Charlty reglytratlon number 1176141 Company r•glstratlon numb•r CEO12577 (England and Wal•sl LEHACHZIKOM ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
LEHACHZIKOM LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr J Adler Mr J Gross Mr l J Feldmon MrA M Vizel Charlty number 1176141 Prlnclpal addres• 4 Rav Pinter Close London N16 58F Audltor Lopian Gross Bamett & Co 1st Floor. Cloister House Riverslde Naw Balley Street M8nchesl8r M3 5FS
LEHACHZIKOM CONTENTS TnJste88' report Statomont of Trustees, reBpoll8lblllbe Indep8ndent 8udIto8 report stal8ment of Ilnunrlol othlt4e$ Balance Statement of ca8h flows Notes to the financlal statements 10-14
LEHACHZIKOM TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial sLatem8nts for the year ended 31 Dacember 2023. Th8 flnancial stalemenls have been prepared in accordance with the accounting policies sel out in note 1 to the financial slalemenls and comply with th8 charitls governing do¢umenl, the Charities Act 2011 and "Accounung 8nd Repong by Chariti8s.' Statement ol Recommended Pracllce applicable lo charitl8s preparing thelr accounts in accordance wlth the Financial Reporting Standard applbcable in the UK and Republic of Ireland IFRS 1021. leffectlve 1 January 20191, ObJe¢tlv•s and actlvltl•s The charity's objects are the 8dvancemenl of the orthodox Jawlsh faith, the reliof of poverty and the rellef of sickness poor health and old age, In particular but not limited to peoF4é living in Israel. The IN$lee¥ do not antidp818 any ch8nses lo the88 activillgs In the future. The trusl8es have pold due regard lo guidance issued by the Charity Comrnisslon In deciding what 8Ctivilie$ the ch8rf1y should undertake. A¢hl•v•mont• and p•rfomi•nc• Ourlng the ye8r the Charity conllnued ils philanthropic activili?s in support of provisions of basic nece5sllS88 for the poor and reliel of sickness ond disabilllie8. The charity received £14,054,5121£13,953,583 . 20221 In donalions and gift aid durlng the year and £13.408.662 <£14,954,023 - 20221 was paid out by way of grants and support costs. All gran15 were made in line with the stoled objects of the charlty . FlThancl•l revl•w 11 is the policy ol the charity that unr&8lricled funds thich have not been design81ed fcr a specific use should be maintained at £15,000. The trustees consider that reseN8S 8t Ihls level will ensure that the charity can continue ils charkable actilIes. Thi$ level of reserv88 has been malnlalned throughout the yèar. As al 31 December 2023 lh8 charity h88 totsl fre8 reserv88 of £652,6781£6,828- 20221. The trustees are satisfieij wllh the results for tha year. The trustees have assessed the major risk8 to which the charlty is exposed, and are satisfied that systems are In place lo mitigate exposure to the major rlsks. Structur•. gDv•rnince Nnd manag•m•nt The charity 18 controlled by ils governing documonl. a constltutson (Foundglion Model) document dated 2nd October 2017, and conslilules a Charitable Incorporated Ofganisalion ICIO}. The day lo day affalrs of the Chorily ar8 adminlst8red by tho B08rd of Trustees. It is not curronlly th8 intention of the Trustees of the Charity to appoint new Iruslees. Should the sStuatson change in the future, the Tru8le?s will apply suitable cruItMent and training procedures. None of the Trustees have any beneficlal Interest in the Charity. The Iruslees who seryed during the year and up to the dale of Slgnature of the financial slalements were: Mr J Adler Mr J GTOSS Mr l J Feldm3n Mr A M Vizel In accordance with the companvs articles, 8 resolvtion proposing that Loplan Gross 8amett & Co be reappointed as auditor of the company wlll be put at a G8ner81 Meeting.
