Colnmission in England and Wales Iregislered number 11672271. The governing document ol th8 chanly Is ils trust deed dated 1 April 2016 and the supplemental deeds dated 15 November 2016 and 20 November 2018. The Iruslees who served during the year and up lo the dale of signature of the financial slalemenls were.. Mr D Kraulwirt Mrs H M06kovit2 Mr8 L Rand The chafily is managed exclusively by ils Iruslees and the lolal number of trustees cannot exceed five. The Iru$l¢es shall hold two ordinary meetings each year and any olher meetings Shall lake plac& al their discretion. Decisions are decided by maiorily vole. The trustees have the power lo appoint new Iruslees. The charity oper81e8 purely on a voluntary basis, The trustees periodically evaluate possible Irainlng requirernenl$ lo best suit the charity's objectives. The day lo day management ol the charilylg dealt with by Y Sprung. Statement of tN$tè•8' Msponslbllllles The Iruslees are responsible for preparing the Trustees, Report and the financill slalemenls in aOrdance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable lo charities in England and Wales requires Ihfr Iruslees lo prepare financial s1818ment8 for each financial year which give a true and fair view of the slate of affairs of the charity and of the Incoming resourTrs and application ol resources of the charity for that year, In preparing these financi81 slalemenls, the Iruslees are required lo.. select suitable a¢counling policies and then apply them con5181enlly', observe the methods and principles in the Charitie5 SORP., make judgements and eslimales th81 are rea50n8bl8 and prudent., slate whether applicable accounting s18ndard5 have been loll¢)wed, subject lo any material departures diselosed and explained In the financial slalemenls., and prepare the financial statements on the going concern basis unless it 1$ inappropriate lo presunE that the charity will Continue in operation. The Iruslees are responsible for keeping sufficient ac¢ounling records that disclose with reasonatAe accuracy al any lime the financial position of the charity and enable them lo ensure that the fi'nancial slalemenis comply wrth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2C108 and the provisions of the trust deed They are also responsible for safeguarding the assets of the ch8nly and hence for taking reasonable steps for the prevention and dglertion of fraud and other irregularities.
ONE HEART-LEV ECHOD TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 30 SEPTEMBER 2023 The Iruslees, report wa$ approved by the Board of Trustees. Mrs L Rand Tru8lee Dated..
ONE HEART-LEV ECHOD INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF ONE HEART-LEV ECHOD Oplnlon We have audited the financial statements of One Heart-Lev Echod Ilhe 'charity'l for the year ended 30 September 2023 which comprise the slalemenl of financial aclivilies, the balance sheet, the statement of cash flows and the notes lo the financial slalemenls, including a summary of significant accounting policies. The financi81 reporting Iramewoth that has been applied in their preparation is applicable law and United Kingdom Accounting Slandafds, Including Financial Reporting Standard 102 Th& Financial R8porting Sl&i?dard applicabl8 In the UK and Republic ol Ireland (United Kingdom Generally Aceepled Accounting Pr8Cticel. In our opinion. the financial slalemenls,. give a true and fair view ol the slate of the ¢harily'5 affairs as al 30 September 2023 and of its incoming resources and application of resources, for the year then ended.. have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Praclice.. and havg been prepared in ?ordanCe with Ihe requirements ol the Charilie5AGI 2011, Basls for oplnlon We conducted our audit in accordance with International Sland8rds on Audlllng IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described In the Audiloi's r8spoiisibilili&s for Ihe aiidil ol the financial slalemenls 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 slalemenls in the UK, including the FRC'S Ethical Standard. and we have lullilled our other ethical responsibilities in accordance with these requirement8. We believo that the audit evidence we have obtained is sufficient and approprialo lo providg 8 basis for our opinion. Concluslons relatlng to golng concern In auditing the financial slalemenls. we have concluded that the Iruslee8' U88 of the goin9 concem basis of accounting in the preparation of the financial slalemenls is appropriate. B88ed on the work we h8ve perfomied, we have not identified any malerlal uncertainties relating lo events or conditions that, individually or collectively, may cast significant doubl on the charity's ability lo continue as a going concem for a period of al least twelvè months from when the financial slalemenls are luthorised for issue. Our fesponsibililies and the r8sponsibililies of the Iruslees wth respect lo going concern are described in the relevant sections of this report. othgr Informatlon The other information ¢ompri$e$ the infofmalion included in the annual report other than the linarKial Statements nd our auditor's feport thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial slalemenls does not cover the other information and we do not express any form of assurance conclusion Ihereon. Our responsibility is lo ad the other information and, in doing so. considef whether the other informaliori is materially inconsislenl with the financial statements or our knowledge obtained in the course of the audit, Dr otherwise appears lo be materially misstaled. If we identify such material inconsistencies or apparent material misstatements. we are required to determine whether this gives rise to a material misslalemenl in the financial slalemenls themselves. 11, based on the wort< we have performed, we conclude th81 there is a material misslalemenl of this other information, we afe Tequired lo report that fact. We have nothing lo report in this regard. Matters on vthich we are required to report by exception We have nothing lo report in respect ol the following matters in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us lo report lo you if, In our opinion.. the information given in the financial slatemanls is inconsislenl in any material respect with the trustees, report., or sufficient accounting records have not been kept,. or the financial statements are not In agreement with the aceounllng rècords.. or we have not received all the infDrmalion and expl8nalions we require for our audit.
