REGlStEREO COMPANY NUMBER.. 13551861 IEnEland and Wal•sl REGISTERED CHARITY NUMBER.. 1195883 ftEPORT OF THE TRUSTEES AND FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 EOGWARE HATZOiA •OlDING5 LTD MGR Pari5 timited Chartered Accountants Russell House 140 High Street Edwware Ltjndon HA8 7LW **DCIWHU2" 27mR024 C(JIPANIES HOUSE A37
EDGWARE HATZOLA HOU)INGS LTD CONTENTS OF ThE FINANCIAL STATEMENTS FOR THE YEAR ÉNDED ai DECEM8ER 2023 Report ofthe Trullees I to 2 Indepermlent Exam1rr'5 Report Statement of Financial Artivbties Balan¢e Sheet 5 to 6 Cash Flow Statement. Notes to the Cash Fltr* Statement Notes to the Flnandal Statements 9 to 12
EDGWARE HATZOLA HOLDINGS LTD REPORT OF TtriE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2(M)6. present thèir report with the financial Staments of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accountin8 and Reporting by Charities.. Statement ol Recommended Practice applicable to charities preparing their accovnts in accordance with the Financial Reporting Startdard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191. oBJEIVES AND ACnVITIES Objectives and aims Edgware Hatsola Holdin8s knmited's primary objertive 15 to provide premi5e5 for its sisier charity, Hatsola IEdgwarel. Hatzo13 is a patient fotused 0<8anisation pro¥iding Acadent & Emergenty SeThices and Patient Transport SeTh¢ces within Edgware and the surrounding areas. Hatzola is staffed by emer8ency care sponderS l ambulance driver5 and trained dispatch operators all of whom are volunteer5 and give ol their time free of char8e. The seNce 15 provided 24 hours a day 365 days a year. The organisation has adapted the ser¥ice it provides to ensure it best meets the needs of the patients within the community it serves. Patients range from the critically ill and injured. to those with minor healthca needs who can be assessed and Ireated èi home in the community or prowdeé with 5elf<are athiiee. Publlc benefft The Trustees have paid due regard to the Charity Commission's euidance on pyblic benefit in deciding what activities the Charity Should undertzke. Volunteers The Members and Operators work on a volunteer basis. Thus the operational costs of the Oan158t10n are kept ro minimum. ACHIEVEMENT ANO PERFORMANCE Objecti¥e5 for iht year and plans fof the future The primary objettive this year has been to acquire a property with a wew to it's development irnto an operational hub for the sister tharity. Hatsola Edgware Limited. to ensu that Hattola Ed8ware can continue to provide its excellent service to the ever increasin8 number of emer8ency calls. The property has been acquired by means of a successful fundrai5iTrg campaign. FINANCIAL REVIEW Reserves policv The Charity has a policy to rnzintain unrestricted funds. which are the free reserve5 of the Charity. at a level which provides su1Clent funds to cover management and administration Costs in the medium term. and to continue to expand oyr activities. STRUCTURE. GOVEItNANCE AND MANAGEMENT Governin8 document The tharity is controlled by its 8oveming éocumen¢ a deed of trusl and constitutes a limited company. limited bv guarantee, as defined by the Companies Art 2C¥J6. Page I
EDGWARE HATZOiA HOLDINGS LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DÉCEM8ER 2023 The charity is Controlled by its governin8 document. a deed of tws¢ and constitutès a h"mited company. limitèd by guarantee. as defined by the CompaniesAci 21. Hatzola Holdings Ed8ware was set up as a COran¥ Limited by Guarantee 08 August 2021. Hatzola Holdings Edgware is a Charity registered the Charity Cthmmission under regIstratn nurnber 1195883. The Trustee5 entompass individuals with diverse backgrounds and experience. There is no minimum or rnzxirnum time that an individual May be a Trustee. New trustees are 8Nen the opportunity to peruse the formal Accounts for the years prior to their appointment. as well as havirtg access io informatbon Conrning Hatzola's current financial 5iluation. Trustees aim to meet foimally at least onte a month and are also in¥ol¥ed in the day-to-day management. Risk management The Trustees have Considered the major risks to whith the O)arity is eoSed and have wiewed those risks and established system5 and protedures to manaee those risks_ REFERENCE AND ADMINISTRATIVE OAll$ Registered Comparty