DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
Registered number: 10633799
Charity number.. 1171869
THE LONDON BOARD FOR SHECHITA
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
CONTENTS
Page
Reference and administrative details of the charity, its Trustees and advisers
Trustees. report
Trustees. responsibilities statement
10
Independent auditor's report on the financial ststements
Statemont of financial activitios
15
Balance sheet
16-17
Statement of cash flows
18
Notes to the flnanclal statements
19-31

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2022
Trustees
Benjamin Mire
Isaac Levy
Russell Kett
Brian Markeson
Company registered
number
10633799
Charity registerod
number
1171869
Registered office
305 Ballards Lane
London
N12 8GB
Company secretary
Avrom Topperman
Chief executive officer
Avrom Topperman
Independent auditor
Blick Rolhenberg Audit LLP
Chartered Accounlanls and Slatulory Auditor
16 Great Queen Street
Covent Garden
London
WC2B SAH
Bankers
National Westminster Bank PIC
City of London offi
PO Box 12258
1 Princes Street
London
EC2R 8BP
Solicitors
Slanmore Law Practice
51153 The Broadway
Middlesex
HA7 4DJ
Investment advisors
Rathbone Investment Management Limited
8 Finsbury Circus
London
EC2M 7AZ
Page 1

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 JUNE 2022
The Trustees present their annual report together with the audited financial statements of The London Board for
Shechila for the year 1 July 2021 to 30 June 2022. 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
haritable company's governing document and the provisions of the Statement of Recommended Practice
ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS1021 leffective 1 January 20191.
Since the charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required of
medium and large companies Ljnder the Companies Act 2006 (Strategic Report and Directors, Report)
Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The objective of the Board is to ensure the provision of kosher meat and poultry for the Jewish community in and
around London, and such other Jewish communities that may wish lo associate themselves with the Board.
The Board shall achieve this by all such measures as may be deemed necessary, including administering and
managing shechita (the Jewish religious, humane method of animal slaughter for food), through training and
employing such staff as are required for shechita procedures, supervision of meal and poultry processing,
sealing, monitoring and certification of these activities, in accordance with the Shulchan Aruch (the Code of
Jewish Lawl and Halacha (Jewish religious and procedural Law following the Code).
The Board's major expense includes Staff costs, sealing materials and general office expenses.
Income to meet this expenditure is derived from shechita fees, shomer recharges and income generated from
the charity's rental investment properties and listed investments.
A licensee whose conditions and li￿nCe require them lo use the services of a full or part-time supervisor
Ishomerl provided by the Board, is recharged by the Board for the cost of such services.
Establishments wishing lo manufacture andlor wholesale andlor retail products under the Board's ￿rtifIcated
supervision, must be licensed annually by the Board and submit themselves lo the jurisdiction of the Board's
Rabbinical Authority.
In protecting the provision of shechila and the supply of Kosher meat and poultry for its beneficiaries, the Board
also budgets for training and educational services and provides a conduit for information passing between
licensees, govemment agencies, ministries and the general public.
The Board is also a major supporting member of the National Council of Shechita Boards of Great Britain, which
is the main national organisalion responsible for the promotion of shechita as a humane method of animal
slaughter for food consumption.
The charity has achieved the aim of enabling the Jewish community lo have access to kosher meat and poultry
that complies with their religious laws, by way of supervision, certification and administration. This is an essential
tenet of Jewish communal life and allows the community lo continue lo function. This contributes towards Britain
as a tolerant and enlightened society, by way of members of the Jewish community being able to practise their
faith in an inclusive manner.
In setting objectives and planning for aclivib'es, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity IPB21'.
Page 2

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
Achievements and performance
a. Licensing
Prior to considering licence renewals for the Hebrew year 5782 (September 2021 to September 20221, members
of the Licensing Committee Ichaired by Dr Lionel Finkelsteinl reviewed all licensed premises by way of a report
prepared by the Chief Executive. Rav Hamachshir and senior inspector providing recommendations regarding
the renewal of the li￿nCe. All 3 regularly spend time at licensed premises and were able to provide
comprehensive feedback to the licensing committee. The committee were able to offer renewal to all licensees.
In addib'on, during this accounting period, the Board was pleased lo consider an application from and
subsequently welcome on board as a licensee, Haydn's Kosher Meats of Manchester.
As at the 30th June 2022, the Board licensed 25 premises Iwth the licences held by 10 individuals), whith
included..
Three poU￿ry abattoirs.,
Two fully Eu-approved factories las well as the 'factory' capacity at some of the licensed shops).,
Eighteen licensed shops in London and licensed shops in Manchester.
In considering whether to grant a licence there are a variety of considerations that are relevant beyond the
suitability of the licensing and the premises. Some of those considerations relate lo protecting the consumer,
some relate to protecting the reputation and integrity of, and public trust in the Board, and some relate to the
need lo ensure sufficient competition in the relevant Kosher markets, whilst not compromising on quality
available to consumers. Understsndably, some of those considerations conflict.
In recent years, with the restructuring and consolidation among butchers, those considerations are potentially
more in conflict now than ever before.
The Board has also become increasingly aware of ils responsibilities under secular competition law which is why
long ago it removed blanket reslriclions when considering applications for new premises that were close to
existing premises.
The Rabbinical Authority is asked for Halachic guidance on each application. Consideration is given lo the
Report of SLG Economics Ltd Icommissioned to conduct a review of competition issues in the licensing,
wholesaling and retailing of Kosher meatl, when determining licence applications, following the submission of
this confidential expert report through the Board's solicitors in March 2013.
b. The Trade and Consumers
The Board maintains a close working relationship with the trade. Apart from contact with individual licensees, the
Iruslees invite representatives of the trade to quarterly board meetings, with an open agenda.
The Consumer Affairs Committee Ichaired by Seth Belsonl continues to promote the Board's brand and image
and develop marketing initiatives and communications lo counter widely held perceptions, often expressed in
some Jewish media about the price of Kosher meal and poultry.
The Board continued to invite trade representatives lo deliver a routine report on the current stale of the market
at each quarterly meeting.
Page 3

