REGISTERED COMPANY NUMBER: 10849412 (England and Walès) REGISTERED CHARITY NUMBER.. 1197823 REPORT OF THE TRUSTEES AND UNAUDITEO FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR HATZOLA HERTS STERN ASSOCIATES Chartered Accountants 2 Helen51ea Avenue London NW118ND
HATZOLA HERTS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Page Report of the Trust88S Indendent Examinerfs Report Ststem•nt of Flnancial Actlvities Balanco Sheet Notss to th• Financial Statements 8 to 12 Dotallod Statemont of Flnanclal Activltle8 13 10 14
HATZOLA HERTS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 The Trustees, vkno are also directors of the Charrty for Ihe purposes of the Companies Act 2006, present their annual report with the financial statements of the Charity for the year endeLI 31 July 2024. The Financial Statements have been prepared in accordance wth the accounting policies set out in Note 1 of the Accounts and comply with the Statement of Recommended Practice ISORPI Applicable to Charities Preparing their Accounts in a¢¢ordan¢e vthh the Financial Report Stsndard applicable in the UK and Ireland IFRS1021 (effective 1 January 20151 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 sel out for smaller charth'es. 08JECTIVES AND ACTIVITIES Obj8ctlVo$ and alms Hatzola Herts is a communty-based emergency ambulance servicE and responder netrrk, committed lo providing rapid. hi9lFquality care lo the local community. Our service is free al the point of delivery and operated by trained, well-equipped and professional volunleecs. The organisats'on 1$ enty'rely funded by charitable donations. We are proud lo have over 100 dedicated volunteers. wDrking in close partnership with the NHS and the East ol England Ambulance Servi¢e. Our teams are on tall 24 hours a day. 7 days 3 week. 365 days a year. Since its inception, the ¢harty has responded to over 1,000 emergency calls, ranging from minor injuries lo life-threatening incidents. Hattola Hert$ provi¢Je$ expert prfrho$pital care and transports patients lo hospilal using our modem, fully equipped ambulance fleet. Since achieving charitable status in February 2022. we have continued to expand our operations in Elslree and 8orehamwood and are currently exploring plans lo extend services into Bushey, Hertfordshire. In January 2023 we were proud lo receive an overall"Good' rating follow'ng an inspection by the Care Qualty Commission ICQCI, r09n1S1ng our commitment to hwh Standards of care and Service delivery. This year, our primary objectives included.. Securin9 the long-lerm financial sustainability of the ¢harrty'. Expanding both frontline and operational infrastrUUre to support current $erwces and luture grovAh', Investing in key capital assets, includin9 new defibrillators. an additional ambulance. and an upgraded 4G radio communicatK)n system. We also continued lo locus on community engagement and education. We launched initiatives aimed al youth health and wellbeing, including first aid training for children aged 10-15. In addits'on, we have now trained over 150 adults through our Community First Aid Responder courses, vthich conts'nue to be delivered regularly. We were honoured to be selected as the Mayor of Hertsmere's chosen charty for the year, a recognition that not only raised our public profile but also provitleil invaluable supptsrt In our fundraising efforts and communty outreach initiatives. Volunteer development remains a comerslone of our mission. We have enhanced volunteer training programmes to further develop clinical skills and operational excellence. Plans are underway to expand these programmes in the year ahead. Page 1
HATZOLA HERTS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 FINANCIAL REVIEW Flnan¢lal po$ltlon The majority of the charity's income this year was generaled through donations, including a significant contribution designated for the purchase of a new ambulance. a¢qUid in the subsequent financial year. A major fundraising campaign was successfully undertaken during the year, helping to ensure the continuity of our operations. Funds raised have supported a wde range of essential costs, induding.. Charity insuran¢e Volunteer expenses and vehicle running costs Medical and safely equipment Personal protecty've equipment Ongoing volunteer and community training initiatives The charity reported a surplu$ of £189,755 for the year, representing a notable increase from the prewous period. This reflect5 both the successlul fundraising efforts and the scaling up of our fleet and seNces. While a reserves policy has not yet been formalty established - due to the charity's relativety recent formation it remains a key area lor future consideratn by the Board of Trustees. The policy, once implemented, wll define an appropriate threshold ol reserves lo en$ure financ1 stability. STRUCTURE, GOVERNANCE AND MANAGEMENT Govornlng document Hatzola Herts o)perales under its Articles of Asso¢iabon. mosl recently updated on 8 November 2021. The harity is a company limited by guarantee and was offKialty registered wth the Charity Cornmi$sion for England and Wale5 on 7 February 2022. Govemance is provided by