Charity reglstration numbèr 1176141 Company registration number CE012577 (England and Wales) LEHACHZIKOM ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
LEHACHZIKOM LEGAL AND ADMINISTRATIVE INFORMATION Trustses Mr J Adlèr Mr J Gross Mr l J Feldman MrAM WEel Charity number 1176141 Principal address 4 Rav Pinter Close London N165BF Auditor Lopian Gross Bamett & Co 1st Floor, Cloister Housè Riveiside New Bailey Street Manchester M3 5FS
LEHACHZIKOM CONTENTS Page Trustees. report Statement of Trustees, responsibilities Independent audilorfs report Statement of financi81 activities Balance sheet Statement of cash flows Notes to the financial statements 10-14
LEHACHZIKOM TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial slalements lor the year ended 31 December 2024. ThÈ financial statèmènts have been prepared in accortjance witti the aOUntIng polia8s sel oul in note 1 to the financial stalernenls 8nd comply wrth the chaiity's governing document, the chatieS Act 2011 and "Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Iieland IFRS 7021" leffective 1 January 20191. Objèctivès and activities The charity's objects are the advancement of thè orthodox Jewish faith, the relief of povety and thè relief ol sickness , poor health and old age, in particular but not limited to people living In Israel. The trustees do not anticipate any changes to these actiwlies in thè fLrtur8. The Iruslee5 have paid due regard to guidance issued by the Charity Gomrni5sion in deciding what activities the charity should undertake. Achievements and perfomiance During the year the Charity ¢onlinued its philanthropic activitiès in support ol provisions of basic necessities lor the poor and relief of srckness and disabilities. The charity received £12,986,49712023.' £14.054.5121 in donaticins and gift aid during the year. £8.596 12023". £01 in olhei ineotne and £13,555:747 12023.. £13,408.6621 was paid out by way of grants and support Costs. All grants were made in line with the stated objects of the charity Financial review It Is the policy ol the charity that unrestricted funds which have not been designated for a specrfiG Use should be maintained at £15,000. The trustees consider that reserve5 al this level will ensure that the charity can oontinuÈ its charitable activrtiès. This level of reserves has been maintained throughout the year. As al 31 DeceThber 2024 the Charity has total free reserves 01 £92,02412023". £652,678). The trustees are satisfied with the resutts for the year. The trustees have assessed the major risks to which the charity is exposed. and are satisfied that systems are in place lo miligale exposure to the rnajoi risks. Structuro, governance and management The charity 15 controlled by its goveming docLtment, a conslttution (Foundation Model) document dated 2nd October 2017, and constilutes a Charitable In¢oTporaled Organisation ICIOI. The day to day affairs of the Charity are administered by the Board of Trustees. It is not currently Ihe intention of the Trustees of the Charity to appoint new trustees. Should the situation thange in the future, the Tmstees will apply suitable recruilmenl and training proGedures. None of the Trustees have any beneficial interest in the Charity. The trusteès who servèd during the year and up to the dale ol signature of the finantsal statements were.. Mr J Adler Mr J Gross Mr l J Feldman Mr A M Vizel In accordance with the company's articles, a resolution proposing that Lopian Gross Barnett & Co be reappointed as auditor of the company will be put al a General Meeting.