LEHACHZIKOM TRUSTEES, REPORT {CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Dbb¢10•4n ¢1 InfoMi•llon to •udltor Each ol thB trn$te ¢rffifim•d that th•r• no of vthlL they $r• war• ¥Jlth Is ielevlnl to lh• Butht, bul ol whkh the •udlor Is unawarè. Th•y havo luther confirrn8d that lfrrfy have token approprtplg ¥t•pi to IdBnlfy iuch r81ov8nl Intmauon and to •itsbh'sh that th• audrtor i• aw8ra of such Inform•lim. Th• Trta•1' reporl waj approNYd by the eoard ofTN8t•M. Mi l J F•mN 29 October 2024
LEHACHZIKOM STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The trust88s are respDnslble for preparing the Trusl895' R8port and the flnanclal statements In 8ccordance wllh appllcable law and United Kingdom Accounting Standards IUni18d Klngdom Generally Accepted Accounting Practice). The law applicBbl8 to charities in England Bnd Wales requires the trustees lo prepare finan(¥al 8tatemenls for eac linanclal y88r which give a true and fair view of the st8te of affairs of the Gharity and of tho Incomlng resources and appllcalion of resources of the charity for that year. In preparlng these financial slatemenls, the trusl6es aro requiretl lo: select 8ull8ble accounting polSci88 and then apply them conslstenuy., - obseNé the méthods and principle8 in the Charftles SORP., make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any malèrlal departures disclosed and explained in the financial stalemenls,. 8nd prepare the nnanclal 9181emenls on tha going concem ba818 unloss It is inappropriate lo presume that the charity will continue in operation. The Irusteeg are responslble for keeplng sufflclenl accounllng records that dlsclose wlth reasonable accuracy al any lirne the Ilnanclal position of the ch8rlty 8nd enable them to ensure that the flnancial slalemenls comply wSlh the Chadlies Act 2011, the Charlly IAccounl8 and Reports) RegulalSons 2008 and thè PTovisions of the Inj81 dèad. They arè also responsible for safeguar(ling the a868ts of the charity and henGe for taking reasonable steps for the Pr8VenOn and d8leclSon of fraud and other irregulatlll88.
LEHACHZIKOM INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LEHACHZIKOM Oplnlon INe have audlled the financlal statements of Lehachzikom Ilhe 'charity'l for the year ended 31 December 2023 which compTlSe the 8tstement of fin8ncial aclivilies, the balance sheet. the slalemenl of cash flows and notes lo the financial statements. Sncluding slgnificanl accounting poliri8s. The financial reporting framework Ihat has been applied in their preparation is applicable law and Unitod Kingdom Accounting Standards. including Finanual Reporting Standard 102 Th& FAnancial Reporting Stendard applicable in the UK and R8public of Ireland (United Kingdom GenerallyAccepled Accounting Practice). In our oplnSon, the financial ststernents.. give a true and fair view of the slal8 of the charity's affalrs as al 31 December 2023 and of ils incoming resources 8nd application of resources. lor Ihg year then ended., have been propèrly prepared in accordance with United Kingdom Generally Accepted Aecounllng Practlce., ond have been proparod In accordanc8 Wlth tha r8quirements of the Chadlles Act 2011. 8••1s for oplnlon We conducted our 8udll In accordanc8 With Inlern8tion81 Standards on Auditing IUKI IISAS IUKII 8nd appllcable law. Our responsibilllie8 under Ih¢Js& standard5 are further dfjscrlbad in the Audltors r8sponsiblllti8s lor the eudll of the financi81 sl8tem8ntS 88Ctlon of our r8port. We are indepandent of the chartly In accordanc& with the ethical requirements thal are relevant lo our audit of the financial statements in th8 UK, including th8 FRC'S Ethical Standard, and w8 have fulfilled our other fjlhical r8sponsibiliti8s in accordance with thes8 T8qvirements. We bell8v8 that th& audlt evidence wo have obl8ined is sufflclenl and approprfatg to provlde 8 ba818 for our opinlon. Concluslon• r•latlng to golng conc•rn In auditing the financial slalem8nls, we have concluded th8t tha Trusle68' use of the golng concern bgsis of occounling in tha preparallon of the fin8nclal stBlemenls is appropriate. Based on the