IRIS Accounts Production v25.1.3.33 Other Company accounts True false Pounds 1.9.23 31.8.24 31.8.24 FY Ofer Schohet David Sampson Teacher Ram Zdafee Tom Sharon Ofir Libstein FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048576432023-08-31048576432024-08-31048576432023-09-012024-08-31048576432022-08-31048576432022-09-012023-08-31048576432023-08-3104857643ns0:CharitableCompanyLimitedByGuarantee2023-09-012024-08-3104857643ns15:PoundSterling2023-09-012024-08-3104857643ns0:Trustee12023-09-012024-08-3104857643ns0:Trustee22023-09-012024-08-3104857643ns0:Trustee32023-09-012024-08-3104857643ns0:Trustee42023-09-012024-08-3104857643ns0:Trustee52023-09-012024-08-3104857643ns11:FRS1022023-09-012024-08-3104857643ns11:IndependentExaminationCharity2023-09-012024-08-3104857643ns11:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104857643ns11:FullAccounts2023-09-012024-08-3104857643ns11:CharitiesSORP2023-09-012024-08-3104857643ns16:EnglandWales2023-09-012024-08-3104857643ns11:RegisteredOffice2023-09-012024-08-3104857643ns0:TotalUnrestrictedFunds2023-09-012024-08-3104857643ns0:TotalEndowmentFunds2023-09-012024-08-3104857643ns0:Activity82023-09-012024-08-3104857643ns0:TotalUnrestrictedFundsns0:Activity82023-09-012024-08-3104857643ns0:TotalEndowmentFundsns0:Activity82023-09-012024-08-3104857643ns0:Activity82022-09-012023-08-3104857643ns0:TotalUnrestrictedFunds2023-08-3104857643ns0:TotalEndowmentFunds2023-08-3104857643ns0:TotalUnrestrictedFunds2024-08-3104857643ns0:TotalEndowmentFunds2024-08-3104857643ns10:WithinOneYear2024-08-3104857643ns10:WithinOneYear2023-08-310485764332023-09-012024-08-3104857643ns0:TotalUnrestrictedFunds2022-09-012023-08-3104857643ns0:TotalEndowmentFunds2022-09-012023-08-3104857643ns0:TotalUnrestrictedFundsns0:Activity82022-09-012023-08-3104857643ns0:TotalEndowmentFundsns0:Activity82022-09-012023-08-31
REGISTERED COMPANY NUMBER: 04857643 (England and Wales)
REGISTERED CHARITY NUMBER: 1101875




















REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

PZC HAGSHAMA

PZC HAGSHAMA

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5

Notes to the Financial Statements 6 to 10

PZC HAGSHAMA (REGISTERED NUMBER: 04857643)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024



The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
Charitable objects
The objects of the charity are to promote and educate, both in the United Kingdom and Worldwide, youth students and the wider public of all nationalities and religious denominations, in all aspects of Jewish life and identity, in Israel and the Diaspora.

To achieve the objects, the Trust makes charitable donations and grants to Jewish organisations and other charities.

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance on advancing education when reviewing the charity's aims and objectives and in planning future activities and setting the grant making policy for the year.

There have been no material changes in the objectives or policies of the charity during the year.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year a total of £149,953 was distributed to charitable institutions.

FINANCIAL REVIEW
The Trustees maintain a programme in accordance with the Trust's stated objects.

The net income for the year shows a surplus of £51,972. The surplus on unrestricted funds has been transferred to the endowment funds in accordance with the Trustees' policy in previous years.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Status
The Charity was incorporated as a result of the diversification of World Habonim.
The charity is constituted as a limited company, limited by guarantee, as defined by the Companies Act 2006 and is governed by its Memorandum and Articles of Association dated 6th August 2003.

Organisational structure
The trustees meet throughout the year to consider the various ways of advancing the principal activities of the trust. The power to appoint new trustees vests in the current board.

Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04857643 (England and Wales)

Registered Charity number
1101875

Registered office
First Floor, Winston House
349 Regents Park Road
London
N3 1DH


PZC HAGSHAMA (REGISTERED NUMBER: 04857643)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2024


Trustees
Ofer Schohet
David Sampson Teacher
Ram Zdafee
Tom Sharon

Independent Examiner
Mr Daniel Fine, FCA
Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

Approved by order of the board of trustees on 19 June 2025 and signed on its behalf by:





Ofer Schohet - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
PZC HAGSHAMA


Independent examiner's report to the trustees of Pzc Hagshama ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.

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
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.