ONE HEART-LEV ECHOD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ONE HEART-LEV ECHOD Responslbllltlgs of trustees As èxplained more fully in the statement of Iruslees, responsibilities, the trustees are re5PDnsible for the preparation of the financial statements and for being satisfied that tt)ey give a true and fair view, and for such internal control as the trustee5 determine is necessary lo enable the preparation of financial slatemenls that are free from material misslalemenl. whether due lo fraud or error In preparing the financial slatemenls. the Iruslees are responsible for assessing the charity's ability lo continue as a going concern, disclosing. as applicable. mallers related lo going concern and using the going concern basis of accounting unless the trustees either intend lo cease cperalions. or have no re81islic allernalive bul lo do so. Audltorf8 responslbllltlgs lor the audlt of the flnanclal statèments We have been appointed as auditor under section 144 01 the Charities Act 2011 and report in acmrdance wlh the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are fr6è from malerial misslalemenl, whether due to fraud or error, and lo issue 8n 8udilor's report that ineludes our opinion. Reasonable assurance Is a high level ol assurance bul is not a guafanlee that audit conducted in accordance wllh ISAS IUKI will always delecl a material misslalemenl when il exists Misslalements can arise frorn fraud or error and are considered rnalerial if, individually or In the aggregate, they ¢ould reasonably be expected lo influence the gconomic decisions ol users taken on the basis of these financial 5talemenls. The exlenl lo which our pradureS are capable of delecling irregulari15es, Including fraud, is detailed below.Irrègularitie$, including fraud. are in81ances ol non-compliance with laws and regulations. We design procedures In line with our responsibililles. outlined above, lo deleel material misslalernenls in respect ol irregularities. Including fraud, The exlenl lo which our procedures are Gapable of detecting irregularities, including fraud, is detailed below. In Identifying and assessing risks of material mi881alemenl in respect of irregularities, including fraud and non- complian¢¢ with laws and regulations, we considered information including thg followtng.. the natur8 of the charity and ils environment,, • results of our enquiries of Iruslees and management regarding idenlifi'calion and assessment ol the risks of irregularities", the inlemal controls and procedures established lo delecl and miligale risks of fraud or non-compli8nee with laws and regulations, the legal and regulatory framework that the charity operates in., considering factor$ that do not have 8 direct effect on the financial slat6menls bul compliance with whith may be lundamenlol lo the charity's ability lo operate. As a result of considoring the above we use audit procedures lo respond to any potential risks. Procedures used Include the following.. rèviewing the financi81 stslemenl disclosures and lesling sUPPOrting documentation lo asses8 compllance with provisions of relevant laws and r¢gulalions which have a direct effect on the financial slalemenls,. performing analytical procedures lo identify any unusual or unexpected relaliof15hips that may indicate risks of material misslalement due to fraud., enquiring of Iruslees and management lo obtain an understanding of any provisions and lesling the appropriateness ol joum81 entries and other adjustments., evalualing the rationale of any significant Iran$aclions that are unusual or outside the normal course of aclivilies. In addition lo the above procedures the engagement team remained alert lo any indications ol fraud or non- compliance with laws and regulations Ihroughoul the audit. A further description of our SponsIbl11eS is available on the Financial Reporting Counal's website at.. https'.11 www.Iic.org.uklaudilorsresponsibilities. This description forms part of our auditor's report.