number 13S51861 (England and Wales) Registtred Charfty number 1195883 Registered office 16 Broadlields Avenue Edgwarè Middlesex HA8 8PG Trustees TGr055kopf D Rabson E Hamblin8 Company Secretsry E Hambling Independeni Examlner Lee Paris MGR Pails Limited Chèrtered Accountants Russell House 140 High Street Edgware London HA8 7LW Approve(I 25 /oi.loo21 er of the board of trustees on....... .......... and signed on its behalf by= E Harnbling-Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TOTHE TRVStEES OF EDGWARE HATZOLA HOLDINGS LTD Indeptndtni examiner's report to the trustees of Edgware Hatrola Holdings Ltd I'the Company'l I report to the charity trustees on my e¥ambnarion of the accoynts of the Company foi the year. ended 31 December 2023. ReSpOnbIllI1es and basis of repon As the charity's trustees of the Corrpany land also its directors for the purposes of company lawl you are re5ponsibl* for the preparation of the accounts in accordance with the fequirements of the Companie5 Act I'the 2006 Act'l. Having satlsfied myself that the actounts of the Company a not required to be audited under Part 16 of the 2006 Act and are eliBible lor independent examination, l port in respect of my examination of your chariWs attounts as arried out under Section 145 of the Charilies Act 2011 1.the 2011 Act'l. In carrying out my examination I have followed the Direttions 8i¥en by the Charity Ct)mmIssi under Section 145151 Ibl of the 2011 Act. Indepehdent examlner's smemenl I have completèd my examination. l eortfimi that no matters have come to my attention in connettion with the exarnination 8ivinB me cause to believe". accountin8 records were not kept in respert of the Cofflpany a5 required by Section 386 of the Act- or the accounts do not accord with those record5." or the accounts do not comply th the accounting requirements of 5ethon 396 of the 2fyJ6 Art orher than anv requirement that the accounts gtve a true and fair view whith is not a matter considered as part of an independent examination- or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportin8 by charities lapplicable to charities preparing their accounts in actordanee with the Finantial Reportin8 Standard applicable in the UK and Republi¢ of Ireland IFRS 10211. I have no concerns and have should be drawn in po me in ord cross no other matters in connection with the exarnination to which attention r to enable a proper understanéing ol the accounts to be reached. ee Is Limited Chartered Accountants Russell House 140 High Street Eégware London HA8 7LW Pa8e 3
EDGWARE HATZOLA HOLDINGS LTD STATEMENT OF FINANCIALACTivrn£s FOR TNE YEAR ENOED 31 DECEMBER 2023 Period 6A.21 Year Ended 31.12.23 Unrestrirted fvnd 31.12.22 Total lund5 INCOME AND ENDOWMENTS FROM Donations and legacies i(o.000 876.206 EXPENDITURE ON Other 7.727 NET INCOME ICQ,OLKJ 868,479 RECONCILIATION OF FUNDS Total funds bfought forward 868.479 TOTAL FUNDS CARRIED FORWARO 968.479 868.479 The not forn) part of these finamal statements Paee 4
EDGWAftE HATZOiA HOLDINGS LTD MiANCE SHEEr 31 DECEMBER 1023 31.12.23 Unre5tricled lund 31.12.22 Total lunds FIXED ASSET5 Tan8ible assets 863.479 863.479 CURRENT ASSETS Cash at bank lo5.0) N£T CURRENT ASSErs 10S.OC¥) 5.0 TOTALASSETS IESS CURRENT LIA8IUTIES 968.479 868.479 NET ASSETS 968.479 868.479 FVNDS Unrestricted funds 968.479 868.479 TOTAL FUN05 968,479 868.479 The charitable Company is entttled to exemption frorn audit under Section 477 of the Companie5 Act 2L*J6 for the year enéed 31 Decerrber 2023. The members have not required the company to obtain an audit of its finantial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Art 2006. The trustees acknowledge their responybilities for ensuring that the charitable company keeps accounting records thai comply with Sectws 386 and 387 of the Companie5 Act 2C¥J6 ané preparing hnancial 5tatement5 whith give a true and fair view of the state of affairs OF the charitable companv as at the end ol each financial year and tsf its surplus or defictt for eath financial year in accordance with the requirements of Sections 394 and 395 and whith othevwise tomply with the requirements of the Companies Art 2C4)6 latin8 to financial statements. so far a5 applicable to the charitable company. Ibl The note5 fomi part of these financial staiementS Pagt 5 continued...
