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2023-12-31-accounts

Registered number: 09562588 Charity number: 1164378

UOHC SUPERVISION LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

UOHC SUPERVISION LIMITED

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the Company, its Trustees and advisers 1
Trustees' report 2 - 6
Independent auditors' report on the financial statements 7 - 10
Consolidated statement of financial activities 11
Consolidated balance sheet 12
Company balance sheet 13
Consolidated statement of cash flows 14
Notes to the financial statements 15 - 27

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees Mr A Hochhauser Mr D Lobenstein Mr G Sinitsky Mr S S Sinitsky Company registered number 09562588 Charity registered number 1164378 Registered office 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX Principal operating 140 Stamford Hill office London N16 6QT Independent auditors Landau Morley LLP Chartered Accountants 325-327 Oldfield Lane North Greenford Middlesex UB6 0FX

Page 1

UOHC SUPERVISION LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their annual report together with the audited financial statements of UOHC Supervision Limited for the year end 31 December 2023. The annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the group and the Company qualify as small under section 383 of the Companies Act 2006, the Group strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

a. Policies and objectives

The objects of the charity, as detailed in the Memorandum and Articles of Association, are to advance the orthodox Jewish faith in Great Britain, to establish and support such institutions as will serve this object and to advance such other purposes as are recognised as charitable, as the trustees shall determine.

The trustees propose that the charity will achieve these objectives through the provision of shechita and kashrus supervision services and the provision of facilities to enable Jewish members of the public to practice the Jewish religion and to enable them to observe the Orthodox Jewish religious dietary laws relating to kosher food.

The principal object of the charity’s work is to control standards of Kosher food production.

Foods and services meeting the standards set by the Rabbinate of the Union of Orthodox Hebrew Congregations are entitled to carry the “Kedassia” logo.

The charitable objects and activities of the charity were established through the assignment of registered trademarks and the granting of a trade mark licence agreement to the charity’s trading subsidiary company – Kedassia Supervision Limited. The registered trademarks, formerly held jointly by two unincorporated charitable undertakings: the Union of Orthodox Hebrew Congregations (charity number 249892) and Adass Yisroel (charity number 207156), were assigned to Kedassia Supervision Limited by those charities and a trade mark licence agreement was established granting Kedassia Supervision Limited the right to grant Kedassia certification and to provide shechita and kashrus supervision services under the trade marks assigned to that company.

UOHC Supervision Limited and the charity’s 100% owned subsidiary company (Kedassia Supervision Limited) were established as the corporate successor charities to the former trademark owners.

b. Grant-making policies

Grants are made to charitable institutions and organisations which accord with the objectives of the charity.

c. Volunteers

The majority of the group's work is undertaken by paid employees. Occasional voluntary assistance is provided by the trustees.

Page 2

UOHC SUPERVISION LIMITED (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Objectives and activities (continued)

d. Main activities undertaken to further the Company's purposes for the public benefit

The trustees confirm that they have complied with the duty in section 2 (1) (b) of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefit'.

All of the activities that are undertaken by the charity are for the advancement of its charitable purposes and are outlined above.

Achievements and performance

a. Main achievements of the Group

During the year the group provided shechita and kashrus supervision services in accordance with a trade mark licence agreement with the charity’s trading subsidiary company.

During the year the charity continued to support community projects. and paid grants totaling £691,060 (2022: £348,060). The group paid grants totaling £697,218 (2022: £562,180).

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The results for the year show that there was net loss of £161,510 (2022: net profit £20,081). The total income for the year was £3,591,554 (2022: £3,286,899).

The trading subsidiary achieved a net profit for the year ended 31 December 2023 of £509,673 (2022: £257,177).

The charity has been able to achieve its objectives as reserves have been maintained to enable it to do so. The trustees have continued the policy of making grants to local charitable organisations and will pursue this policy in the future.

The charity aims to distribute its unrestricted funds as soon as it is able, however at the same time sufficient reserves are maintained to meet annual grants for the foreseeable future.