ONE HEART-LEV ECHOD INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF ONE HEART-LEV ECHOD Other matter8 Your attention is drawn lo the fact that the eh8rily has prepared financial ytalemenls In aceordanee wilh"Accc)untsng and Reporting by Chanties". Statement of Recommended Practice applicable lo charities preparlng Ihelr accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021" las amended) in preferenee lo the Accounting and Reporting by Charili&s'. Slalemenl ol Rgcommended Praclice issued on l April 20C15 whieh is referred lo in the exlanl regulations bul has now been withdrawn. This has been done In order for the financjal slalemenls to provide a true and fair view in 8ccordance wlh current Genèrally Accèpted Accounting Practice. Use of our report This report is made solely lo the charlty'8 Iruslees, 88 a body, in aGcordanGe part 4 of the Charities IA¢counls and Reports) Regulations 2008. Our audit work ha5 been undertakerb SO Ihal we might slate lo the charity's Iruslegs those mallers we are required to Slate lo them In an auditor's report and lor no other purpose. To the lullest exlenl permilled by law, we do not accept or assume responsibility to anyone other Ihon the charity and the tharily, Iruslee$ as 8 body, for our audit work, lor Ihis report, or for the opinions we have formed. Suzanne Freoda BA FCA Isenlor Statutory Audltorl for and on behalf ol FMCB Charter•d Account•nts Statutory Audltor 3rd Floor Hathaway House Popes Drive Finchley London N3 1QF
ONE HEART-LEV ECHOD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023 Unr8strlctgd Unreslri¢ted funds funds 2023 2022 Notes In fr Donations and legacies 3,172,878 3,193.898 Charitable activities 3,143,869 3,203.108 Net Incomèllexpgndlturel for thg yeaTI Nat movèmènt In fund$ 29,209 19.2101 Fund balance8 at 1 October 2022 65,584 74.794 Fund balanc•• ¥t 30 Sfjptember 2023 94,793 65.584 The statement ol financial activities Includes all gains and losses recognisèd In tho year. All Incomè and expenditur8 derive from eonllnuing aclivilles.
ONE HEART-LEV ECHOD BALANCE SHEET ASAT 30 SEPTEMBER 2023 2023 2022 Notss Current assets Debtors Cash at bank and in hand 105.293 900 71,284 105.293 72,184 Credltor8: amounts falllng du8 wlthln one year 10 110.5001 16,6001 Ngt currnnt ass•t8 94,793 65,584 The funds ol thè charlty Unre81ncled funds 94,793 65,584 94.793 65,584 The financial 81alements were approved by the Iru8tee8 an ,.. . . . ..... . . Mr8 L Rand Trustee
ONE HEART-LEV ECHOD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 SEPTEMBER 2023 2021 2022 Notss C•sh flow& from operatlng actlvltle$ Cash absorbed by operations 13 71,2841 {8,610} Net C•8h used In Invèstlng acti¥lti Net cash used In flnanclng actlvltl•8 Net d8crèa•e In cash and c•sh •qulv•l•nts 171,2841 (8,6101 Cash and cash equivalents 8t beginnlng ol year 71,284 79,894 Cash Jnd cash equlvalents at end of year 71,284
ONE HEART-LEV ECHOD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 Accountlng pollcles Charity Inforniatlon One Heart-Lev Echod is registered as a charity with the Charity Commisslon in England and Wales. The principal office address is Flat 9, Davis Court, Saw Mill Way, London N16 6AG. 1.1 Accountlng conventlon The fi'nanaal slalemenls have been prepared in accordance with th8 charity's trust deed dated 1 April 2016 and the supplemental trust deeds dated 15 November 2016 and 20 November 2018. the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their aceounls in aecordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from 1 January 20191. The charity is a Public 8enefil Entity as defined by FRS 102. The financial sla18menls have departed from the Charities (Accounts and Reports) Regulations 2008 only lo the exlenl required lo provide a true and fair view. This departure has involved lollowing the Slalemenl of Recommended Practice for charllies applying FRS 102 rather than the version ol the Slalemenl ol Recommended Practice which Is referred lo in the Regulations but which has since been wilhdiawn. Th8 finanthal slalemenl8 are prepared in sterling. which is the funelional currency of the charity. Monetary amounts in Ihese financial 61alemenls are rounded lo the nearest £. The flnancial 8lalementg havt been prepared under the historical cost convention. The principal accounting policies adopted are sel out below. 1,2 Golng concern Al the time of approving the Ilnancial slalemenls, the trustees have a reasonable expectation that the charlly has adequate re8ource8 lo continue in operational existence lor the foreseeable lulure. Thus the Iruslees continue lo adopt the going concern basis ol accounting in preparing the financial slalemenls. 