**CHARITY REGISTRATION NUMBER: 1202035** ## **LEV ZAHAV FOUNDATION UNAUDITED FINANCIAL STATEMENTS** ## **31 DECEMBER 2024** **COHEN ARNOLD** Chartered accountants New Burlington House 1075 Finchley Road London NW11 0PU ## **LEV ZAHAV FOUNDATION** ## **FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2024** ||**PAGE**| |---|---| |Trustees' annual report|**1**| |Statement of financial activities|**3**| |Statement of financial position|**4**| |Notes to the financial statements|**5**| **LEV ZAHAV FOUNDATION** ## **TRUSTEES' ANNUAL REPORT** ## **YEAR ENDED 31 DECEMBER 2024** The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** **Registered charity name** Lev Zahav Foundation **Charity registration number** 1202035 **Principal office** MTALX House 166 Hampstead way London NW11 7YE **The trustees** Mr D Goldberg Mr Y Goldberg Mrs J Goldberg **Accountants** Cohen Arnold Chartered accountants New Burlington House 1075 Finchley Road London NW11 0PU ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The charity is constituted and governed as a CIO. The day-to-day affairs of the charity are administered by the trustees. None of the trustees have any beneficial interest in the charity. It is not currently the intention of the trustees of the charity to appoint new trustees. Should the situation change in the future, the trustees will apply suitable recruitment training and procedures. ## **OBJECTIVES AND ACTIVITIES** The charity was established with the objects of providing grants for the enhancement of education and religion, the relief of poverty, and other charitable purposes according to English law. No operational activity was undertaken during the year. The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the charity’s aims and objectives. ## **ACHIEVEMENTS AND PERFORMANCE** Due to its dormant status, the charity did not carry out any projects or make progress toward its objectives during the financial year. ## **FINANCIAL REVIEW** There was no financial activity during the year. The CIO received no income and incurred no expenditure. **- 1 -** ## **LEV ZAHAV FOUNDATION** ## **TRUSTEES' ANNUAL REPORT** _**(continued)**_ ## **YEAR ENDED 31 DECEMBER 2024** The trustees' annual report was approved on 30 July 2025 and signed on behalf of the board of trustees by: ## **MR D GOLDBERG** Trustee **- 2 -** ## **LEV ZAHAV FOUNDATION** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **YEAR ENDED 31 DECEMBER 2024** |||**Year to**| |---|---|---| |||**31 Dec 24**| |||**Total funds**| ||**Note**|**£**| |||----------------| |**TOTAL INCOME**||–| |||================| |||----------------| |**TOTAL EXPENDITURE**||–| |||================| |||----------------| |**NET INCOME**||–| |||================| |**RECONCILIATION OF FUNDS**||| |Total funds brought forward||–| |||----------------| |**TOTAL FUNDS CARRIED FORWARD**||–| |||================| **The notes on pages 5 to 6 form part of these financial statements.** **- 3 -** **LEV ZAHAV FOUNDATION** ## **STATEMENT OF FINANCIAL POSITION** ## **31 DECEMBER 2024** **2024 Note £ £** These financial statements were approved by the board of trustees and authorised for issue on 30 July 2025, and are signed on behalf of the board by: **MR D GOLDBERG** Trustee **The notes on pages 5 to 6 form part of these financial statements.** **- 4 -** **LEV ZAHAV FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS** ## **YEAR ENDED 31 DECEMBER 2024** ## **1. GENERAL INFORMATION** The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is MTALX House, 166 Hampstead way, London, NW11 7YE. ## **2. STATEMENT OF COMPLIANCE** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011. ## **3. ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. As the charity was dormant during the financial year, no income or expenditure was recognised. These policies reflect the accounting principles the charity will apply when financial activity arises in future periods. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds. ## **Incoming resources** All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. **- 5 -** **LEV ZAHAV FOUNDATION** ## **NOTES TO THE FINANCIAL STATEMENTS** _**(continued)**_ ## **YEAR ENDED 31 DECEMBER 2024** ## **3. ACCOUNTING POLICIES** _**(continued)**_ ## **Incoming resources** _**(continued)**_ Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates. Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. ## **Charitable activities** Grants payable are charged to the statement of financial activities once the foundation has made a commitment to pay the grant and this has been communicated to the beneficiary or the grant has been paid, whichever is earlier. ## **4. STAFF COSTS** The average head count of employees during the year was Nil. No employee received employee benefits of more than £60,000 during the year (2023: Nil). ## **5. TRUSTEE REMUNERATION AND EXPENSES** No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. The charity did not meet any expenses incurred by the trustee for services provided to the charity. ## **6. RELATED PARTIES** There were no related party transactions during the year to 31 December 2024. **- 6 -**