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
Achievements and performance Icontinuedl
. Shechita Defence
The defence of shechita is led through the National Council of Shechila Boards, of which the London Board is a
significant financial contributor. Financial contributions assist in funding the work of Shechila UK, a Public Affairs
Consultancy engaged by the National Council and the Board of Deputies, which undertakes work necessary in
the realm of shechila defence, both as regards media relations and the promotion and defence of shechita at
government level. Regular updates on the work of Shechita UK are distributed to interested parties by the Board.
d. Rabbinical Authority
The Board thanks the members of the Rabbinical Authority", Dayan M Gelley of the United Synagogue and Dayan
A David of the Spanish & Portuguese Community for sharing their considerable kn￿edge and lime that they
have freely given to its work.
e. Stsffing
The Board currently employs 24 staff. There were no additional recruits to the Board during the current
accounting year but one compulsory redundancy took place.
Both recent senior appointments of Rav Hamachshir. Rabbi Binyomin Goldblatt and Cattle l Lamb team leader,
Rabbi Avrohom Weisfish have settled in well and are making significant improvements to standards.
The Chief Executive, Rav Hamachshir Isenior Rabbinic Supervisor) and Senior Inspector comprise the key
management personnel of the charity and are in charge of directing and controlling, running and operating the
charity on a day-to-day basis.
The Chief Executive continues to monitor the staffing levels against any movement in volumes slaLJghtered and
the fluctuating needs of ils licensees, including abattoirs and factories under its supervision. He liaises closely
with the Rabbinical Authority on their staffing requirements, to ensure standards of Kashrut are maintained.
The Board thanks ils staff for their work for the benefit of the community al locations, with working hours and
conditions, that few members of the community would themselves be willing to work.
All trustees give of their time freely and none of the trustees lor any persons connected with them) received any
remuneration or benefits from the charity during the period. No Iruslees were reimbursed for expenses during
the year.
In view of the nature of the charity, the trLJStees benchmark pay levels against other communal charities of a
similar size. Particular regard is made when determining salary policy lo the scarcity of available labour in an
extremely specialised field.
Page 4

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
Achievements and performance Icontinuedl
f. Investment policy and perfomian¢e
Benjamin Mire, one of the Board's Trustee5 continues to support the Chief Executive and his assistant, in the
management of the Board's investment properties. Recently appointed management agents, KMP, have proven
lo be pro-active in their work and there has been continued progress in rent reviews, lease renewals, new
lettings and the redevelopment of empty properties to make them more marketable and letlable.
Off the back of the COVID pandemic the Board saw the value of listed investments fluctuate in 2020121.
Following a period of recovery early in the accounting year, the war in Ukraine impacted adversely on the listed
investments. It is anticipated that the value of those investments, will in due course, recover.
Throughout the period there has been some expenditure on investment properties in accordance with advice
from the charity's managing agents. In addition, professional fees have been incurred with the charity's property
solicitors and managing agents.
Financial review
a. Review of current year performance
The board is a registered charity and non-profit making entity and it budgets for a modest surplus to enable il to
operate with financial stability.
For the 12 month period ended 30th June 2022, the results show a deficit of income resources over resources
expended of £403.022 12021.. £288,053). However, this includes nel losses on investments of £31,316 12021..
gain of £83.2981. The investment propert￿ was independently valued during the year and has a value of
£5,460,000 12021.. £5,540,000). An impairment loss of £80,00012021." £NIll has been recognised in the current
year in respect of this.
Total expenditure during the year was £2,635,745 12021.. £2,745,633) of which £2,541,847 12021.. £2,657,400)
was spent on the provision and administration of shechita, and the balance on investment, management and
governance costs. This included a grant of £36,000 12021". £36,000), awarded to the National Council of
Shechila Boards of Great Britain towards the protection and administration of shechita in the UK and EU.
The Trustees remain confident that the Board remains a going concern despite its expenditure exceeding its
direct income having regard to..
its investments
its ongoing review of expenditure and the progress that has been made over the last 12 months in
reducing the same on an ongoing basis.
The FinanTr Committee (chaired by Laurence Golendl has continued its sophisticated role in advising and
assisting the Honorary Treasurer, by regularly reviewing the Board's finances al its committee meetings.
b. Reserves policy
The Board has reviewed and maintained ils financial policy over recent years, whereby the unrestricted funds not
ommitted to or invested in tangible or fixed assets or designated for other specific purposes (the 'free reserves'l
held by the charity, should be four months of the wage and salary costs. this equates lo £725,465 in general
funds. The free reserves at 30th June 2022 amount to £6,889,93412021.. £6,486,912).
Page 5