LEHACHZIKOM TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Disclosure of infomiation to auditor Each of the tiuslee5 has confirmed that there is no information of which thèy are awarè which is relevant lo the audit, but of which the auditor 15 unaware. They have further confirtned that they have taken appropriate steps to identify such relevant information and lo establish th3t the auditor is awate of such infom)ation. The Trustees, report was approved by the Board of Trustees. fJc4Jl Mr l J Feldman Trustee Date.. 0311012025
LEHACHZIKOM STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees are responsible for preparing the Trustees. Report and the financial statements in accordancè with applicable law and United Kj'ngdom Accounting Standards (Uniled Kingdom Generally Accepted Acwunling Practice). The law applicable lo ch8ri1iÈs in England and W816s rèquires the trustees to prepare financial statements for each financial year which give a Irve and fair view of the state of affairs ol the charity and of the incorning resources and application ol resourTrs of the charity lor that year. In preparing these financial statements, the trustees are required to". selèct suitable acctsunling policies and then apply them consislenlty". obsèNè the methods and principles in the Charities SORP.. rnake judgements and estimates that are reasonable and prudent., slate whether applicable acwunting standards have been followed, subject to any matèrial departu$ disclosed and explained In the financial statements", and prepare the financial slalements on the going nC&M basis unless it is inappropriate lo piesume that the charity will continue in operation. The Iruslees are responsible for kèèping SLJfficiènt accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial slalemen15 comply with the Charities Act 2011, the Charity IAccounts and Reports) Regulations 2008 and the provisions of the trust deed. They 8re also responsible for safeguarding Ihe assets of the chanty and hènce for taking reasonable steps for the prèvèntion and detection of fraud and other irregularities.
LEHACHZIKOM INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF LEHACHZIKOM Opinion We havè auditèd the financial statements of LehaGhzikotn (the 'ch2rity'l for the year ended 31 Decernber 2024 whiGh comprise the 51alernent of financial activities, thè balancè sheet, the statement of cash flows and notes lo the financial statements. including significant accounting policies. The financial reporting frarnework that ha5 been applied in their preparation 15 8pplicable law and United Kingdom Acctsunting Standards, Induding Financial Reporting SlandaTd 102 The Financial Reporting Standard applicabl6 in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted Awgunting Practicè). In our opinion, the financial statements.. give è true and fair view ol Ihe stale of the charity's affairs as al 31 DeGember 2024 and of Ils incoming ie50ur¢es and application of resources. for thè year then ended., have been propedy prepared in aw)rdance with United Kingdom Gènerally Accepted Atcounting Practice., and have been prepared in aeeordance with the Charities Act 2011. Basis for opinion Wé condLJCted our audit in accordance with Intemational Standards on Audilins IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further described in the Auditorfs o>sponsibilAli6s lor the audit ol the financial sla19nP8nts section of our report. We ale independent tsf the charity in accordance with the ethical requirernen15 that are relevanl to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical iesponsibililies in accoidanee with these requiiements. We believe that the audit evidence we have obtained is sufficient and approprialè to provide a basis for our opinion. Conclusiong relat4ng to going concern In audiling the financial statements, we have concluded that the Trustees, use of the going wncern basis of accounting in the preparation of the financial statements is appropriatè. Basèd on the work we have perforrned, we have not identified any material uncertainties relating lo events or eonditions that, individually or collecllvely, May cast significant doubl on the charity's ability to continve as a going ¢oneèm for a period of at least trdelve months from when the financial stalernenls are aulhorised for issue. Our iesponsibilities arid the responsibilities of the Iruslees with respect lo going Concern are described in the relevant sections ol this report. Other Inforniation The other information comprises Ihe inforrnalion induded in the annual report othèr than the financial statements and our auditor's rèport thereon. The trustees 8re responsible lor the other information contained wrthin the annual report. Our opinion on the financial slalemenls does not covei the other information and we do not express any form ol assurance conGIu510n thereon. Our responsibility is to read the other information and, in doin9 so, consider whether the other information is rnaterially inconsistent with the financial statements or our knowledge obtained in the course of the audit. or otherwise appears to be materially misstated 11 we Identify such material Inconsistenc4es or app8nt material rnisstatemenls, we are required lo determine whether this gives rise to a material misslatemenl in the financial statements thèmselves. If, based on the wotk we have performed. we conclude that there Is a material missiatement ol this other Information, we are required to report that faa. We have nothing to report in this iègard. Matters on which we are reguirèd to rèport by exceptlon We have nothing lo report in respect of the following matters in relation lo which the Charititss IAccounls and Reports) Regulations 2008 requires us to report to you il. in our opinion. the information given in the financial stalements is inconsistent in any material respect with the Trustees, report., or sufficient accounting records have not been kept." or the financial statemen15 are nol in agreemenl with the ac£ounting rècords", or we have not received all the information and explanations we require for our audit.