Mr Daniel Fine, FCA

Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

20 June 2025

PZC HAGSHAMA

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 AUGUST 2024

2024 2023
Unrestricted Endowment Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 177,523 - 177,523 -

Investment income 2 11,001 - 11,001 11,582
Other income 1,698 - 1,698 12,544
Total 190,222 - 190,222 24,126

EXPENDITURE ON
Charitable activities
Charitable activities 163,346 - 163,346 10,674

Net gains/(losses) on investments 25,096 - 25,096 (25,262 )

NET INCOME/(EXPENDITURE) 51,972 - 51,972 (11,810 )
Transfers between funds 8 (51,972 ) 51,972 - -
Net movement in funds - 51,972 51,972 (11,810 )

RECONCILIATION OF FUNDS
Total funds brought forward - 485,419 485,419 497,229

TOTAL FUNDS CARRIED FORWARD - 537,391 537,391 485,419

PZC HAGSHAMA (REGISTERED NUMBER: 04857643)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Investments 5 502,518 487,621
Cash at bank 40,760 3,111
543,278 490,732

CREDITORS
Amounts falling due within one year 6 (5,887 ) (5,313 )

NET CURRENT ASSETS 537,391 485,419

TOTAL ASSETS LESS CURRENT LIABILITIES 537,391 485,419

NET ASSETS 537,391 485,419
FUNDS 8
Endowment funds 537,391 485,419
TOTAL FUNDS 537,391 485,419

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

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 19 June 2025 and were signed on its behalf by:





Ofer Schohet - Trustee

PZC HAGSHAMA

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


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.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost unless they are classified as receivable within one year in which case they are measured at the undiscounted amount of the cash or other consideration expected to be received net of impairment.

Financial liabilities that are classified as payable within one year are subsequently measured at the undiscounted amount of the cash or other consideration expected to be paid.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset or settle the liability simultaneously.

PZC HAGSHAMA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. INVESTMENT INCOME
2024 2023
£    £   
Dividends 5,923 5,968
Deposit account interest 15 5
Curr asset investment income 5,063 5,609
11,001 11,582

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.


4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM

Investment income 11,582 - 11,582
Other income 12,544 - 12,544
Total 24,126 - 24,126

EXPENDITURE ON
Charitable activities
Charitable activities 10,674 - 10,674

Net gains/(losses) on investments (25,262 ) - (25,262 )

NET INCOME/(EXPENDITURE) (11,810 ) - (11,810 )
Transfers between funds 11,810 (11,810 ) -
Net movement in funds - (11,810 ) (11,810 )

RECONCILIATION OF FUNDS
Total funds brought forward - 497,229 497,229

TOTAL FUNDS CARRIED FORWARD - 485,419 485,419


PZC HAGSHAMA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Other investments 502,518 487,621

Investment with London and Capital

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 415 1,154
Accruals and deferred income 5,472 4,159
5,887 5,313

7. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2024 2023
Unrestricted Endowment Total Total
fund fund funds funds
£    £    £    £   
Current assets 1,561 541,717 543,278 490,732
Current liabilities (1,561 ) (4,326 ) (5,887 ) (5,313 )
- 537,391 537,391 485,419

8. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.9.23 in funds funds 31.8.24
£    £    £    £   
Unrestricted funds
General fund - 51,972 (51,972 ) -

Endowment funds
Endowment funds 485,419 - 51,972 537,391

TOTAL FUNDS 485,419 51,972 - 537,391

Net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 190,222 (163,346 ) 25,096 51,972

TOTAL FUNDS 190,222 (163,346 ) 25,096 51,972


PZC HAGSHAMA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net Transfers
movement between At
At 1.9.22 in funds funds 31.8.23
£    £    £    £   
Unrestricted funds
General fund - (11,810 ) 11,810 -

Endowment funds
Endowment funds 497,229 - (11,810 ) 485,419

TOTAL FUNDS 497,229 (11,810 ) - 485,419

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 24,126 (10,674 ) (25,262 ) (11,810 )

TOTAL FUNDS 24,126 (10,674 ) (25,262 ) (11,810 )

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 1.9.22 in funds funds 31.8.24
£    £    £    £   
Unrestricted funds
General fund - 40,162 (40,162 ) -

Endowment funds
Endowment funds 497,229 - 40,162 537,391

TOTAL FUNDS 497,229 40,162 - 537,391

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Gains and Movement
resources expended losses in funds
£    £    £    £   
Unrestricted funds
General fund 214,348 (174,020 ) (166 ) 40,162

TOTAL FUNDS 214,348 (174,020 ) (166 ) 40,162

PZC HAGSHAMA

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2024.