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
. Investment policy
It is the FX)licy of the Iruslees to invest surplus funds in suitable investments, in order to maximise returns to the
harity. The charity holds an investments portfolio wth Ralhbones Investment Managers and has three income
generating investment properties.
d. Risk factors
The trustees continue to assess the risks lo which the Board is exposed, in particular, those related to the
operations and finances of the Board, and are satisfied that systems are in place to mitigate the Board's
exposure lo risks.
e. Risk management
The trustees have a risk management strategy, which comprises..
An annual review of the principal risks and uncertainties that the charity faces, by updating a detailed risk
register.,
The establishment of policies, systems and procedures lo mitigate those risks as identifi'ed in the annual
review, by discussing these al regular Iruslee meetings that are held al least every month., and
The implementation of procedures designed lo minimise and manage any potential impact on the charity,
should those risks malerialise.
This work has identified that there are a number of significant operational and financial risks that might impact
the sustainability of the charity. Some of these risks are Identified elsewhere In this report, for example licensee-
retention,. potential loss of an aballoir., and a change in legislative policy on the practi￿ of shechila.
A key element in the management of financial risk is a regular review of available liquid funds, to settle liabilities
and debts as they fall due. This risk is mitigated by way of regular liaison with the bank, active management of
trade debtors and creditor balan￿s, and the monitoring of reserve funds to ensure adequate working capital is
available to the charity.
Attention has also been focused on operational and financial risks associated with the potential loss of an
abattoir. Regular communications with abattoirs currently in use and establishing relationships with potential new
abattoirs in conducting trial shechilas there redU￿S this risk.
Structure. governance and management
a. Constitution
On advice from the Board's specialist charity solicitors, steps were taken in February 2017 to convert the legal
slalus of the Board from an unincorporated charity lo a charitable company limited by guarantee. A members,
consultation committee Iwilh delegates from each parent body) was consulted on draft articles and the
charity incorporated formally at Companies House on 22nd February 2017 and registered with the Charity
Commission on 2nd March 2017 following approval of the articles by the members.
On 1 July 2019 the assets and liabilities of the unincorporated charity, then known as London Board for Shechila
Icharity no. 2334671, were transferred to The London Board for Shechila charitable company registered with
Companies House Iregislered no. 106337991 and with the Charity Commission for England and Wales
Iregistered charity no. 11718691.
The London Board for Shechita is a charitable company limited by guarantee, governed by ils Memorandum and
Articles of Association dated 22 February 2017 as amended 16 April 2019.
Page 6

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
Structurej governance and management Icontinuedl
a. Constitution {¢ontinued)
On 24th April 2020 the Federab'on of Synagogues fomially ceased its involvement as a Parent Body of the
Board,. all 3 Parent Bodies have reached agreement as to the terms of that exil. As a result of that, the Board is
now made up of 15 members who are nominated by the remaining two parent bodies
the Spanish &
Portuguese Jews, Congregation and the United Synagogue.
During the current accounting period, Isaac Levy remained President of the Board. Benjamin Mire and Russell
Kett remained Vice-Presidenls and Brian Markeson as Hon Treasurer.
b. Methods of appointment or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Memorandum of Association.
. Publi¢ benefit statement
In setting objectives and planning for aclivib'es, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity IPB21'.
The sections of this reFlOrt above, entitled. 'Objectives and activities,, 'Slruclure, governance and management,,
and 'Achievements and performance. set out the objectives of The London Board for Shechila, and reports on
the activities and successes in the accounting period to the 30th June 2022, as well as explaining the plans for
2023.
The Board has a simple purpose, lo be responsible for the administration of the affairs of shechita for the
London Jewish community, and such other communib.es as may wish to associate themselves with the Board.
The Board itself does not deal in meal and poultry, bLJt seeks lo offer reliable shechila services at high standards
of kashrLJt, and as cosl*ffectively and efficienlly as possible, to the consumers of Kosher meat and poultry.
It seeks to reinvest any surpluses and other income, in keeping its fees as low as possible and improving its
services.
The support of the Board's licensees, staff and parent bodies is vital in enabling the Board lo deliver ils
objectives, as is their appreciation that public benefit musl override their individual interests.
The Trustees have considered this matter, and concluded'.-
The aims of the Board continue to be charitable.,
That the aims and the work carried out give identifiable benefits lo the charitable sector, and both
Indirectly and direclly lo individuals in need.,
That the benefits are for the public, are not unreasonably restricted in any way, and certainly not by ability
lo pay.,
That there is no detriment or harm arising from the aims or activitie5.
d. Members of the Board
The role of the members is to promote the objective of the Board, and in so doing advise the Iruslees about the
work of the Board and Ils policies, support the Iruslees In furthering the objective and assist the trustees with the
monitoring and development of the Board, the members and the trustees.
Page 7