work we have perfonned. we have not identified any rnalerial uncertainlles relaling lo events or conditions that, individually or collectively, may ca51 slgnificant doubl on the charfty's ability lo continue as a going COTn for a perfod of al le881 twelve months Irom when the finanry41 statements are aulhorls•d for Issue. Our responsibililles and the responslbllities of the trustees with respect lo going concem are described in the relevant 88clions ol this report. Other Infomi•tlon The other inforrnalion comprises the information include¢J in the annual report other than the financlal st8lements and our auditor'5 report theon. The Iwstees are responslble for the other Information contained w+lhin rhe annual raport. Our oplnlon on the fin8nci81 statements does not cover the other infofmatron and w8 do not exprgss any form of assurance conclusion thereon. Our r&sponsibilily is to r8ad the other informatlon and, In doing so, consider wh8the¥ the other information Is matarially inconsislenl wlh the financial slalements or our knowledg8 obtained in the course of the audit, or olhernists appears to be m8leri8lly misstated. If we identify such m8teri81 inconsistencies or apparent material misslalements, w8 are required to determine whether Ihls gives rlse lo a material misslaternent in the financial statements Ihomselves. If, based on the work w8 have perfomied, we concludo that there is material misstalemenl of Ihl8 other infomiat'on. we a r8qulr8d to report that fact. We have nothing lo report in this r8gard. Matt•rs on whlch we are requlr•d to roport by exception We have nothing to report in respect ol the following rnatters in relation lo whlch th8 Charftses (Accounts and Fieport51 Regulations 2008 require us to report lo you if, in our opinion.. th8 infomialion given in the financial statements Is inconsistent in any material respect wlh the Trustees, report.. or sufficient accounting rgcuds have not been kept,. or th8 financial statements are not In agreement with the accounting records., or we have not recelved all the information and explanations we require for our audit.
LEHACHZIKOM INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEHACHZIKOM R•sponslbllltles ol trusteos As explained mor8 lully in the 5t8tem8nl of Trusto98' re5ponslblllties, the trustees ar8 responsiblo for the preparation of the flnancial stalemonls and for boing satisfied that they give a true and fair wew, and for such internal wnlrol as the tru5t8es determine is necessary lo enable the pr8par8tion of financial statements that are fr99 from material misstsl8menl, whether due lo fraud or error. In Preparing the financial st81ements. the trustees are responsible for ass8ssing Ihe charfty's ability to continug as a going concern, disGlosing, as applicabla, matter$ related to going concem 8nd using the going concern basis ol accounting unless the Iruslees elther intend lo cease Operations, or have no realistic allemalive bul lo do so. Audltorfl re¥ponslbSlltles for th• audlt of tho Iln•nclal •talem•nt• We have been appointed as auditor under section 144 of the Chankn'es Act 2011 and raport In accordance wilh the Act and relevant regulations mad¢ or having effect thereunder. Our objeth'ves are lo obtain reasonable 8ssurance about whethèr the financial stalernents as a whol8 affj free from material mis5181emenl. whether due lo fr8ud or error, and to Issuè an Auditor's Teport that includes our opinion. Reasonable assurance is a high level ol assurance bul Is not a gu8ranl8e that an audll conducted In accordance with ISAS IUKI wlll always detect 8 m8lerial misslalemenl when il exists. Mlsslalements can ori5e from Iraud or error and are considered material if, Sndividually or in the aggregate, they could reasonably be gxpecled to influence the economic deu81ons of users tsken on the ba$1$ ol these fin8ncial slatemenl$. Irregularities, indudlng fraud. 