1.3 Charltabl• fund$ Unreslricled funds are available for use al the discretion of the trustees in further8nce ol their charil8ble objectives unless the funds have been dewgnaled lor other purposes. All the Gharily's fund5 are unreslricled, it has no restricted or endowed funds. 1.4 Incomlng resourcès Income is recognised when the charity is legally enlilled lo il after any perfomiance conditions have been met, the amounts can be m8a8ured reliably. and il is probable that income will be received. 1.5 Resourc•s •xpendgd All expenditure is accounted for tsn an accruals basis and has been classified under headings that aggregate all costs relatgd lo the category. Where costs cannot be directly altribuled to particular headings they have been allocated lo activities on a basis consislenl with use of the resources. Grants are fecognised in the accounts once the application has been approved. 1.6 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held al call with banks. 1.7 Flnanclal Instruments The charity has elecied lo apply the provisions of Seth'on 11 'Basic Financial Inslrumenls, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of its linancial instruments. 10-
ONE HEART-LEV ECHOD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 AcGountlng pollcles {Contlnued} 8aslc flnanclal assets Basic financial insliuments, whlch include deblors and bank balances, are measured al transaction price and subsequently carried 8t CO81 less Impairment losses lor bad and doubtful debts as thèy are receivabk within one year. Basic financial liabilities Baslc financial liabilities which include credltors a inllially recognlsed al transaction pce and are not amDrt15ed as they are payable within one year. Income Irom donatlons and l•g•¢lo8 Unrnstrlcied Unr•8trlctèd fund8 fund• 2023 2022 Donabons and gifts 3.172.878 3.193,898 Charltable actlvltles 2023 2022 Support given lo beneficiaries Bank charges Other ¢horil4ble expenditure 562 475 331 20 351 1,037 Grant funding of 8Ctlvltle818ee note 51 Sharo of governance cost818ee rle 41 3,132,818 3.195,471 10,500 6,600 3,143,669 3,203.108 Support given lo benofi¢iarie5 are payments made on behalf of individuals who are in need of help due to Illness or bereavement. 11
ONE HEART-LEV ECHOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEM8ER 2023 Support costs all¢¢at¢d to actlvltlos 202) 2022 Governanee eosl$ 10,500 6,800 Analy8ed betw•èn: Audil fees Legal & professional fees 8,600 3,900 6,600 10,500 8,600 Grants payable 2023 2022 Granlslo in8lilulion8.. Amud Ha¢he$ed Charity ILS North London Welfare and Educational Foundation Lev Echod Cancer Care Frlends ol Bels Soroh Schneirer BC Tru81 Bezel Hachochma Friends of Bels Chinuch Lebono8 Yeshuos Shabbos Charity Frlends of Mercoz Halorah Belz Macnivk 428.620 25,000 20,000 69,749 2.500 20,766 6,885 7,000 800 10,100 1,000 90,749 501,471 Grants to individual81894 gr8ntsl 3,042,069 2,894,000 3,132,818 3,195,471 Gronts payable are in accordance wlh the oblectives and activities of the charity. Grants lo inslilulions are for the relief of povety, sickness and infirmity amongst the Jewish lailh. Grants lo individuals afe lo members of th$ Jowish farth for the relief of poverty, sickne8s and infimiity. Trustges None of the trustees lor 8ny persons connected with them) received any remuneration or benefits from the charity dunng the 0 years ended 30 September 2023. Employees There were no employees for the two years ended 30 September 2023. 12-
ONE HEART-LEV ECHOD NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 Taxatlon The charity is exempl from laxalion on Its a¢tivilies because all ils income is applied for charitable purposes. Debtor4 2023 2022 Amounts falllng due wlthln ene year: Other debtors 105,293 900 10 Credltor8.' amounts falllng due wlthln ono yo•r 2023 2022 Accruals and deferred inwme 10,500 6,800 11 Unrestrlclod funds The unreslricled funds of the charity comprise the unexpended ba18nces of donations and gront$ whith are not subjacl lo specific conditions by donors and grantors 88 lo how they may be used. These include designated funds which have been sel aside out of unrèslrlcled funds by the Iruslees for specific purpose5. At 1 October 2022 Incomlng Resource At30 resourc •xp•nd•d Sgptembor 2023 General lund8 65.584 3,172,878 13,143.6691 94,793 ProvlouB yoar: At 1 Octobor 2021 Incomlng re8ources Resources At30 expènded 8eptemb•r 2022 Ggner81 funds 74,794 3,193,898 13,203,108) 65,584 12 R8lat8d pJrty transactlon• The We no disclosable related party transactions during the year 13-
ONE HEART-LEV ECHOD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2023 13 Cash g8n•ratod Irom op¢ratlons 2023 2022 SurplU{der1CItI for the yeaf 29,209 (9,2101 Movements in working caprt81'. Ilncreasel in debtor8 Increase in cre(lilors 1104,3931 3,900 600 Cash •b$orbed by operatlons {71,2841 18,6101 14 AnaW858 of change8 In net debt The charity had no material debt during the year. 14-