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
Plans for future periods
The Strategic Review of 2018 noted the re-adoplion by the Iruslees of a strategy which identified three broad
objectives for the Board'.-
To secure the supply of Kosher meal and poultry,.
At the lowest possible cost",
At a high standard of Kashrus (dietary laws).
Following consideration by the Board and consLJltalion with the trade, this strategy has guided the Board's work.
However, each of the principles can sometimes work as opposing forces to one another. Indeed, the Strategy
Committee Identified the fact that the Board is the only organisalion in the world that supplies shechila servi￿$
alone, without linkage lo the provision of other kashrut operations, and that any 'stand-alone' shechila operation
cannot, of itself, produce surplus funds from ils operations alone.
As part of the strategy, the trustees seek to involve all Board members in its work. This has involved the
continued liaison with SLJb-committees, known as the Finance Committee, the Licensing Committee and the
Consumer Affairs Committee.
The UK'S departLJre from the European Union, alongside the war in Ukraine created fLJrther Cause for concern on
the basis that some of the Board's licensees both import from and export to EU countries. Increased costs of
transport together with limitations on product available from Poland means that additional capacity for the
shechila of UK beef is required.
Trustees
The Iruslees are responsible to the members for their general control and management of the administration of
the Board, and lo develop and implement its policies.
The positions of President and Vice President rotate triennially as nominated by the parent bodies.
These three members, together with an Honorary Treasurer, elected by the Board al the outset of the triennial,
are the trustees.
Each parent body shall each select lfrom among the members il has elecledl for appointment by rotation, a
President and two Vice Presidents, provided always that such selections are subject lo the approval of the
members by resolution. If a trustee or member is newly appointed and has not served previously, then the Chief
Executive, with other experienced trustees, guides the new appointee through an induction process, in which a
full explanation and training is given in the Board's operations, activities and their new constitutional and statutory
responsibilities.
The trustees meet al least monthly, to discuss the management accounts and ensure that the affairs of the
Board are properly conducted.
The day-lo-day running of the Board is through the Chief Executive, who is the secretary to the Board.
The following served as trustees, and also as directors for the purposes of company law, during the period and
up lo the dale of signature of the financial statements..
Isaac Levy
Benjamin Mire
Russell Kett
Brian Markeson
Page 8

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
Disclosure of infomiation to auditor
Each of the persons who are Trustees al the time when this Trustees, report is approved has confirmed that..
so far as that Trustee is aware, there is no relevant audit information of which the charitys auditor is
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity's auditor is aware of that information.
Auditor
The auditors, Blick Rothenberg Audit LLP, have indicated their wllingness to continue in office. The designated
Trustees will propose a motion reapF)ointing the auditor al a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behalf by".
ISAAC LEVY
ITrusleel
Dale.. 29-Mar-23 1 04..19 PDT
Page 9

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2022
The Trustees (who are also the directors of the charity for the purposes of company lawl 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 Accounb'ng Practicel.
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees musl not approve the financial statements unless they are satisfied that they give a true and fair
view of the slate of affairs of the charity and of ils Incoming resources and application of resources, including ils
income and expenditure, for that period. In preparing these financial statements. the Trustees are required to..
select suitable accounting policies and then apply them consislenlly.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgements and accounting estimates that are reasonable and prudent.,
state whether applicable UK Aeeounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial ststemenls",
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charity's transactions and disclose with reasonable accuracy at any lime the fi'nancial position of the charity
and enable them lo ensure that the financial ststemenls comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Page 10

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE LONDON BOARD FOR SHECHITA
FOR THE YEAR ENDED 30 JUNE 2022
Opinion
We have audited the financial statements of The London Board For Shechila Ilhe 'charity'l for the year ended 30
June 2022 which comprise the statement of financial activities, the balan￿ sheet, the 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 Stsndards, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, Iunited Kingdom Generally Accepted Accounting Practice}.
In our opinion the financial slalements..
give a true and fair view of the slate of the charitable company's affairs as at 30 June 2022 and of ils
incoming resources and application of resources, including ils income and expenditure for the year then
ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo 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 lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slalements, 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 charitable company's ability lo
continue as a going concern for a period of al least ￿e1ve months from when the financial statements are
aulhorised for issue.
Our responsibilities and the responsibilities of the Trustees wth respect lo going con￿rn are described in the
relevant sections of this report.
Page11

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE LONDON BOARD FOR SHECHITA
ICONTINUED}
FOR THE YEAR ENDED 30 JUNE 2022
Other information
The other information comprises the information included in the annual report other than the financial ststemenls
and our auditor's report Ihereon. The Trustees are responsible for the other information contained within the
annual report. Our opinion on the fi'nancial statements does not cover the other information and, except lo the
extent othemise explicitly slated in our report, we do not express any form of assurance conclusion thereon. Our
responsibility is lo read the other information and, in doing so, consider whether the other information is
materially inconsistent with the financial stslemenls or our knowledge obtained in the course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misslatemenls, we are required to determine whether this gives rise to a material misststemenl in the financial
statements themselves. If, based on the work we have performed, we conclude that there is a material
misslatemenl of this other information, we are required to report that fact.
We have nothing lo report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, report for the financial year for which the financial statements are
prepared is consistent with the fi'nancial slalements.
the Trustees, report has been prepared in accordan￿ with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of our knowledge and understsnding of the charitsble company and its environment obtsined in the
course of the audit, we have not identified material misstatements in the Trustees, report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us lo report to you if, in our opinion..
adequate accounting records have not been kept, or retums adequate for our audit have not been
received from branches not visited by us", or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance wth the small companies
regime and tske advantage of the small companies, exemptions in preparing the Trustees, report and
from the requirement lo prepare a Strategic report.
Page 12

