Charlty registration number 1187505 HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2021
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION TnMtees Michael Freedman (Appointed 20 January 20201 (Appointed 20 January 20201 (Appointed 20 January 20201 Y Sonnenberg J Scharfer Charty numb•r 1187505 Audltor Harold Everett ef0rd LLP Chartered accountsnls & statutory auditor 2nd Floor 38 Warn Street London W1T6AE
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) CONTENTS Paqe Trustees, report Independent audilorfs report Statement of finan¢ial actsvits'es Balance sheet Statement of cash flow5 Notes lo the financial statements 10-17
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES, REPORT FOR THE PERIOD ENDED 30 JUNE 2021 The trustees present their annyal report and ffinan¢ial statements for the period ended 30 June 2021. The financial statements have been prepared in accordance wth the acccsunting policies set ovl in note 1 to the financial slalemenls and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities.. Ststement of Recommended Praelice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (October 20191. ObJ&ctlvo$ and a¢vItIeS The objectives of the CIO are to piovide facilities for the adv8n¢ement of the orthodox Jewsh faith by the provision of Kosher Food, facilitieo, care and amenities to Jewsh patients in hospitals or other sick, poor or convalesang people. The objective is achieved by delivering kosher food to hospitals and other in5tilulions throughout Greater London. The TrLStees' strategy is to raise funds from the Jewish community lo suppleme.nt the amounts received from hosprt8ls in payment for meals. The Trustees measure their succe55 In fulfilling the Charity's objective5 by monitoring patients, $atisfa¢tion wlh the food supplied and hospitals, sats'sfaction wth the service provided. On 1st July 2020 the charty beyan its activities by accepting a transfer of all the activities, assets and liabilities previousjy held by Hospital Kosher Meals Service TnJ5t (Registered Charity number 10256011 which ceased lo operate on th31 dale. The tru51ees have paid due regard to guidance issued by the Charity Commission in deciding activities the charity Should undertake. Public Bèn8fft The tfU51ees have paid due regard to the public benefit guidance issued by the Charity Commission in deciding the allocation of funds. Achlevements and perfornian¢• The CIO provides Kosher meals to sick and needy Jewsh persons, mainly those hospitalised. Financial review The CIO operates from a sound financial base. At the year end, free reserves held by the Chanty amounted to £271,605. It is the policy of the charity that unrestricted funds which have not been designated for a specffic use should be maintained at a level to meet annual provision of mea15 and services for the foreseeable future. The trustees consider that reserves al this level will ensure that, in the event of a significant drop In funding, they will be able to continue the charity's Current activities vthile consideration is given lo ways in which additional funds may be raised. This Itvel of re5eTves has been maintained throughout the period. Prlnclpal fvndlng sources The charity again organised direct mail appeals. Together wth the sale of rneals to hospitals and other ins1ilutson5 these activities provided the funds needed to carry out the Service's charitable activities.
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES REPORT (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2021 Rlsk review The Trustees have examined the major strategic business and operational risks which the charity faces and confirrn that systems have been estsblished lo enable regular reports lo be made so that necessary steps can be taken to lessen these risks. Th& 8petyfic risks identified are.. - a downturn in the UK enomY which would make (( harder to raise funds. contamination of food supplied to the hospitals - breakdown of the Charity's freezer equipment - financial failure of one of the Charity's tsvo food suppliers. Stru¢tur&, governan¢e and managem*nt The tharity is a charitable incorporated organisation and was established under a 'Foundation' model constitution. The Trustees determine the general policy of the charity and are responsible for its d3y lo day running. They meet regularly and when they deem it advisable. they add to their body. New Trustees are recruited from personal contacts of the existing Twstee5. Induction and training is carried out by thè exisbng Trustees uts'lising their knoedge and experience. The Iru5tees who served during the period and up to the dale of signature of the financial statements were.. Michael Freedman (Appointed 20 January 20201 Y Sonnenberg (Appointed 20 January 20201 J Scharfer (Appointed 20 January 20201 None ol the trustees has any beneficial interest in the charity. Investm•nt powern The constitution authorises the trustees lo make and hold investments using the general funds of the charity.
