**REGISTERED COMPANY NUMBER: 10849412 (England and Wales) REGISTERED CHARITY NUMBER: 1197823**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
## **FOR**
## **HATZOLA HERTS**
STERN ASSOCIATES Chartered Accountants 2 Helenslea Avenue London NW11 8ND
**HATZOLA HERTS**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
**----- Start of picture text -----**
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 12
Detailed Statement of Financial Activities 13 to 14
**----- End of picture text -----**
**HATZOLA HERTS**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023**
The Trustees, who are also directors of the Charity for the purposes of the Companies Act 2006, present their annual report with the financial statements of the Charity for the year ended 31 July 2023. The Financial Statements have been prepared in accordance with the accounting policies set out in Note 1 of the Accounts and comply with the Statement of Recommended Practice (SORP) Applicable to Charities Preparing their Accounts in accordance with the Financial Report Standard applicable in the UK and Ireland (FRS102) (effective 1 January 2015) and the Companies Act 2006. This report also represents the Directors Report as required by the Companies Act 2006. The Trustees have had regard to the Charity Commission's guidance on public benefit. This report is in accordance with the SORP requirements and exemptions set out for smaller charities.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Hatzola Herts is an emergency medical response service and responder network based in the local community for the local community. It is a fast and free at the point of delivery service and is staffed by trained, equipped and professionally supported volunteers who are funded by charitable donations.
We have over a 100 dedicated volunteers and we work directly alongside the NHS and East of England Ambulance Service 24 hours a day, 7 days a week, 365 days a year. The Charity has now responded to over 400 emergency calls, ranging from minor injuries to life-threatening conditions.
We respond to medical emergencies, provide excellent pre-hospital treatment and transport our patients to A&E in modern fully fitted ambulances.
The company achieved its charitable status in February 2022 and currently operates within the Elstree & Borehamwood area, with future plans to extend further across Hertfordshire.
Hatzola Herts was awarded an overall Good inspection rating by the Care Quality Commission (CQC) in January 2023 recognising that the service is performing well and meeting expectations.
The main objectives during this year were to raise funds to ensure the long-term financial viability of the charity and to build the necessary front line and back-room infrastructure to support ongoing operations and the potential expansion of the service.
During this period and in partnership with a number of Hatzola branches worldwide we sent a fully stocked ambulance on a week's journey across Europe to the Ukraine/Moldova border where it was used on a daily basis to help carry patients in and out of the country.
We have engaged with our youth community to deliver information about health and wellbeing and are delivering first aid training for children ages 10-15 so that they too can save lives.
We continued to develop our volunteer's skills by completing further training to enhance our knowledge and improve our skill set. We have exciting plans to further develop our training & services throughout the year ahead.
As part of our awareness raising, we organised a family fun day to support and thank our volunteers and engage further with our local community. The event was well attended and we received positive feedback and raised additional income.
Page 1
**HATZOLA HERTS**
**REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023**
## **FINANCIAL REVIEW**
## **Financial position**
The majority of the Charity's income in the year came from donations. During the year we organised a major fundraising campaign which enabled us to secure our services moving forward.
This funding has enabled us to pay for our charity insurance, volunteer expenses (vehicle running costs), safety equipment & personal protective equipment, medical equipment & supplies. This has also enabled us to continue to provide training to our volunteers and has allowed us to provide training to people in the community.
The charity made a surplus for the year of £4,504 which was a reduction on the previous year, due in part to the growth and expansion of the service, the purchase of additional emergency vehicles and increased operational costs.
The Trustee Board is yet to set a reserves policy but once put in place, it will define a threshold, or minimum level, of reserves to be held. The charity was deemed to be too new to have set one in the year but it is a matter for future consideration of the Board.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
Hatzola Herts' governing document is the Articles of Association last updated 8 November 2021. Hatzola Herts is a company limited by guarantee and became a registered charity (in England) on 7 February 2022. It is managed via a Board of Trustees who are appointed by existing Trustees.
## **Organisational structure**
Constitutionally, the Trustee Board meets at least four times per year via the Operations Quality Control committee and during the year the Trustees met several more times than that.
After the year end, the Trustees appointed someone to head up the finance function of the charity which has provided and continues to provide improved visibility on the performance and financial needs of the charity.
The charity has established a finance and fundraising committee and an operations and quality committee. Both are chaired by trustees and provide scrutiny, advice and support to the Board.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number**
10849412 (England and Wales)
## **Registered Charity number**
1197823
## **Registered office**
2 Helenslea Avenue London NW11 8ND
## **Trustees**
Ian Grosskopf Aryeh Cohen Yitzchak Grant (resigned 29.11.22) Gregory Kay (appointed 29.11.22)
Page 2
**HATZOLA HERTS**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2023**
**REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** STERN ASSOCIATES Chartered Accountants 2 Helenslea Avenue London NW11 8ND Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. I Grosskopf - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HATZOLA HERTS**
## **Independent examiner's report to the trustees of Hatzola Herts ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2023.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Stern, ACA
STERN ASSOCIATES Chartered Accountants 2 Helenslea Avenue London NW11 8ND
Date: .............................................