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE LONDON BOARD FOR SHECHITA
ICONTINUED}
FOR THE YEAR ENDED 30 JUNE 2022
Responsibilities of trustees
As explained more fully in the trustees, responsibilities slalement, the Trustees (who are also the directors of the
charitable company for the purposes of company lawl 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 lo enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial slatemenls, the Trustees are responsible for assessing the charitable company's ability
lo continue as a going concern, disclosing, as applicable, mallers related to going concern and using the going
concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative bul to do so.
Auditorfs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial ststemenls as a whole are free
from material misstatement, whether due to fraud or error, and lo issue an auditor's 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 IUKI will always detect a material misslatemenl 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 lo influence the economic decisions of users taken on the basis of these financial slatemenls.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, lo delecl material misstalemenls in respect of irregularities,
including fraud. The extent to which our procedures are capable of delecling irregularities, including fraud is
detailed below..
the engagement partner ensured that the engagement team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance wth applicable laws and regulations.,
we identified the laws and regulations applicable to the company through discussions with directors and
other management, and from our commercial knowledge and experience of the charities sector",
we focused on specific laws and regulations which we considered may have a direct material effect on the
financial ststemenls or the operations of the company, including the Companies Act 2006, Charities Act
2011, laxalion legislation and data protection, anli-bribery, employment and health and safely legislation.,
we assessed the exlenl of compliance with the laws and regulations identified above through making
enquiries of management., and
identified laws and regulations were communicated wrfchin the audit team regularly and the team remained
alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the company's financial statements to material misstatement, including
obtaining an understanding of how fraud might occur, by..
making enquiries of management as lo where they considered there was susceptibility to fraud, their
knowledge of actual. suspected and alleged fraud., and
considering the internal controls in pla￿ lo miligale risks of fraud and non-compliance wf(h laws and
regulations.
Page 13

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE LONDON BOARD FOR SHECHITA
ICONTINUED}
FOR THE YEAR ENDED 30 JUNE 2022
Auditorfs responsibilities for the audit of the financial statements Icontinuedl
To address the risk of fraud through management bias and override of controls, we..
performed analytical procedures lo Identify any unusual or unexpected relationships.,
tested a sample of journal entries lo identify unusual transactions.,
assessed whether judgements and assumptions made in determining the accounting eslimales were
indicative of potential bias", and
investigated the rationale behind significant or unusual Iransaclions.
In response to the risk of irregularities and non-eompliance with laws and regulations, we designed procedures
which included, but were not limited lo".
agreeing financial statement disclosures to underlying supporting documentation.,
reading the minutes of meetings of those charged with governance.,
enquiring of management as to actual and potential liligalion and claims., and
reviewing correspondence wth HM Revenue and Customs.
There are inherent limitations in our audit procedures described above. The more removed that laws and
regulations are from financial Iransaclions, the less likely il is that we would become aware of non-compliance.
Auditing standards also limit the audit procedures required lo identify non-compliance with laws and regulations
lo enquiry of the directors and other management and the inspection of regulatory and legal corresponden￿, if
any.
Material misstalemenls that arise due lo fraud can be harder lo delecl than those that arise from error as they
may involve deliberate Gon￿alment or collusion.
A further description of our responsibilities for the audit of the financial slalements is located on the Financial
Reporting Council's website al.. www.frc.or
.uklauditorsres
onsibililies. This description forms part of our
auditor's report.
Use of our report
This report is made solely lo the charitsble company's trustees, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable
company's trustees those mallers we are required lo slate lo them in an auditor's 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 ils members, as a body, for our audit work, for this report, or for the opinions we
have formed.
Russell Tenzer FCA (senior statutory auditor}
for and on behalf of
Blick Rothenberg Audit LLP
Chartered Accountants and Statutory Auditor
stalulory Auditor
16 Great Queen Street
Covenl Garden
London
WC2B SAH
Dale.. 30031023
Page 14

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 30 JUNE 2022
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Charitable activities
Investments
2,008.860
335.179
2,008.860
335.179
2,047,784
326,498
Total income
2,344,039
2,344,039
2,374,282
Expenditure on:
Raising funds
Provision and adminislralion of Shechita
93.898
2,541,847
93,898
2,541,847
88,233
2,657,400
Totsl expenditure
2,635.745
2,635.745
2,745,633
Net expendlture before net {lossesllgalns on
Investments
Nel Ilossesllgains on investments
Net movement in funds before other recognised
gainslllosses)
{291,7061
131,3161
{291,7061
131,3161
1371,3511
83,298
{323.0221
{323.0221
1288,0531
Other recognised gainsl{lossesl'.
Losses on revaluation of investment policy
13
180.0001
180.0001
Net movement in funds
{403,0221
{403,0221
1288,0531
Reeoneiliation of funds-.
Total funds brought forward
Nel movement in funds
6,889,934
{403.0221
6,889,934
{403.0221
7,177,987
1288,0531
Total funds carried forward
6,486,912
6,486,912
6,889,934
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 19 to 31 form part of these financial statements.
Page 15