EDGWARE HAIZOLA HOLDINGS LTD BAiANCE SHEET- continued 31 DECEMBER 2023 These financial statemenis have been prepared in accordance with the pro¥isity)s applicable to charitable companies subject to the small companies re8ime. The firnantial statements were approved by the Board of Tnt5tees and auth0ri5ed for issue ..Q5./.05..1.202.4........... and We518ned on itsbehalfby.. on E Namblin8- Trustee D Rabson- Trustee The notes form part of these finanual statements Page 6
EDGWARE HATZOLA HOLDINGS LTD CASH FLOW STATEMENT FOR THE YEAR ENDED.31 DECEMBER 2023 Peflod 6.8.21 to 31.12.22 Year Ended 31.12.23 Notes Cash Ilows from Operat1 actk¥iiies Cash generated from operations i).( 868.479 Net cash provided by opernting acbvities 868.479 Cash flows from Investi attivities Purchase of tangible red assets 1863.4791 Net cash provided byllu5ed inl investing activities 1863,4791 Chanie In cash and cash equivalents in the fepgrting peri¢>d Cash and cash eqUivalts ai the begknnl of the reporting period I.c¥]0 Cash ?nd ea5h equidleNts atth end of the reportint period 105.C¥XI The notes form part of these ffinantial statements Pa8e 7
EDGWARE HAIZOiA HOLDINGS LTO NOTES TO TrIE CASH FLOW STATEMENT FOR TriE YEAR ENDED 31 DECEMBER2023 REC014CILIATION OF NET INCOME TO NETCASH FLOW FROM OPEIi4TING ACTIVITIES Period &8.21 to 3L12.22 Year Ended 31.12.23 Net intome for the reportlng pedod (as per the Ststementof Financial Acliviti*sl Adjvstmefits for: I.0[) 868,479 Net cash wovrded by operatlons I.0[ 868.479 ANALYSIS OF CHANGES IN FUNDS At 1.1.23 Cash fl¢>w At 31.12.23 Net cash Cash at bank I.0 105.C I.0[ 105.C Total Ico.otL) 105.(£ The noies form part ofthese financial statements Pa8e 8
EDGWARE HAIZOiA HOiDINGS LTD NOTES TO THÈ FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POUOES Basls of preparing the finanrlal statements The financial statements are presented in sterling which 15 the functional currency of the company and rounded to ihe nearest£. In¢ome All income is recognised In the Statement of Finantial Attivities onte the tharity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Expenditure abilities are recognised ès expenditure a5 soon as there is a legal or con5truthve obligation commitling the charity to that expenditure. it is probable that a transfer of ettjnomic benefits will be reguired in settlement and the amount of the obligation can be measured reliably. Expenditure is atcounted for on an accruals basis and has been classified unijer headings that a8gre8ate all cost related to the cate80ry. Where costs cannot be directly attributed to particular headings th ha¥e been allocated to attivilies on a basis consistent with the Use ol rèsourees. Tangible fijred assets No depreciation has been charged during the period since the property wa5 only recentty acquired and is yet to be developed. Twtion The ch3rity is exempt from corporation tax on its charitable actmties. Fund actouniin¥ Unre5trirted funds ean be used in accordancewith the charitable objeuives at ihe discretion of the trustees. Restritted funds can only be used for panicular restricted purposes within the objects of the charity. Restrictions arise when specified by the donoc or when funds are raised lor panicular restricted purposes. Further explanation of the nature and purpose of exh fund is induded in the notes to the finantial statements. Debtors and ¢r¢df(ors fetei¥ablelpayable within one y Debtor5 and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arisin8 from impairment are ietognised in the Statement ol Financial Activities in other resources expended. Cash and Cash equilents Cash and cash equivalent intlude cash irt hand. deposits held at call with banks, other short term liquid inve5trnents with ori£inal maturities of three months or less. Pa8e 9 continued...
EDGWARE HATZOiA HOLDINGS ITO NOTES TO THÈ FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2023 DONATIONS AND LEQ4CIE5 . Period 6.8.21 Year Ended 31.1223 31.12.22 Donations Ic(1.0 876.206 TRUSTEES. REMUNERATIONAND BENEFrrs There were no tmstees. remuneration or other benefits for the year ended 31 December 2023 nor for the period ended 31 December 2022. Trustee5' expense5 There were no trustees. expen5e5 paid for the year ended 31 December 2023 nor for the period ended 31 December 2022. COMPARATIVES FOR THE STATEMEMT OF FINANCIALACTivmÉs Unrestrirted fund INCOMÉ AND ENOOWMENTS FROM Donations and legacies 876.206 EXPENOITURE ON Other 7.727 INCOME 868.479 TOTAL FUNDS CARRIED FORWARD 868.479 TANGIBLE FIXED ASSEIS Freèhold property COST At I january 2023 and 31 December 2023 863.479 NET 8OOKVALUE At 31 December 2023 863,479 At 31 December 2022 863,479 Page 10 contsnued...
EDGWARE HATZOLA HOLDINGS LTD NOTES TO THÈ FINANCIAL STATEMENTS- continued FOII THE YEAR ENDED 31 DECEMBER 2023 MOVEMENT IN FUN Net movement in fvnds At 31.12.23 At 1.1.23 UnrÈstritted funds . General fund 868.479 100,cth) ' 968,479 TOTAL FUN05 868.479 ILK).O 968.479 Net movement in funds. included in the above are as foll Incomine Resources expended Movement in funds Unrestrirted funds General fund I(.[0 ithJ.000 TOTAL FUNDS IrKJ.coo Ic¥J,000 Comparatives for mo¥emeM in funds Net rnovemeni in fvnds At 31.12.22 Unrestrlrted fvnds General fund 868,479 868,479 TOTAL FUNOS 868,479 868,479 Comparative nei movement in funds. intluded in the above are as follows.. IrKomlne res0r{e$ Resources expended Movement In funds Unrestricted fvnds General fund 876.206 17.7271 868.479 TOTAL FUNDS 876.206 17.7271 868.479 Page 11 ontinued...
EDGWARE HA1201A HOLOINGS LTD NOTES TO THE FINANCIAL STATEMENTS- tontimied FOR THE YL4R ENDED 310ECEMBER 2023 RELATED PARTY OISCLOSURES There were no related party transactions for the year ended 311)ecember 2023. ULTIMATE CONTROLLING PARTY The charity is under the control of it's trusteeswho are also the company's directQfS. Page 12