At 31st December 2023, the charity's unrestricted reserves amounted to £280,719 (2022: £282,401). The group had unrestricted reserves of £333,878 (2022: £495,388).

c. Material investments policy

The trustees' investment policies are governed by the company’s Memorandum and Articles of Association, which permits the trustees to invest in such assets as they see fit.

Page 3

UOHC SUPERVISION LIMITED

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

d. Principal risks and uncertainties

The trustees have examined the major strategic business and operational risks which the charity faces and they confirm that systems have been established to enable regular reports to be made so that necessary steps can be taken to lessen these risks.

Risks are classified under headings such as financial, premises, staffing and reputation.

Risk assessments are carried out in order to ascertain the likelihood of a risk event occurring, of its potential impact, and whether any cost-effective mitigating action may be taken.

The major risks relating to these have been identified by the trustees relying on professional advice where appropriate and they are reviewed on a regular basis. The organisation has adequate systems in place accompanied by proper insurance cover which are considered adequate to mitigate major risks.

Structure, governance and management

a. Constitution

UOHC Supervision Limited is a company limited by guarantee, incorporated on 27th April 2015 and registered as a charity on 12th November 2015.

Its governing document is the company’s Memorandum and Articles of Association dated 27th April 2015.

Reference and administrative details for UOHC Supervision Limited are shown in the schedule of members of the Board and professional advisers on Page 1 of the financial statements.

b. Methods of appointment or election of Trustees

Trustees are elected for terms of three years and are eligible for re-appointment, without restriction, for further terms of office. The Trustees in office during the period were Mr. A. Hochhauser, Mr. D. Lobenstein, Mr. G Sinitsky and Mr. S Sinitsky.

c. Organisational structure and decision-making policies

Every member of the Board of Trustees undertakes to contribute an amount not exceeding one pound in the event of winding up the company whilst they are a member of the Board or within one year after their membership ceases.

The day to day running of the office is the responsibility of the trustees as well as the provision of professional input into the charity's activities and strategic development.

The trustees meet regularly to review the finances of the Trust and to approve donations.

Professional advice and assistance is sought when deemed necessary.

Page 4

UOHC SUPERVISION LIMITED (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Structure, governance and management (continued)

d. Policies adopted for the induction and training of Trustees

New trustees are invited at the suggestion of existing trustees, and are inducted and trained so that they fully understand the aims, objectives and the workings of the charity. New trustees are briefed on their legal obligations under charity law, the committee and decision making processes, the objectives and the financial performance of the charity.

Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Plans for future periods

The charity plans to continue its activities as outlined above in forthcoming years subject to satisfactory funding arrangements. The trustees continue to monitor the service effectiveness and efficiency of the charity, with a view to ensuring that the charity continues to meet its key objectives.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Group and the Company and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Group and the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 5

UOHC SUPERVISION LIMITED (A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Disclosure of information to auditors

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that:

Small companies provision

This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

Approved by order of the members of the board of Trustees and signed on their behalf by:

Mr S S Sinitsky

Trustee

Date: 27 September 2024

Page 6

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UOHC SUPERVISION LIMITED

Opinion

We have audited the financial statements of UOHC Supervision Limited (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 December 2023 which comprise the Consolidated statement of financial activities, the Consolidated balance sheet, the Company balance sheet, the Consolidated statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Group's or the parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page 7

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UOHC SUPERVISION LIMITED (CONTINUED)

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Auditors' report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Page 8

UOHC SUPERVISION LIMITED

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UOHC SUPERVISION LIMITED (CONTINUED)

Auditors' responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with management (as required by auditing standards).

• We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation. We considered that extent of compliance with those laws and regulations as part of our procedures on the related financial statement items.

• Except for any known or possible non-compliance, and as required by auditing standards, our work in respect of these included enquiry of management about company's policies, procedures, and related controls regarding compliance with laws and regulations and if there are any known instances of noncompliance.