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
REGISTERED NUMBER.. 10633799
THE LONDON BOARD FOR SHECHITA
IA Company limited by guarantee)
BALANCE SHEET
FOR THE YEAR ENDED 30 JUNE 2022
2022
2021
Note
Fixed assets
Investment property
13
5.460.000
5,540,000
5,460,000
5,540,000
Current assets
Debtors
Investments
Cash al bank and in hand
14
15
372.618
633,912
192,063
358,683
654,600
475,239
1.198,593
1,488,522
Creditors.. amounts falling due within one
year
16
1171,681)
1138,5881
Net current assets
1,026,912
1,349,934
Totsl assets less current liabilities
6,486.912
6,889,934
Total net assets
6.486.912
6,889,934
Charity funds
Reslricled funds
Unrestricted funds
Designated funds
General funds
17
5,460,000
1.026.912
6,540,000
1,349,934
17
Total unrestricted funds
17
6,486.912
6,889,934
Total funds
6,486,912
6,889,934
Page 16

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
BALANCE SHEET ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2022
The entity was entitled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity lo obtsin an audit for the year in question in accordan￿ with section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 144 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect lo
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject lo
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and signed on their behalf by..
Do¢US￿ne4 by.
ISAAC LEVY
2qBDA64754Ca.
B4318D2364054C3 .
Brian Markeson
(Trusteel
Isaac Levy
ITrusleel
Dale.. 29-Mar-23 1 04..19 PDT
The notes on pages 19 to 31 form part of these financial statements.
Page 17

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2022
2022
2021
Note
Cash flows from operating activities
Nel cash used in operating activities
19
1607.727}
1835,4471
Cash flows from investing activities
Dividends, interests and rents from investments
324.551
318,715
Net cash provided by investing activities
324,551
318.715
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
1283,176}
{516.7321
475,239
991,971
Cash and cash equivalents at the end of the year
20
192.063
475,239
The notes on pages 19 to 31 form part of these financial statements
Page 18

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
General information
The London Board for She¢hila is a private Company limited by guarantee incorporated in England and
Wales. The address of ils registered office is 305 Ballards Lane, London, United Kingdom, N12 8GB. The
charity is registered with the Charity Commission for England and Wales Icharity no. 11718691.
In the event of the charity being wound up, the member's liability in respect of the guarantee is limited to
£1 per member of the charity.
The financial statements are presented in Sterling 1£), which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.
Accounting policies
2.1 Basls of preparatlon of flnanclal statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
The London Board For Shechita 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 ststed in
the relevant accounting policy.
2.2 Golng concern
After making enquiries, the trustees have a reasonable expectation that the charitable company has
adequate resources lo continue in operab'onal existence and meet its liabilities as they fall due for the
foreseeable future, being a period of at least twelve months from the date these financial statements
were approved. Accordingly, they continue to adopt the going concem basis in preparing the financial
ststemenls.
2.3 Income
All income is recognised once the charity 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 from charitable activities relate to Shechits and Shomer fees from licensees and are
recognised on a receiveable basis.
Rentsl income from the investment properties held is recognised on an accruals basis in accordance
with the rental agreement.
Investment income is recognised on an accruals basis as and when notified by the fund manager.
Page 19

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting policies Icontinuedl
2.4 Expenditure
Expenditure 15 recognised once there is a legal or conslru¢live obligation to transfer economic benefit
to a third paty, it is probable that a transfer of e¢onomi¢ benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, Including support costs
involved in undertaking each activity. Dire¢l costs atlributsble lo a single a¢livity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not atlributsble lo a single a¢livity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the charity to raise funds for ils
charitable purposes and includes costs of all fundraising activib.es events and costs of managing the
company's investments.
Expenditure on charitable activities is incurred on direcuy undertaking the activities which further the
charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Investment property
Investment property, which is propety held to earn rentals andlor capital appreciation, is initially
recognised at cost. which includes the purchase cost and any dire¢lly attributable expenditure.
Subsequently il is measured at fair value at the reporting end dale. The surplus or deficit on
revaluation is re¢ognised in the stslement of financial activities. The gain or loss on the sale of
investment properties, which represents proceeds less the Carrying value, are recognised in the
statement of financial activitie5.
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity., this is normally upon notification of the interest paid or payable by the institution
th whom the funds are deposited.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised and recognised when future economic benefits are probable
and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised al cost. After recognition, under the cost model. tangible
fixed assets are measured al cost less a¢cumulaled depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to all(Kate the cost of tangible fixed assets less their residual value
over their estimated useful lives.
Depreciation is provided on the following bases..
Leasehold improvements
Fixtures and fittings
over life of lease
20,￿ straight line
Page 20