Page 4
**HATZOLA HERTS**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023**
|31.7.23
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
345,184
Other trading activities
2
24
Other income
-
**Total**
345,208
**EXPENDITURE ON**
Raising funds
172,575
**Charitable activities**
Direct costs
168,129
**Total**
340,704
**NET INCOME**
4,504
**RECONCILIATION OF FUNDS**
Total funds brought forward
172,626
**TOTAL FUNDS CARRIED FORWARD**
177,130|31.7.22
Total
funds
£
334,948
16
10,862
345,826
122,595
37,110
159,705
186,121
(13,495)
172,626|
|---|---|
The notes form part of these financial statements
Page 5
## **HATZOLA HERTS**
## **BALANCE SHEET 31 JULY 2023**
|31.7.23
Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
6
126,518
**CURRENT ASSETS**
Debtors
7
7,028
Cash at bank
87,235
94,263
**CREDITORS**
Amounts falling due within one year
8
(43,651)
**NET CURRENT ASSETS**
50,612
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
177,130
**NET ASSETS**
177,130
**FUNDS**
9
Unrestricted funds
177,130
**TOTAL FUNDS**
177,130|31.7.22
Total
funds
£
128,562
5,598
47,583
53,181
(9,117)
44,064
172,626
172,626
172,626
172,626|
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
**HATZOLA HERTS**
**BALANCE SHEET - continued 31 JULY 2023**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. I Grosskopf - Trustee
The notes form part of these financial statements
Page 7
**HATZOLA HERTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared on the going concern basis, based on assurances from the trustees that they will continue to provide financial support to the charitable company.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost Motor vehicles - 20% on cost
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
continued...
**HATZOLA HERTS**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **2. OTHER TRADING ACTIVITIES**
|**2.**
**OTHER TRADING ACTIVITIES**||
|---|---|
|Fundraising activities|31.7.23
31.7.22
£
£
24
16|
|**3.**
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Surplus on disposal of fixed assets|31.7.23
31.7.22
£
£
40,244
33,491
-
(10,862)|
**4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2023 nor for the year ended 31 July 2022.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 July 2023 nor for the year ended 31 July 2022.
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Other income|Unrestricted
fund
£
334,948
16
10,862|
|---|---|
|**Total**|345,826|
|**EXPENDITURE ON**
Raising funds
**Charitable activities**
Direct costs|122,595
37,110|
|**Total**|159,705|
|**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward|186,121
(13,495)|
|**TOTAL FUNDS CARRIED FORWARD**|172,626|
Page 9
continued...
**HATZOLA HERTS**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
**----- Start of picture text -----**
6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 August 2022 1,580 6,523 159,350 167,453
Additions - - 38,200 38,200
At 31 July 2023 1,580 6,523 197,550 205,653
DEPRECIATION
At 1 August 2022 316 6,105 32,470 38,891
Charge for year 316 418 39,510 40,244
At 31 July 2023 632 6,523 71,980 79,135
NET BOOK VALUE
At 31 July 2023 948 - 125,570 126,518
At 31 July 2022 1,264 418 126,880 128,562
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Prepayments 7,028 5,598
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£ £
Trade creditors 39,006 4,579
Accruals and deferred income 4,645 4,538
43,651 9,117
9. MOVEMENT IN FUNDS
Net
movement At
At 1.8.22 in funds 31.7.23
£ £ £
Unrestricted funds
General fund 172,626 4,504 177,130
TOTAL FUNDS 172,626 4,504 177,130
**----- End of picture text -----**
Page 10
continued...
**HATZOLA HERTS**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
345,208
**TOTAL FUNDS**
345,208
**Comparatives for movement in funds**
At 1.8.21
£
**Unrestricted funds**
General fund
(13,495)
**TOTAL FUNDS**
(13,495)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
345,826
**TOTAL FUNDS**
345,826
A current year 12 months and prior year 12 months combined position is as
At 1.8.21
£
**Unrestricted funds**
General fund
(13,495)
**TOTAL FUNDS**
(13,495)|Resources
Movement
expended
in funds
£
£
(340,704)
4,504
(340,704)
4,504
Net
movement
At
in funds
31.7.22
£
£
186,121
172,626
186,121
172,626
Resources
Movement
expended
in funds
£
£
(159,705)
186,121
(159,705)
186,121
follows:
Net
movement
At
in funds
31.7.23
£
£
190,625
177,130
190,625
177,130|
|---|---|
Page 11
continued...
**HATZOLA HERTS**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2023**
## **9. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
691,034
691,034|Resources
Movement
expended
in funds
£
£
(500,409)
190,625
(500,409)
190,625|
|---|---|---|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 July 2023.
Page 12
**HATZOLA HERTS**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Other trading activities**
Fundraising activities
**Other income**
Gain on sale of tangible fixed assets
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Equipment & medical goods
Equipment hire
**Support costs**
**Management**
Advertising & marketing
**Finance**
Fundraising costs
Bank charges
**Human resources**
Shabbat drivers
Training costs
**Other**
Site costs
Insurance
Telephone
Repairs & maintenance
Travel & subsistence
General costs
Carried forward|31.7.23
£
302,684
42,500
345,184
24
-
345,208
32,290
13,953
46,243
1,488
12,970
290
13,260
13,500
108,386
121,886
1,015
13,011
20,467
1,515
18,749
10,614
65,371|31.7.22
£
308,948
26,000
334,948
16
10,862
345,826
8,282
9,033
17,315
4,273
4,112
141
4,253
9,600
10,195
19,795
330
14,074
18,502
1,708
9,461
4,429
48,504|
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
## **HATZOLA HERTS**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2023**
|**Other**
Brought forward
Accountancy & bookkeeping
Subscriptions
Cleaning
Website costs
Legal & professional
Consulting
Printing, postage & stationery
Depreciation - plant and machinery
Depreciation - Fixtures and fittings
Depreciation - Motor vehicles
Total resources expended
**Net income**|31.7.23
£
65,371
2,504
9,724
3,103
672
9,260
26,129
820
316
418
39,510
157,827
340,704
4,504|31.7.22
£
48,504
1,475
14,243
360
1,027
5,026
9,343
600
316
1,305
31,870
114,069
159,705
186,121|
|---|---|---|
This page does not form part of the statutory financial statements
Page 14