a Board of Trustees, are appointed by existing members of the Board. Oryanl8atlonal Structurg The Board of Trustees is responsible for the strategic oversyht of the charity and meets formally al least four limes per year through ils Operations and Qualty Committee. Addibonal meetings take place throughout the year. including sessions ol the Finance and Fundraising Committee and Ihe Clinical Govemance Committee. Each of the charrty's key committees- Finance and Fundraising. and Operations and Quality- is chaired by Iwslee and plays a vital role in offering oversighl. guidance. and support lo the full Board. REFERENCE ANO ADMINISTRATIVE DETAILS Regl$t•red Company number 10849412 (England and Wales) Rogistor8d Charity numbgr 1197823 Registered office 2 Helenslea Avenue London NW11 8ND Trustee$ lan Grosskopf Aryeh Cohen Gregory Kay Page 2
HATZOLA HERTS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 REFERENCE AND ADMINISTRATIVE DETAILS Indendnt Examlnor STERN ASSOCIATES Chartered Accountants 2 Helenslea Avenue London NW11 8ND Approved by order of the board of trustees on 10 April 2025 arKI signed on its behaff by.. l Grosskopf- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF HATZOLA HERTS Independent examinerfs report to the trustees of Hatzola Herts llhe Company'l report lo the charty Iruslees on my examination of the accounts of the Company for the year ended 31 July 2024. Responsibilities and basis of rèport As the charty's trustees of the Company {and also r(s directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance the requirements of the Companies Act 20061'the 2006 Act'l. Having satisfied myself that the accounts ol the Company a not requid 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 account5 as carried out under Section 145 of the Charities Act 2011 {Ihe 2011 Act'l. In carrying out my examination I have followe(I the Directs'ons given by the Charity Commission under Section 145151 Ibl of the 2011 Act. Independent examinerfs statement Since your charitls gross income exceeiled £250.000 your examiner musl be a member ol a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Inslilule of Chartered Accountant5 in England and Wales, vthich 15 one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in wnneth'on wth the examination giving me cause lo believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord wth those records., or the accounts do not comply wrth the accounting requirements ol Section 396 01 the 2006 Act other than any requirement that the accounts give a true and fair wew leh is not a matter considered ag part of an independent examination". or the accounts have not been prepared in aceordance vthh the method¥ and principles of the Slalemenl of Recommended Practice for accounting and reporting by charrties (applicable lo charities preparing their accounts in accordance the Financial Reporb'ng Standard applicable in the UK and Republi ef Ireland IFRS 10211. I have no concerns and have come across no other matters in connection with the examination to vthich attention should be drawn in this report in or¢Jer to enable a proper understsnding of the accounts lo be reached. Simon Stern, ACA STERN ASSOCIATES Chartered Accountant5 2 Helenslea Avenue London NW11 8ND 10 April 2025 Page 4
HATZOLA HERTS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024 31.7.24 Unreslri¢ted fund 31.7.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 453,778 345,184 Other trading activities 24 Total 453,778 345,208 EXPENDITURE ON Raising funds 192,506 172,575 Charitable activities Direct c0515 71,517 168,129 Total 264,023 340,704 NET INCOME 1B9,755 4,504 RECONCIUATION OF FUNDS Total funds brought forward 177.130 172,626 TOTAL FUNDS CARRIED FORWARD 366,885 177,130 The notes fom) part of these finanual statements Page 5
HATZOLA HERTS BALANCE SHEET 31 JULY 2024 31.7.24 Unreslri¢ted fund 31.7.23 Total funds Notes FIXED ASSETS Tangible as5els 142.435 126,518 CURRENT ASSETS Debtors Cash at bank 9,623 238,358 7,028 87,235 247,981 94,263 CREDITORS Amounts falling due vthin one year 123,5311 143,6511 NET CURRENT ASSETS 224,450 50,612 TOTAL ASSETS LESS CURRENT UABILITIES 366.885 177,130 NET ASSETS 366,885 177,130 FUNDS Unreslricled funds 366,885 177,130 TOTAL FUNDS 366,885 177,130 The charitable company 1$ entrtled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. The members have not required the company lo obtsin an audit of its financial statements for the year ended 31 July 2024 in accordance wth Section 476 of the Companies Act 2006. The Iruslees acknO4ed9e their responsibilrties for ensuring that the charitable company keeps accountsng records that Mpty wth Sertions 386 and 387 of the Companies Act 2006 and Ibl preparing financial ststements which give a true and fair wew of the stsle of affairs of the charitable company as al the end of each financial year and of rts surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and lch otherwise Comply wlh the requirements of the Companies Act 2006 relating to financial ststements, so far as applicable to the charitable company. The notes fom) part of these finanual statements Page 6 continued...