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting policies Icontinuedl
2.8 Financial instruments
The charity has elected to apply Sections 11 and 12 of FRS 102 in respect of financial instruments.
Financial assets and financial liabilities are recognised when the charity becomes paty to the
contractual provisions of the instrument.
Financial liabilities are classified according to the substance of the contractual arrangements entered
into.
The charity's policies for ils major dasses of financial assets and financial liabilities are set out below.
Financial assets
Basic financial assets, including trade and other debtors and cash and bank balances are initially
recognised al Iransa¢lion price, unless the arrangement conslitules a financing Iransaclion, where
the transaction is measured al the present value of the future reTripts discounted at a market rate of
interest for a similar debt Instrument. Financing transactions are those in which payment is deferred
beyond normal business terms or is financed at a rate of interest that is not a market rate.
Such assets are subsequently carried at amortised cost using the effective interest method, less any
impairment.
Financial liabilities
Basic financial liabilities, including trade and other Creditors are initially recognised al transaction
priTr, unless the arrangement constitutes a financing Iransaclion, where the debt instrument is
measured al the present value of the future payments discounted at a market rale of interest for a
similar debt instrument. Financing transactions are those in which payment is deferred beyond
normal business terms or is financed at a rate of interest that is not a market rate.
Debt instruments are subsequently carried at amortlsed cost, using the effective interest rate method.
Impairment of financial assets
Financial assets measured al cost and amortised cost are assessed at the end of each reporting
period for objective evidence of impairment. If obje¢live evidence of impairment is found, an
impairment loss is recognised in the profit and loss account.
For financial assets measured al cost less impairment, the impairment loss is measured as the
difference be￿een the asset's carying amount and the best estimate of the amount the company
would receive for the asset if il were to be sold al the reporting date.
For financial assets measured at amortised cost, the impairment loss is measured as the difference
belween the asset's carrying amount and the present value of estimated cash flows discounted al the
asset's original effective interest rate. If the financial asset has a variable interest rate, the discount
rale for measuring any Impairment loss is the current effecb.ve Interest rate determined under the
contract.
If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carying amount does
not exceed what the carrying amount would have been had the Impairment not previously been
recognised. The impairment reversal is re¢ognised in profit or loss.
Page 21

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting policies Icontinuedl
Financial instruments {continued)
Derecognition of financial assets and financial liabilities
Financial assets are derecognised when (al the contractual rights to the cash flows from the asset
expire or are sellled, or Ibl substantially all the risks and rewards of the ownership of the asset are
transferred lo another paty or (¢1 despite having retained some significant risks and rewards of
ownership, control of the asset has been transferred to another party who has the practical ability to
unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities are dere¢ognised when the liability is extinguished, that is when the conlraclual
obligation is discharged, cancelled or expires.
Offsetting of financial assets and financial liabilities
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 lo settle on a
net basis or to realise the asset and settle the liabilty simultaneously.
2.9 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.
2.10 Pensions
The charity operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the charity lo the fund in respect of the year.
2.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's
services are received.
Termination benefits are re¢ognised immediately as an expense when the charity is demonstrably
committed to lerminale the employment of an employee or to provide lerminalion benefits.
2.12 Fund accounting
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have not been designated for other
purposes.
Designated ftjnds comprise unreslri¢led funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes lo the financial
statements.
Investment income, gains and losses are allocated to the unrestricted general funds. Revaluations on
investment propety are allocated to the designated fund.
Page 22

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Income from charitable activities
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Shechita and shomer fees
2,008,860
2.008.860
2,047,784
Investrnent income
Unrestricted
funds
2022
Total
funds
2022
Total
fLJnds
2021
Rental income
Income from listed investments
Interest receivable
319,498
15,603
78
319,498
15,603
78
314,261
12,156
81
335,179
335,179
326,498
Raising funds
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Investment management costs
Expenses on investment properties
Bad debt expense
4,975
85,974
2,949
4,975
85,974
2.949
4,373
83,860
93,898
93,898
88,233
The bad debt expense relates to the write off and provision of tenants, arrears.
Page 23

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysis of expenditure on charitsble activities
Summary by fund type
Unrestricted
funds
2022
Total
2022
Total
2021
Shechita and shomer ServI￿S
2,541,847
2.541.847
2,657,400
Analysis of expenditure by activities
Activities
undertaken
directly
2022
Grant
funding of
activities
Total
funds
2022
Total
fLJnds
2021
2022
Shechita and shomer fees
2,500,847
41,000
2.541,847
2,657,400
Total 2021
2,617,150
40,250
2,657,400
Analysis of direct costs
Shechita
and shomer
fees
2022
Total
funds
2022
Total
funds
2021
Staff costs
2,176,394
41,223
55,372
36,347
101,294
37,013
37,843
15,361
2,176,394
41,223
55.372
36,347
101,294
37,013
37.843
15,361
2,340,244
35,691
54,586
23,000
92,150
30,347
28,192
12,940
Materials
Travelling
Insuran
Professional fees
Rents and rates
other costs
Governance costs
2,500,847
2,500,847
2,617, 150
Governance costs includes audit fees of £12,50012021.' £11,000) excluding VAT.
Page 24

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysis of grants
Grants to
Institutions
2022
Total
funds
2022
Total
funds
2021
Grants
41,000
41.000
40,250
Total 2021
40,250
40,250
The charity has made the following material grants to institutions during the year..
2022
2021
Name of institution
National Council of Shechita Boards of Great Britain
Other grants lo institutions of less than £4,000 each
36.000
5,000
36,000
4,250
41,000
40,250
Auditorfs remuneration
2022
2021
Fees payable lo the charity's auditor for the audit of the charity's annual
accounts
12,500
11,000
Fees payable lo the charity's auditor in respect of..
All non-audil services not included above
363
863
10. Staff costs
2022
2021
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
1.943,978
158,372
74,044
2,117,631
183,287
39,326
2.176.394
2,340,244
Included within wages and salaries are redundancy payments of £33,308 12021." £157,455) to staff
members.
Page 25