LEHACHZIKOM INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEHACHZIKOM RosponsibilitTrès of trnstèes As explained more fully in the 51aternenl of Tiuslees, responsibilitie5. thè trustèes are responsible for the preparation ol the financial statements and for being satisfied that they give 8 true and fair view, and lor such intemal control as the trustees detemiine is necessary to enable the preparation ol financial statements that are free ftom matèrial 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 Conrn. disdosing, a5 applicable, matters ielaled lo going GgnrKrn and using the going ctsncem basis of accounting unless Ihe trustees èither intend to cease oper8tions. or have no realistic alternative but to do so. Auditorfs responsibilities for thè audit of thè financlal Statemènts We have been appointed as audiloi under section 144 01 the Charities Act 2011 and report in accordancé with the Act and relevant regulation5 made 01 having effect thereL4nder. Our objectives are to obtain reasonable assurance about whether the finanGial statements as a whole are free Irorn material misstatement, whether due to fraud or error, and lo issue an auditorfs report that includes our opinion. Rèasonable aSSLJrancÈ is a hlgh lèvel of assurance bui Is not a guarantee lttat an audit conducted in accordance with ISA5 IUK) will aayS detect a material misslatemenl when it exists. Misslalements can anse from fraud or error and are considered material if, irTrdividually or in the aggregatÈ, they Uld reasonably be expectéd to inftuence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are Instan$ of non-¢ompliancé wrth laws and régulations. We design procedures in line wilh Dur responsibilrties, lo delect malerial misslalernents in respect of irregularities. including fraud. The extent to which Dur procedures are capable ol detecting irregularilie5. including fraud, is detailed below-. We obtained an undeislanding of laws and regulations Ihal affect the entity. focusing on those that had a direct effect on the fin8nei81 statements or that had a fundamental effect on its operations. Where considered necessary we enquiréd ol those charged with govemance, reviewed correspondence and revie%ved meeting minutes for evidenoe of non-compliance with relevant laws and regulations. We gained an understanding of the controls environment which includes the controls in place to prevent and detect fraud We enquired of those charged with governance about any inciden$ of fraud that had taken place during the aCUting period. The risk of fraud and non-compliance with laws and règulations was diseussed within the audit team and tests were planned and perforrned to address these risks. We reviewed financial statements discjosures to assess c(Fmpliance with rèlevant18ws and regulations. We enquired of those charged with governance about actual and polenllal liligalion and claims.. We performed analytical procèdurès lo idèntrfy any unusual or unexpected relationships that might Indicate risks of material mi55tatetnerrt due to fraud. In addressing the nsk of fraud due to management override of intemal contrcA5 we tested the 8ppropriglene55 01 journal entries and assessed whether Ihe judgements rnade in making accovnling estimates weFe indicativè of a potential bia5. Due lo the inherent litnilatlOn5 of an audit, the is an unavoidable risk that we May not have detecled some material misstatements in the financial statements, even though we have properfy planned and performed our audit in accordance With auditing standards. For example. as with any audit. there remained a highei risk of non4eteetion of irrègularities, as these may involve collusion, forgery. intentional omi5510ns. misrepresentations. or the override ol internal controls. We are not responsible for preventing fiaud or non-cgrnpliance with laws and regulations and cannot be expected to dele¢t all fraud and non-¢ornpliance with laws and regulations. A further desciiplion of our iesponsibilities is available on the Financial Reporting Council's website at-. https 11 www.fic.oig.uklaudittsrsresponsibilities. This description foms part of our auditor's report.