HATZOLA HERTS BALANCE SHEET - continuad 31 JULY 2024 These financial statements have been prepared in a¢¢ordance wth the prow5ions applicable to chartsble companies subject to the small companies wime. The financial slalemenls were approve(I by the Board of Trustees arKI aulhorise(I for issue on 10 April 2025 and were signed on its behalf by.. l Grosskopf- Trustee The notes fom) part of these finanual statements Page 7
HATZOLA HERTS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slalemenls of the ¢harrtable Company. vthich is a public benefrt entity under FRS 102, have been prepared in accordance wth the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charrties prepanng their accounts in a¢¢ordan¢e wlh the Financial Reporting Standard appli¢able in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost ¢onvention. The financial statements have been prepad on the going COnM basis, based on assurances from the trustees that they wll continue lo provide financial support to the charitable company. Incom8 All income is recognised in the Statement of Financial Actiwties once the charity has enlrtlement to the funds. rt is probable that the income will be received and the amount can be measured reliably. Expondlture Liabilits'es are recognised as expenditure as soon as there is a legal or Constructs've obligation committing the charity lo that expenditure, rt is probable that a transfer of economic benefi'ts will be required in settlement and the amount of the obligatson can be measured reliably. Expenditure is a¢¢ounled for on an 0ru01$ ba$1$ and has been ¢las$ified under headings that aggregate all ¢o$l related to the category. Where costs cannot be direcuy attributed lo particular headings they have been all¢Xated to aclivrties on a basis consistent wth the use of resources. Tanglble fixed a$8•ts Depreciation 1$ provided at the folknmng annual rates in order to vmte off each asset over it$ estimated Useful life. Fixtures and fittings Motor vehides 20% on cost 20% on cost Taxatlon The charity is exempt from rpOration lax on its charitable aclivf(ies. Fund accountlng Unrestricted funds can be used in accordance vthh the charitabk objeth'ves al the discretion of the trustees. Restricted fund5 can only be used for particular restn.cted Purposes within the objects of the charity. Reslriclions arise when $pecffie(I by the donor or vthen ftjnds a raised for particular restricted purposes. Further explanation of the nalure and purpose of each fund is included in the notes to the financial statements. Page 8 continued...
HATZOLA HERTS NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 JULY 2024 OTHER TRADING ACTIVITIES 31.7.24 31.7.23 Fundraising activth'es 24 NET INCOMEIIEXPENDITUREI Nel incomellexpendrturel 15 stsled after chargIn{credib"ng}.. 31.7.24 31.7.23 Depreciation - owned assets Deficit on disposal of fixed assets 54.943 1,050 40,244 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023. Tru$tses' expenses There were no Iruslees, expenses paid for the year ended 31 July 2024 nor for the year ended 31 Juty 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled fund INCOME AND ENDOWMENTS FROM Donations and legacies 345,184 Other trading aclivrties 24 Totsl 345.208 EXPENDITURE ON Raising funds 172,575 Charitable activiti09 Direct cost5 168,129 Total 340,704 NET INCOME 4,504 RECONCILIATION OF FUNDS Totsl funds brought forvrard 172,626 TOTAL FUNDS CARRIED FORWARD 177,130 Page 9 continued...
HATZOLA HERTS NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 JULY 2024 TANGIBLE FIXED ASSETS Fixtures and frttings Plant and machinery Motor vehides Totals COST Al 1 August 2023 Addits'ons Disposals 1.580 6.523 72.(0 197,550 205,653 72,060 13,0001 13,0001 At 31 July 2024 78.583 194,550 274,713 DEPRECIATION Al 1 Augu512023 Charge for year Eliminated on disposal 632 316 6.523 15,717 71,980 38,910 11,8001 79,135 54,943 11,8001 Al 31 July 2024 948 22.240 109,090 132,278 NET BOOK VALUE Al 31 July 2024 632 56.343 85,460 142,435 Al 31 July 2023 948 125,570 126,518 DE8TORS: AMOUNTS FALLING OUE WITHIN ONE YEAR 31.7.24 31.7.23 Prepayments 9,623 7,028 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.24 31.7.23 Trade ¢reditor$ Accruals and deferred income 21,731 1,800 39,006 4,645 23,531 43,851 MOVEMENT IN FUNDS Net movement in funds At 31.7.24 At 1.8.23 Unre$tri¢ted funds General fund 177.130 189,755 366,885 TOTAL FUNDS 177.130 189,755 366,885 Page 10 ntinued...
HATZOLA HERTS NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 JULY 2024 MOVEMENT IN FUNDS- continued Nel movement in ftjnds. induded in the above a a$ foll0v.. Incoming resources Resources expended Movement in funds Unrastrictsd funds General fund 453.778 (264,0231 189,755 TOTAL FUNDS 453,778 1264,0231 189,755 Comparatlvos for movemont In lunds Net movement in funds At 31.7.23 At 1.8.22 Unr8Strict8d fund¥ General fund 172.626 4,504 177,130 TOTAL FUNDS 172.626 4,504 177,130 Comparats've nel movement in fvnds. induded in the above are as follows,, Incoming sources Resources expended Movement in funds Unr8Strfct8d funds General fund 345,208 1340,7041 4,504 TOTAL FUNDS 345.208 1340,7041 4,504 A current year 12 months and prior year 12 months combinet1 posib.on is as follows". Net movement in funds At 31.7.24 At 1.8.22 Unrostrictsd funds General fund 172.626 194,259 366,885 TOTAL FUNDS 172.626 194,259 386,885 Page 11 ntinued...
HATZOLA HERTS NOTES TO THE FINANCIAL STATEMENTS- conlinuad FOR THE YEAR ENDED 31 JULY 2024 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.. Incoming resources Resources expended Movement in funds Unrestrictsd funds General fund 798,986 1604,7271 194,259 TOTAL FUNDS 798,986 1604,7271 194,259 10. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 July 2024. Page 12