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
10. Stsff costs {continued)
The average number of persons employed by the charity during the year was as follows..
2022
No.
2021
No.
Management and administration
Shechila and associated stsff
21
26
24
30
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2022
No.
2021
No.
In the band £60,001- £70,000
In the band £80,001- £90,000
In the band £90,001 - £100,000
In the band £220,001- £230,000
Remuneration and benefits received by key management personnel during the year amounted lo £94,806
12021.. £93,752).
11.
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefils12021 £NILI.
During the year, no Trustee expenses have been incurred12021 £NILI.
Page 26

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
12.
Tangible fixed assets
Leasehold Fixtures and
improvements
fittings
Total
Cost
At 1 July 2021
53,132
16.408
69.540
At 30 June 2022
53,132
16,408
69,540
Depreciation
At 1 July 2021
53,132
16.408
69.540
At 30 June 2022
53.132
16.408
69.540
Net book value
At 30 June 2022
At 30 June 2021
13. Investment property
Freehold
investment
property
Valuation
At 1 July 2021
Loss on revaluation
5,540.000
180.0001
At 30 June 2022
5,460,000
The freehold investment properties were valued at £5,460,000 as al 30 June 2022 by an independent third
paty. The valuations were carried out by an RICS qualified surveyor on an open market, existing use
basis.
Page 27

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
14.
Debtors
2022
2021
Due within one year
Trade debtors
other debtors
Prepayments and accrued income
298,490
74.128
256,223
81,691
20,769
372,618
358,683
15.
Current asset investments
2022
2021
Listed investments
633,912
654,600
16.
Creditors: Amounts falling due within one year
2022
2021
Trade c￿dItorS
56,134
43,053
31,126
53,106
Other laxalion and social security
other creditors
Accruals and deferred income
70,554
54,356
171,681
138,588
2022
2021
Deferred income
56,521
40,323
Deferred income relates to rent received in advance.
Page 28

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
17.
ststement offunds
ststement offunds- currentyear
Balance at
30 June
2022
Balance at 1
July 2021
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
Designated funds
Designated funds
5,540,000
180,000} 5,460,000
General funds
General funds
1.349.934
2.344.039 12.635.745)
131.316} 1.026.912
Total Unrestricted funds
6,889,934
2,344,039 I2,635,7451 1111,316> 6,486,912
The designated fund is equal lo the value of the investment properties held by the charity. These
amounts have been shown as designated funds as il is the charity's current intention not to use any
proceeds from any sale of investment properties lo fund the day-lo-day activities of the charity.
statement of funds - prior year
Balance at
30 June
2021
Balance al
1 July 2020
Gainsl
(Losses)
Income Expenditure
Unrestricted funds
Designated funds
Designated funds
5,540,000
5,540,000
General funds
General funds
1,637,987
2,374,282
12,745,633)
83,298
1,349,934
Totsl Unrestricted funds
7,177,987
2,374,282 12,745,633)
83,298
6,889,934
The designated fund is equal to the value of the investment properties held by the charity. These
amounts have been shown as designated funds as il is the charity's current intention not to use any
proceeds from any sale of investment properties to fund the day-to-day activities of the charity.
Page 29

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
18.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted
funds
2022
Total
funds
2022
Investment property
Current assets
Creditors due within one year
5,460,000
1,198,593
1171,6811
5,460,000
1.198.593
{171.6811
Totsl
6,486,912
6,486,912
Analysis of net assets betsveen funds - prior year
Unreslricled
funds
2021
Total
funds
2021
Investment propety
Current assets
5,540,000
5,540,000
1,488,522
1,488,522
1138,5881 1138,5881
Creditors due within one year
Total
6,889,934
6,889,934
19.
Reconciliation of net movement in funds to net cash flow from operating activities
2022
2021
Nel expenditure for the year las per Slalement of Financial Activities}
1323.022}
1288,0531
Adjustments for-
Lossesllgainsl on investments
Dividends, interests and rents from investments
Increase in debtors
Increaselldecreasel in creditors
Increasellde¢reasel in deferred income
31,316
1335.179}
{13,935}
16,895
16,198
183,2981
1326,4981
176,6311
138,0871
122,8801
Net cash used in operating activities
1607.727}
1835,4471
Page 30

DoGuSvJn Envelope ID". COB52469-9631.4D72.89D2.OEFD96B69524
THE LONDON BOARD FOR SHECHITA
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
20.
Analysis of cash and cash equivalents
2022
2021
Cash in hand
192,063
475,239
21.
Analysis of change$ in net debt
At 1 July
2021 Cash flows
At 30 June
2022
Cash at bank and in hand
Liquid investments
475,239
654,600
1283,176)
(20,688)
192,063
633,912
1.129,839
1303.864}
825.975
22.
Pension commitments
The charity opeffttes a defined contribution pension scheme. The assets of the scheme are held
separately from those of the charity in independent administered funds. The pension cost charge
represents contributions payable by the charity to the funds and amounted to £74,04412021". £39,326). No
contributions were payable to the funds at the balance sheet dale12021." £Nill.
23.
Operating lease commitments
At 30 June 2022 the charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows".
2022
2021
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 years
23.000
92,000
28,750
28,165
92,000
51,750
143,750
171,915
24. Related party transactlons
During the year, the charity paid a grant of £36,000 12021". £36,000) to the National Council of Shechila
Boards of Great Britsin, a charitable organisation with one common trustee.
Page 31