LEHACHZIKOM INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF LEHACHZIKOM Other matters Your attention 15 drawn to the faol that the charity has prepared financial slalements in accordance with "Accounting and Reporting by Charities.. Statement ol Recotntnended Practice appli¢ablè to eharities preparing their aceounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended} in preference to the Accounting and Reporting by Charities.. Statement of ReGommended PraclicÈ iSSLJed on 1 April 2005 which is referred lo in the Èxtant regulations but has now been withdrawn This has been done in order for the finanaal ststernenls to piovide a true and fair view in accordance wth ¢LJrrent Generally Attepled A¢¢ounling Practice. Use of our report Thi5 report is made 501ely lo the Charity's trustees, as a body. In accordance with Part 4 of the Charities IAccounls and Reports) Regulations 2008. Our audit work has been undertaken go that wè might state to the ¢harity"s trustees those matters we are required lo stale to them in an auditor's report and lor no other purpose. To the fullest extent pemitteo by law, we do not accept 91 055vrne responsibility lo anyone other than the charity and the charity's trustees a5 a b(>dy. for our audtl work, for this feport. or foT the opinions we have fomed. Nathaniel Davidson BAIHonsl ACA Isenior Ststutory Auditor) for and on bohalf of Lopian Gross Bamett & Co 0311012025 Chartered Accountants ststutory Auditor 151 Floor. Cloister House Riverside New Bailey Street Manchester M3 5FS Lopian Gross Barnett & Co is eligible for appointment as auditor of the charity by virtue of ils ellgibilily for appointment as auditor ol a company under section 1212 of the Gompanies Aet 2006.
LEHACHZIKOM STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FQR THE YEAR ENDED 31 DECEMBER 2024 UrtrÈstrict•d funds 2024 Unrestricted funds 1023 Nots$ Income and endowments ITOM". Donations and lègacies Other income 12,986,497 8,596 14,054,512 Total In¢om¢ 12.995,093 14,054.512 Expenditure on: Charitablè actiwties 13,555,747 13,408,662 Totsl expenditure 13.555.747 13,408.682 Net incomellexpenditurel and movement in fvnd$ 1560,8541 645.850 Reconciliation of funds.. Fvnd balances 811 January 2024 652.678 6,828 Fund balances at 31 December 2024 92.024 652,678 The statèment of financial activities includes all gains and losses recognised in the year. All income and expenditLJre derive from continuing aclivilie5.
LEHACHZIKOM BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Currènt assets Dpblors Cash at bank and in hand 11 581.250 135.493 111,224 111.224 716,743 Creditors: amounts falling due withln one year 12 119,2001 164.065} Net ¢urrenl assets 92,024 652.878 Net a55ets excluding pènsion liability 92,024 652.678 The funds of the charity Unresliicted funds 92.024 652,676 92,024 652.678 The financial stalernen15 were approved by the trustees on 0311012025 Mr l J Feldman Trustee
LEHACHZIKOM STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Not•s Cash flows from operating activities Cash labsorbed byllgeneraled from operations 15 124,2691 117,665 Net cash used In invest5ng activities Net ¢ash u$od in finaneing activlties Net Idfrcreasellincrease in cash and cash èquivalents 124,2691 117,665 Cash and cash equivalents at beginning ol year 135,493 17,828 Cash and cash equivalents at end of year 111,224 135,493
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting polScles Charity informatlon Lehachzikom is a Charitable Incorporalgd Organisation. 1.1 Aetounting convention The financial statements have been prépared in accordance with the charity's govèming document, the Charities Ad 2011, FRS 102 'The Financial Reporting Standard applicable in the UK and RepDblic of IrelarTrd I"FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Stalerrenl of Recommended Praclice appIlble to tharilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Rèpublic of Ireland IFRS 1021 (effèctive 1 January 20191. The charity is a Public Benefit Entity a5 delinèd by FRS 102. The finanual statements have departed from the Charities IAccounts and Reports) Regulations 2008 orily lo the extent reqLJired lo provide a true and fair vièw. This departure has involved following the Statement of Recommended Practice lor charitiès applying FRS 102 rather than the version of the Statemènt of Recommended Practice which is referred to in the Regulations bul whieh has since been withdrawn. Thè financial statements a prepared in sterling. which is the functional currency of the charity. Monetary 3mounts In these financial staternents are rounded to the nearest £. The financial staternents have been prepared under the historical cost convention. The principal a¢¢ounting poIicAes adopted are sel out belgw. 