• We tested the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluated the business rationale of any significant transactions that are unusual or outside the normal course of business.

• We performed analytical procedures to identify any unusual or unexpected relationships.

• We examined supporting documents for all material balances, transactions and disclosures.

• We evaluated the selection and application of accounting policies related to subjective measurements and complex transactions.

Owing to the inherent limitations of an audit, there is an unavoidable risk that some material misstatements of the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

The potential effects of inherent limitations are particularly significant in the case of misstatement resulting from fraud because fraud may involve sophisticated and carefully organized schemes designed to conceal it, including deliberate failure to record transactions, collusion or intentional misrepresentations being made to us.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 9

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF UOHC SUPERVISION LIMITED (CONTINUED)

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Landau Morley LLP Chartered Accountants 325 – 327 Oldfield Lane North Greenford Middlesex UB6 0FX

Date:27 September 2024

Landau Morley LLP are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

Page 10

UOHC SUPERVISION LIMITED

(A company limited by guarantee)

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023

Note
Income from:
Other trading activities
4
Investments
5
Donations and legacies
6
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward
7
8,9		 Unrestricted
funds
2023
£
3,571,521
33
20,000
3,591,554
3,029,259
723,805
3,753,064
(161,510)
495,388
(161,510)
333,878		 Total
funds
2023
£
3,571,521
33
20,000
3,591,554
3,029,259
723,805
3,753,064
(161,510)
495,388
(161,510)
333,878		 Total
funds
2022
£
3,175,829
1,077
110,000
3,286,899
2,702,246
564,572
3,266,818
20,081
475,307
20,081
495,388

The Consolidated statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 15 to 26 form part of these financial statements.

Page 11

UOHC SUPERVISION LIMITED (A company limited by guarantee) REGISTERED NUMBER: 09562588

CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2023

Note
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total net assets
Charity funds
Unrestricted funds
16
Total funds		 729,003
8,798		 2023
£
333,878
333,878
333,878
333,878		 874,467
7,741		 2022
£
495,388
495,388
495,388
495,388
737,801
(403,923)		 882,208
(386,820)

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

and signed on their behalf by:

Mr S S Sinitsky

Trustee

The notes on pages 15 to 26 form part of these financial statements.

Page 12

UOHC SUPERVISION LIMITED (A company limited by guarantee) REGISTERED NUMBER: 09562588

COMPANY BALANCE SHEET AS AT 31 DECEMBER 2023

Fixed assets
Note
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Total net assets
Charity funds
Unrestricted funds
16
Total funds		 274,661
6,058
280,719
(3)		 2023
£
3
3
280,716
280,719
280,719
280,719
280,719		 314,364
7,741
282,401
(3)		 2022
£
3
3
282,398
282,401
282,401
382,401
282,401

The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

However, an audit is required in accordance with section 151 of the Charities Act 2011.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

and signed on their behalf by:

Mr S S Sinitsky

Trustee

The notes on pages 15 to 26 form part of these financial statements.

Page 13

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023

Cash flows from operating activities
Net cash used in operating activities
Cash flows from investing activities
Dividends, interests and rents from investments
Net cash provided by investing activities
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
The notes on pages 15 to 26 form part of these financial statements		 2023
£
1,024
33
1,057
-
1,057
7,741
8,798		 2022
£
(4,602)
1,070
1,070
-
(3,532)
11,273
7,741

Page 14

UOHC SUPERVISION LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. General information

The company is a company limited by guarantee. The members of the company are the Trustees. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.

The registered office of the company is 325-327 Oldfield Lane North, Greenford, UB6 0FX.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

UOHC Supervision Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Group and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

The Group has taken advantage of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own statement of financial activities in these financial statements.

2.2 Basis of consolidation

The financial statements consolidate the accounts of UOHC Supervision Limited and all of its subsidiary undertakings ('subsidiaries').