8rg instances ol non-cornpliance w41h18ws and regulaligns. We degign procedures In line with our responsibilities, lo detect material misslalements in respect of Irregularities, includlng fraud. The extent lo which OLJr procedurey are capable of deiecling IrregulArities. Including fr8ud. Is delallgd below". We obtsined an understanding of laws and regulations that affect the entsly, focuslng on thos8 that had irect effect on the financial statements or that had a fundamental effect on its operaliDns. Where consldered necessary we enquired of those chorged wlth governance, reviewed correspondence and revlewed meoling rninules for evidence ol non-compllance with relevantlgws and regulali¢Jng. We gained an understanding of the controls environment which includes the controls In place lo prevent and detect fraud. We enquired ol those charggd with govemance aboul any incidences of fraud that had rBken place durlng the accounllng period. The risk ol fraud and non-compllance wlh 18ws and regulallons was d18cu¥sed wlthln the audlt team and tests were planned and performed 10 8ddre8s Iheso rlsks. We reviewed flnanclal statements d18closure$ to assess compliance 1h relavant laws and regulatlon8. We gnquired of those charged with govemBncg about Octual and polentS01 Iltigallon and clBlm¥.. We performed analytlcal proc&dures to Id8ntsfy any unusual or unexpected relationships that might Indlc818 risks of material misstatement due to fraud. In addressing th8 rlsk of fraud due to manBgemenl override of Internal conlrc4s we tested the 8ppropriatenes5 of journal enlrit8 antl ass8ssed whether the ludgemenls made in making accounting estirnates were indicative of a potential bias. Duo to lh¥ inherent limi18tions of an audlt, there is an unavDidable rfsk that we may nol have detected some material misslaternenls in the financial statements. even though we have properly planned and performed our audit in accordance with auditing standards. For exampl8, as with any audil, therg ramained a higher risk of non-dalection of irregularities, as these may involve collusion. forgery. intention81 omissions, misrepresentations, Qr the override of internal controls. We are not responsible for preventing fraud or non-compliance wlth laws and regulations and cannot be expected to detect all ff8ud and non-cornpliance with laws and regulatioris. A further description of our responsibilities available on the Finanaal Reporting Council'5 website al= https.'Il wwJ.frc.org.uklaudilorsr&sponsibililies. This description fom15 part of our audilols report.
LEHACHZIKOM INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEHACHZIKOM Other rnJtt• Your attention IB drawn lo the lacl that Ihg charity has prepared financial 5talernelllS in accordance wSlh 'Accounllng and Reporting by Charities.. Siaternenl of Recommonded Praclice applicable lo charilies preparing Ihesr accounts In accordance wrth the Fbnancial Repwting Standard applicabl& In the UK and Republic ol Ireland IFRS 1021" las alnendedl in prelerence lo Ihe AoUntng and Reporting by CharilieB'. Staiement of Recommended Practice 188ue(J on 1 April 2005 which is rel$rred 1¢ in the extant regulations bul has now been wtthdrawn. This has been done in ord•r lor tho flnandgl $tatemenlS to provide a Irug and lair viow In 9¢cordance wSlh currant Generalw Accepted Accounting Pr8¢tice. U•• of our rnport Thls report 16 m8d& solety to the charity's trustee3, as a body, in 8¢cordonce with part 4 of the ChArilies (Aceounts and Roport81 Regulatlons 2008. Our audit WO h88 been undertak•n so that mlght $181e lo the chartl15 trustee8 those m8118rs we are required lo slate lo them in Bn auditor's report and lor no other purpose. To Ihe lulla8t &xlenl permitted by 18w. we do not accept or a58ume responsibllily to anyone olhar than the tharlty 8nd the charlty'¥ trustees 38 a body, for our audit work, lor Ihls f•ptK or for th8 opinions we h8ve formed. Jdn S•llg BA ACA CTA DChA Isenlor Statutory Audltorl lor and on behalf of Loplan GroAs 8•rn•tt & Co 30 October 2024 Chart•r•d Ac¢ount•nt• statutory Audltor 161 Floor, Clolster Hou8& River8ide N•w 8glley Slrlel Manche31•r M3 5FS Lopian Gross Barnett & Co Is 81igib18 foi appointment 85 auditor of the charly by vlrtue of Its ellglblllty for appointmgnt 08 auditor ol o company under gecllon 1212 01 tho Companlas Act 2006.