1.2 Goln9 concern Al the time of approwng the financial statements. Ihe Iiuslees havè a ieasonable expectation that the charity has adequate resources lo conliriue in operational exislencÈ for tFTrè foreseeable future. Thus the trustees continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unre511icled funds are available for use al the discretion ol the trustees in furtherance of their charitable objectives unless the funds have been designatéd for othèr purposes. Restricted funds are subject lo specific eonditions by donor5 or grantors as lo how they may be used. The purposes and uses of the reslricled funds arè set out in the notes to the financial statemènts. Endowment fund5 are subject lo specific conditions by donors that the capital tnust be maintained by the hartty. 1 A In¢omlfig resourG&s Income is recognised when the charity is legally enlill8d to It aftèr any performance conditions have been mat, the amounts can be rneasured reliably, and it is probable that income will be leIved. Cash donations ale recognised on receipt. Other donations are reeognised onTr the Charity has béèn notified of the donatitsn. unlèss performance conditions require deferral ol the amount. Incorne tax recoverable in relation to donations received under Gift Aid 01 deeds of Covenant is recognised at the time of the donalion. Lègacies are recognised on receipt or othèrwise il the charity has been notified of an impending distribufion. the amount is known. and receipt 15 expected. If the amount is not known. the legacy is treated as a ontingent asset. 10-
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting politie¥ (Continued) 1.5 Expenditure Expenditure 15 accounted for on an accruals basis and ha5 been classified under headings that aggiegale all rst related to the category. Where costs cannot be directly attributed lo particular headings they have bÈen allocated to activities on a basis consistènt with the use of resourS_ Grant maklng poli¢y The trustees wi11 judge eaGh application for a grant on its merit. It will asses5 whether the application falls within the remit of the Charity. The tnjstees will aim to meet iegularfy with the intention of assèssing each grant application. 1.6 Cash and cayh eq4Jivalents Cash @nd &h 8qulvants include cash in hand, dep051ts held at call with banks, other short-term liquid inveslmenls Wlth original matuiities ol three months or less. and bank overdrafts. Bank overdrafts are shown within borrowing5 in curient liabilities. Basic financial assèts Basic financial a5set5. which in¢lude debtors and cash and bank balans, are initially measufed al transaction price including transaction cos15 and are subsequently carried at amortised cost using the effectivè interest method unless Ihe arrangement constitutes a financing transaclion, where the transaction 15 measured at the Present value of the future receipt5 discounted at a market late of intèrest. Financial asset5 classified as receivable within one year are not Amortised. Basic financial liabilities Basi¢ financial liabililies. Including creditor5 and bank loans are Initially iecognised at transaction price unless the ariangemenl constitutes a financin9 Iiansaction, where the debt instrument is measured at the present value ol the future payments discounted xt a market late of Interest. Financial liabilitie5 dasslfied as payable wlthin one year are not amortisèd. Debt Inslrum8nts are subsequenlly carried al amortised cost. using the effective interest rate rnethod. Trade ciedilors are tsbligatirlns to pay for goods or services that have beèn acquired in the ordinary course of operations from suppliers. Amounls payable are classified a5 current liabilities if payment is due within one year or les5. 11 not. they are presented as non-currenl liabilities. Trade creditors are reeognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. D¢COgnI11On of fiftan¢ial liabilitie¥ Financial liabilities are derecogni5ed when the charity's contr8etual obligation5 èxpire or are dlscharged or cancelled. Crltical accounting e¥timates and judgements In the application of the charity s accounting policies, the truslees are required to make judgements, estimates and assumplions about the carying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumption5 are based on historical experience and other factors that are cgnsidered to be relevant. Actual results may differ from these estimates. The eslirnates and underlying as5umptitsns are reviewed on an ongoing basis. Revisions lo accounling estimates are reeognised in the period In which the estimate Is revised where the revision atteds only that period. or in the period of the revision and future peri(Jds where the revision affects both current and futu periods.