2.3 Going concern

At the time of approving the Financial Statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees have continued to adopt the going concern basis of accounting in preparing the Financial Statements.

2.4 Income

All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 15

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

2.6 Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Group; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Consolidated statement of financial activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.9 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.10 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Page 16

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

2. Accounting policies (continued)

2.11 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.12 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.13 Pensions

The Group operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Group to the fund in respect of the year.

2.14 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

The Company makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.

Page 17

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. Income from other trading activities

Unrestricted Total
funds funds
2023 2023
£ £
Supervision fees income 3,571,521 3,571,521

Trading activities of the group relate to the trading activities of the charity's subsidiary undertaking, Kedassia Supervision Limited, outlined in note 22. The principal activity of Kedassia Supervision Limited was that of providing supervisory services for the production of Kosher products.

Unrestricted Total
funds funds
2022 2022
£ £
Supervision fees income 3,175,829 3,175,829

5. Investment income

Interest receivable
Interest receivable		 Unrestricted
funds
2023
£
33
Unrestricted
funds
2022
£
1,070		 Total
funds
2023
£
33
Total
funds
2022
£
1,070

Page 18

UOHC SUPERVISION LIMITED

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6.
Donations and legacies
Donations and gifts
Government grants
7.
Expenditure on raising funds
Other trading expenses
Supervision costs
Staff costs
Supervision costs
Staff costs		 Unrestricted
funds
2023
£
20,000
-
20,000		 Total
2023
£
20,000
-
20,000		 Unrestricted
funds
2022
£
110,000
-
110.000
Unrestricted
funds
2023
£
2,057,613
971,646
3,029,259
Unrestricted
funds
2022
£
1,714,693
987,554
2,413,075		 Total
2022
£
110,000
-
110,000
Total
funds
2023
£
2,057,613
971,646
3,029,259
Total
funds
2022
£
1,714,693
987,554
2,413,075

Page 19

UOHC SUPERVISION LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

8. Analysis of expenditure by activities

Bank charges

Bank charges

 Support
costs
2023
£
Total
costs
2023
£
26,587
26,587
Support
costs
2022
Total
costs
2022
2,392
2,392

Page 20

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. Grants payable

Grants to institutions:
UOHC Foundation Limited
The Union of Orthodox Hebrew Congregations
Chasdei Sholom
Keren Chochmas Shlomo Trust
Support the Charity Worker
Talmud Torah Education Limited
Tevini Limited
United Talmudical Associates Ltd
Beis Ahron Trust Ltd
Ben Amram Charitable Trust
Chasdei Aharon Ltd
Ezer Viznitz Foundation
Friends of Beis Soroh Schneirer
Grovepalm Ltd
Inspirations
Kehal Chasidei Wiznit Ltd
Live and Learn
Mifal Hachesed Vehatzedokoh
Mosdos Toldos Ahron Ltd
Reb Shyele's Kitchen
Sharei Chesed
Shir Chesed Beis Yisroel
Trenhil Ltd
Yad Vochesed Association Ltd
Yesamach Levav
Amount under £10,000
 2023
£
-
191,600
18,000
-
-
-
-
-
13,000
15,000
53,300
10,000
19,200
10,000
15,250
20,775
10,000
22,000
10,000
15,000
11,800
17,250
45,920
10,000
33,600
155,523
697,218		 2022
£
60,000
198,120
18,600
65,360
20,000
12,000
33,850
30,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-

-
-
-
124,250
562,180

Institutional grants are made to institutions which share the same objectives and ethos as the Charity and contribute to further communal development.

Page 21

UOHC SUPERVISION LIMITED (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

10. Auditors' remuneration

The auditors' remuneration for the group amounts to an auditor fee of £9,500 (2022 - £8,945) , and in respect of subsidiary undertaking £9,500 ( 2022 - £8,751 ).

11. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 Group
2022
£
901,012
49,318
21,313
971,643		 Group
2022
£
911,545
56,923
19,086
987,554

The average number of persons employed by the Group and company during the year was as follows:

Group Group
2023 2022
No. No.
54 57

No employee received remuneration amounting to more than £60,000 in either year.

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2022 - £NIL)

During the year ended 31 December 2023, no Trustee expenses have been incurred (2022 - £NIL) .

Page 22

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

13. Fixed asset investments

Company
Cost or valuation
At 1 January 2023
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 Investments
in
subsidiary
companies
£
3
3
3
3

14. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
 Group
2023
£
341,407
-
251,443
127,153
729,003		 Group
2022
£
374,015
-
404,113
96,339
874,467		 Company
2023
£
-
274,661

-
274,661		 Company
2022
£
-
274,661
-
-
314,364

Page 23

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. Creditors: Amounts falling due within one year

Group Group Company Company
2023 2021 2023 2022
£ £ £ £
Trade creditors 26,416 35,160 - -
Other taxation and social security 186,855 161,095
 - -
Other creditors 121,756 140,684 3 3
Bank overdraft - 33,866
Accruals and deferred income 68,896 16,015 -
 -
403,923
 386,820 3 3

16. Statement of funds Statement of funds - current year

Unrestricted funds
General Funds
Statement of funds - prior year
General Funds		 Balance at 1
January
2023
£
495,388
Balance at
1 January
2022
£
475,307		 Income
£
3,591,554
Income
£
3,286,899		 Expenditure
£
(3,753,064)
Expenditure
£
(3,266,818)		 Balance at
31
December
2023
£
333,878
Balance at
31
December
2022
£
495,388

Page 24

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

17. Analysis of net assets between funds

Analysis of net assets between funds - current period

Unrestricted Total
funds funds
£ £
Current assets 737,801 737,801
Creditors due within one year (403,923)
 (403,923)
Total 333,878 333,878
Analysis of net assets between funds - prior period
Unrestricted Total
funds funds
2022 2022
£ £
Current assets 882,208 882,208
Creditors due within one year (386,820) (386,820))
Total 495,388 495,388
18. Reconciliation of net movement in funds to net cash flow from operating activities
Group Group
2023 2022
£ £
Net income for the period (as per Statement of Financial Activities) (161,510) 20,081
Adjustments for:
Dividends, interests and rents from investments (33) (1,070)
(Increase)/decrease in debtors 145,462 (60,547)
Increase/(decrease) in creditors 17,103 36,934
Net cash provided by operating activities (1024) (4,602)

Page 25

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

19. Analysis of cash and cash equivalents

Cash in hand
Total cash and cash equivalents		 Group
2022
£
8,798
8,798		 Group
2022
£
7,741
7,741

20. Analysis of changes in net debt

Cash at bank and in hand At 1
January
2023
£
7,741
7,741		 Cash flows
£
1,057
1,057		 At 31
December
2023
£
8,798
8,798

21. Operating lease commitments

The Group and the Company had no commitments under non-cancellable operating leases at 31 December 2023

22. Principal subsidiaries

The following was a subsidiary undertaking of the Company:

Name Company Company Class of Holding
number shares
Kedassia Supervision Limited 07896473 Ordinary 100%
The financial results of the subsidiary for the year were:
Name Income Expenditure Profit/(Loss)
£ £ £
Kedassia Supervision Limited 3,571,521 3,061,848 509,673

Page 26

(A company limited by guarantee)

UOHC SUPERVISION LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

23. Related party transactions

During the year, the Group received donations totaling £195,500, (2022: £Nil) from The Union of Orthodox Hebrew Congregations, a charity with a common Trustee. During the year, the Group also paid donations totaling £191,600 (2022: £198,120) to The Union of Orthodox Hebrew Congregations.

During the year, the Group also paid donations totaling £45,920 (2022: 33,850) to Trenhill Limited, a charity with a common Trustee.

At the year end the Group owed The Union of Orthodox Hebrew Congregations £90,886 (2022: £120,379).