LEHACHZIKOM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 310ECEMBER 2023 Unrestrlcte(l Unr•$trlcted funds fund• 2023 2022 Notes Incom• from: Donallons and legaaè3 14.054.S12 13,953.583 Total Incom• 14,054,512 13.953.583 Exwndlturn on: Charftable acllviti88 13,408,662 14.954.023 T¢)tal •xp•ndStur• 13,408.662 14,954.023 Net Incomell•xp•ndlturel and mov•m•nt In fund• 845,850 11.CKIO,440} R•conelll•tlon of lundi.. Fund balances al 1 January 2023 6,828 1.007,268 Fund b•lan¢•• •t 31 D•G•mb•r 2023 652.678 6,828 The Statement of flnanclal ocllvities indude8 all gains 8nd Ios868 recognlsed in the year. All income and expenditure derfve from continuing activities.
LEHACHZIKOM BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Cuvrnnt•M•t• O•bton C•6h At bwk ond In hnd 5B1,2SO 13J,4B3 17,028 710,743 17,828 on• yw 11 4.CdSI 111,CQO) N•t ¢urr•nl •s••la 862.878 N•t ••••ts •xdudlnq p•n•lon Il•blllty 852,678 6.628 Tkn• ld• oflM Uni•itiiol•d 852,6n 851,678 6,828 29Qclobtrf 2024 Th• fin•nd•l $i•t•mMtJ ware approv•d by the tru8t••• on.. .. Mr l J F•ldm•n
LEHACHZIKOM STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Note• Cash flo from op•r•tlng •cllvltl•s Cash generat8¢J fromllabsorbed by) oparatlons 14 117,665 11.000,4401 N•t c•¥h u•od In Invostlng ACtlvltlo1 Not Ga¥h ui¥d In flThanclng actlvltl•s Not In¢reasel{decrea80} In c••h •nd cA•h •qulvalents 117.665 11,000,440) Ca8h and cash equlvalenls 01 bgginning of year 17,828 1.018,268 Ca•h and cash •qulval•nt• •t •nd of y•ar 135,493 17,828
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Charlty Infom)adon L8hachzikom is 8 Chatabl• Incorporated Organlsat60n. 1.1 Accountlng conventSon The financial statements have been prep8red ill accordance with the charfty's governing document. the Charitles Act 2011. FRS 102 "The Flnancial Repong Standard applScable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP 'Accounting and Reporting by Chanlies.. Stat8ment of Recommended Prackn"ce applicabl8 to charilieg prap8rfng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. {effecllv& 1 January 20191. The ch8rtty is a Public Benefit Entity a3 dellned by FRS 102. The financial slal8menls have departed Irom the Charitl8s (Accounts and Reports) Regulations 2008 only lo the extent required lo provide a true and lalr vlaw. This departur8 has involved following the Slalemenl of Recommended Practica lor charilles applwng FRS 102 ralher than the version of the Slalemenl of Recomrnended Pradoce which Is referred to in the Regulalons but which has slnce been withdrawn. The financial slalemenls are prepared in sterflng. which is th• functional currency of the charity. Monetary amounts in these financial statements 8re munded lo the nearest £. The financlal s18léménls have bean prèpared under tha hi81oricBI cost convention. The principal accounting polldg8 adopted are Bel out below. 1,2 Oolng conc•rn At the time of approving the financial slalemenls, the Iruslees have a rea50nablè expéctallon that the charlty has adequate resource5 to continue in operational existence for the foreseeable luture. Thus the trustees ontinue lo adopt the going concem basis of accounting in preparing the finbnelal statements. 1.3 Chrlt•bl• fund Unre51rtcled lunds 8rts ava118ble lor use al the di$¢relion of Ihts Iru81888 in furtherance of their charitable oblectlv88 unless the fund8 have been doslgn8ted for other purposes. Reslrlcted fundg are subjecl lo specihc Cond1.0nS by donors or grantors a8 to how they moy be used. The purposes and uses of the resldcted funds are set out in the notes lo the finanoal slalemenls. Endowment fvnds are sublecl lo specific conditions by donor8 that tho eapltal must ba maintsined by the charily. 1.4 Incomlng ruour¢o8 Incorne is recognised when the charity is legally enlSlled to it after any perfomiance conditions have been meL the amounts can be measured reliably, and It is probable that income wlll be received. Cash donations are rècognised on r&ceipt. Other donations are recognised once the charity ha5 been notfied of the donation, unless performance conditions require deferral of the amount. Income tsx recoverable in relation to donations received under Gift Aid or deeds of covenant 15 recognised at the ts.me of th8 donati. Legacies ar6 recognised on receipl or otherwise if the charfty has been notffied of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is trgated a5 a contingent ass¢l. 10-