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2Q24 Donations and legacies Unrestricted Unrostricted funds fund$ 2024 2023 Donations and gifts Taxatitsn COVered on Gift Aid Donation5 12,986,497 13.473.262 581.250 12.986,497 14.054,512 Other income Unrestricted Unre$triGtgd funds funds 2024 2023 Interest on Grft Aid repayment 8,596 Expenditurè on charitable activities Charftable activitieg 2024 Charitable
ctivlties
2023 Direct Costs Grant funding of activities (see note 61 13.552.800 13,333,300 Share of ¥upport and governance costs l$•e not• 71 Goveman 2.947 75.362 13,555.747 13,408,662 Analysis by fund Unrestricted fund5 13,555,747 13,408,662 Grants payable Charitable Charitsble Expenditure Expenditure 2024 2023 Grants to inslilulions. Mazon Umechia 13,552,800 13,333,300 12
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Support co$ts alloeat•d to aetivities 2024 2023 Govemance costs 2,947 75,362 Analys•d botweon: Charitable activrtie5 2,947 75.362 2024 2023 Governance costs comprise". Audit fees Legal and professional fees Bank charges Sundry expenses 9.000 17.5001 1,147 300 8,000 59,965 1,197 S,200 2.947 75,362 Trustees None of the Iruslees lor any persons conneded wrth thèm) received any remuneration, benefits or expenses reimbursed from the charity during the year. Employe•$ Thè average monthly number of employees dur1ng the year was.. 2024 Number 2023 Numbor Total Therè were no employees whose annual remuneration was rnore than £S0,OOD. 10 Taxation The charity is exernpt from lax on incorne and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the oxtent that these arè applied to ils charitable object5. 11 D•btor5 2024 2023 Amounts falling due within one year: Prepayments and accrued income 581,250 13-
LEHACHZIKOM NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 12 Cr•ditors- amounts falling duo within on• year 2024 2023 Trade creditors Accruals and deferred income 9,000 10.200 36,465 27,600 19,200 64,065 13 UnrestrictDd funds The unrestricted funds of the charity comprise the unexpended balancès ol donalions and grants which are not subject to specific conditions by donors and grantors as lo how they may be used. These include designated fLJnds which have been sel aside out of unreslricled funds by thè trugte8s lor specific purposes. At 1 January 2024 Incomlng resources Resource expended At31 Dècember 2024 General funds 652,678 12,995,093 113.555.7471 92,024 Pr•viou8 year.. At 1 January 2023 Incoming resourcès Re#oure&s èxpèndèd At31 D8c•mber 2023 General fund5 6,828 14.054.512 113.408.6621 652,678 14 Relatsd party tran$a¢tion$ There were no disclosable related party transactions dunng IhÈ ye3r12023_ none). 15 Cash (absorbed byllgenerated from opèrats.ons 2024 2023 IDefirylllsurplus for the year 1560,6541 645,850 Movements in working capital.. De¢rea5ellincrea5el in debtors (Decreasellincrease in creditors 561.250 144,8651 IS81,2501 53,065 Cash (absorbed byllgenerated from operations 124,2691 117,665 16 Analysis of changes in net fvnds The ¢harily had no rnaterial debt during the yèar. 14-