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng policle8 IContlnu•dl 1.5 Expendlture Expenditure is acc¢Junted for on an occruals bas15 and ha5 been classifled under headings that aggregate all cost related lo the category, Where costs cannot be direcuy attributed to partlcular headings they have been allOted to activities on a basis consistent with the use of resources. Grant maklng pollcy The Irust8es will judge each applic81ion for a grant on its merit. 11 will ass888 whether th8 application fall8 within the remit of the Charty, The tNslaes will aim to meet regu18rly wth the lnlgnli of 8ssessin9 each grant application. 1.8 Ca•h •nd Gash equlvalent8 Cash and cash equlv81ents Include cash In hand, deposll8 held al c811 wllh banks, other short-t&m liquid investments wllh original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown wilhln borrowinos In current liabilities. B•sle flnanclal •ss•ts Baslc finandal assèts, which include debtors and cash and b8nk balance8, are Snlllally measured al Iransactlon prlce Includlng Iransactlon costs and ar8 Subsequently carrled al amortlsed cost using the 8ff8clive Inler8sI method unless the arrangem8nl consUlule5 a financing transacOn, whèr8 the ITan5action Is measured al the present value ol lh8 lulure receipts discounted al a market rate of interest. Financial asset8 da5silied as receivable within one year arg r1 amortised. 8831¢ Iln•n¢l•l Il•bllltl•s Basic financial liabilities, inclu¢Jing creditor¥ and bank loans are inillally recogn18ed at transaction prlce unless the arrangement conslllule8 8 fln8nryng Iransacllon, where the debt Instrument Is measured al the pr8senl value of th8 future payments dlscounled al a markel rate of interest. Financial liabilities classified a5 payable within one year arè not amortised. Debt instruments are subsequently carried al amortlsed cost. uslng the effective interest rale method. Trode creditors are obligations to P8y for goods or seThlces that have been acquired In the ordinary course of operations from 5upplier5. Amounts payable are classified a5 current li8bilitles if payment is due within one year or less. If noi, they are pwsented as non-cufrenl liabilities. Trade creditors 8re recognl$ed inlually al transaction prlce and subsequently measured at arnortised cost using the effecilve interest method. D•re¢ognltlon olllnancl•l Il•bllltl•8 Flnanaal liabilllies are derecognlsed when the charSty's conlroctual obllgallons expire or are discharged or cancelled. Crltl¢al ac¢ountlng e8tlrnat•8 and Judgements In the application of the ch8rity's accounting pollcies, the trustees are required to make judgements, e8llmales and assumptions about Ihg carrying amount of assets and Ilabilllles that are not readily apparent from other 80urce5. The eslimales and associated assump110115 are bas?d on hi51oriGal experien and other faciors that are considered lo be relevant. Actual results vnay differ from these estimates. The 88tlmale8 and underfying assumptlons are review8d on an ongoing basis. Revisions lo accounting estimates 8r8 r8cognised in the period in which the estimate is revised where the revision affects only that period, or in th8 riod of the revision and futu periods where the revision affects botl) current and lulure periods.
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Don•tlon¥ and logacl•s Unr••trfct•d Unrestrlcted funds funds 2023 2022 Donations 8nd gifts Taxation recovered on Glft Aid Donations 13.473.262 13.3S3,583 581.250 600,OOD 14,054,512 13,953,583 Exp•ndltur• on charltabl• •¢llvltl•¥ Charltablfr •ctlvltl•s 2023 Ch•rltabl• Jctlvltl•• 2022 Dlrect cost• Grant funding of activities Isee note 51 13,333,300 14,922,405 Share of ¥upport and gov•man co•t• (••• not• 6) Govem8nce 75,362 31,618 13,408,662 14.954,023 Analysis by fund Unreslricled funds 13,408,662 14,954,023 Grants p•y*bl• Charmablo CharStable Exp•nditure Exp•nditure 2023 2022 Grants to instilLrtions: Mazon Umechi8 sam Ltd 13.333,300 14.907,405 15.000 13,333,3CKJ 14,922.405 12.
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support costs allocat•d to advltl 2023 2022 Govemance costs 75,362 31.618 An8ly¥od bth•en: Chatable activlties 75,362 31.618 2023 2022 Gov•vnanc• co•ts cofftprls•: Audrt fee8 Lagal and prof8ssional fees Bank ch8rge8 Sundry expenses 8,000 59.965 1,197 6.200 8,000 22,270 1,348 75,362 31,618 Tru•t••• None of the trus1g98 lor any persons connectad with them) recelved any remunerailon, beneflts or expenses relmburse(i from Ihe charity durlng the year. Employe•• The average monthly number of employee8 during the year was.. 2023 Nufflb•r 2022 Number Totsl There were no employees whose annual remuneration was mor8 than £60,000. Taxatlon The ch8rfty Is exempt from tax on IncrAne and gains falling wilhln sectlon 505 of the Taxes Act 1988 or sects'on 252 of Ihg Taxation of Chargeable Gains 1992 to the extent Ihal these arg applied lo charitable object$. 10 D•btors 2023 2022 Amounts falllDg duo wlthln on• year: Prepayments and accrued income 581,250 13-
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 11 Credltors: •mounts falllng due wlthln on• year 2023 2022 Trade creditor5 Accnjals and deferred Income 36,465 27.600 11.000 64,065 11.000 12 Unro•trlct•d fundi The unreslrfcted fund$ of the charity comprlse the unexpendgd balance8 Of donallons and grants which are not subject lo specific conditions by donors and grantors as to how they may be used. These indude deslgnoteLI funds whlGh have been set aslde out of unreslricled funds by the Iruslees for sp8aflc purp0898. At 1 J•nu•ry 2023 Incomlng ro¥ourc•• R•sourc•8 •xpond•d At31 Dec•mb•r 2023 General lund8 6,828 14,054,512 113.408.6621 652.678 Pr•¥lou8 y•ar'. At 1 January 2022 Incomlng R•source r•sourG•A •¥p•nded At31 D•cemb•r 2022 General fund8 1.007,268 13,953,583 114,954,023) 6,828 13 R•lated party tr•ns8ctlons There were no di8cIo8able related party transactions during the yg8r12022 - none). 14 Cash g•n•rated from op•r•tlon• 2023 1022 Surpluslldeficill for the year 645.850 11,000,440) Movemgn15 in Working caprtal.. Ilncreasel in debtors Inase In creditors 1581,2501 53,065 Cash gengral•d fromllab8orbod by) operatlons 117,665 (1.000,440) 15 Analysis of changes In not funds The charity had no material debt during the year. 14-