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2021 Statomont of trusts•s' responslbllMle¥ The InJsl868 are responsible k)r preparing the Trusl¢&8' Report and the financial ulatemenis in accordance with applicable law and United ngdoM Aco)untsng Sland8rds Iunited Kingdom Generally Apted Accountsng Prdctice). Thts law applicable tr* tharit In England and Wdes fequires th8 truste85 lo propar8 financlal statements for each financial year which giv8 a Irue afHI fair view of the stste of affairs of tha cherity and of the incomi resources and application of re50urc8s of the chartty for Ihat period. In preparing these financl81 stslements, the trustees are required lo: - Sele surtabltr accounting policies 8rhd then apply them con8lStently: - observe the methods and prinaples in thg cl18$ SORP.. - m8ke judgements and 98timat05 that aro rea80nae and prudentr. state wttether appllcable accounting standards have bo8n followed, subject trj any material deparbJr8$ disdosed explained in thg ftnancial stw.em8nts,' and prepafe the finarKial statements on th8 golng (>Jnwn l)asis ynless il is inappropriate to presume that th8 Charity will (xJnflnu8 in operation. The tru8tees are responslble for keeping suifia8nl accounting records that disdosa with reasonable accuracy at any lime the financial posllion of the charity and enable them to ensure that the finanGial staÉements comply with the Charilies Act 2011, the Charlty IAccA)unts and Reports) Regulations 2008 and the provisions of th6 ¢harity's conslilLrtion. They ara 80 responslble for safeguardlng the a&8ets of the charity and hence for laking reasonable Steps for the prevention and deteCtn of fraikl arKI other irr8gularilies. e trustees. report was apwoved by the Board of TnJstees. Mlcha Trust Froedm8n Dale: .. ILQI..
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HOSPITAL KOSHER MEALS SERVICE Opinion We have audited the financial statements of Hospital Koshe¥ Meals Service Ilhe 'charity'l for the period ended 30 June 2021 which comprise the slalement of financial activities, the balance sheet, the statement of cash flows and notes to the financial statements. induding significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United King¢Jom Accounts'ng Standards, inclvding Financial Reporting Standard 102 rite FinènGial Reporting Slandanl appIable in the UK and Republic of Iland {United Kingdom Generally Accepted Accounting Practice). In our oplnion, the financial slalements.. give a true and fair view of the stsle of the charity's affairs 8$ at 30 June 2021 and of ils inccming resources and application of resources, for the period then ended.. have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Prath'ce., and have been prepared in a¢¢ordance Trmth the requirement5 of the Charities Act 2011. Ba$1$ for opinion We conducted our audit in accordance wlh Inlemational Stsndards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities un¢Jer those standards are further described in the Auditor.i responsibilitS for the audil of the fjnancial statements section of our report. We are independent of the charity in accordance with the ethical fequirernents that are relevant to r>ur audit of the financial statements in the UK, inclLJding the FRC'S Ethical Standard, and we have ftjlfilled our other ethical responsibilities in accoTdance wlh these requirements. Vve believe that the aud(1 evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions rolatlng t¢ golng concem In auditing the finanryal Statements, we have concluded that the Iruslees. use of the going concem basis of accounting in the preparation of the financial statement5 15 appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or ondib.ons that. individually or tolleclively, may cast significant doubt Dn the charity's ability lo continue as a going concem for a period of ai least fv4elve months from when the financial statements are authorised for Issue. Our responsibilities and the responsibilities of the trustees respect to going concern are described in the relevant sections of this report. Other Infomiatlon The other infomiatron comprises the information included in the annual report other than the finanthal statements and our audilorfs report thereon. The trustees are responsible for the other information conlained within the annual report. Our opinion on the financi81 statements does not cover the other infomiation and we th not express any form of assurance conGlusion thereon. Our respon51bility is to read the other information and, in doing $0, consider whether the other informats'on 15 materially inconsistent wth the financial statements or our kno%edge obtained in the course of the audit, or otherwise appears to be maleri8lly misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detem)ine whether this gives rise lo a material misstslernenl in the financial statements themselves. If, based on the work we have perfomied, we conclsjde that there is a material misslatemenl of this other infomialion. we are required to report that fact. We have nothlng lo repcsrt in this regard.
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOSPITAL KOSHER MEALS SERVICE Mattèrs on whlch ore required to report by exception We have nothing lo report in respect ol the followng matter5 in relation lo which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion.. the infomiation given in the financial statements 1$ in¢on$isl¢nt in any material respect wth the Iwste¢$' report., or $ufficienl aecounb'ng records have not been kept,. 01 the financial ststements are not in agreement wrth the accounting record5'. or we have not received all the information and explanab'ons we require for our audit. Rosponslbllltl83 of tru$ts As explained more fully in the statement of trustees, responsibilities, the trustees are responsible for the preparation of the financial statement5 and for being satisfied that they give a true and fair view, and for such internal conlrol as the trustee$ determine is necessary lo enable the preparation of financial statements that 3fe free from material misslalement. whether due to fraud or error. In preparing the financial statements, the tnjstees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, rnatters related to going concern and using the going concem basis of accounting unless the Iruslee5 either intend to cease operations. or have no realistic allematrve bul to do so. Audftorfs reSponsSbill•S for th• audlt of thts flnanclal Btatsments We have been appointed as auditor under section 144 of the Charib"e5 Act 2011 and port in accordance vAth the Aci and relevant regulalitsns mdde or having effect thereundeT. Our objeth'ves are to obtsin asOnable assurance about vthether the financial statements as a vthole are free from m8lerial misstatement, whether due to fraud or error, at)d to issue an auditor's report that inclLJdes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit con(kncted in accordance wth ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial slatemenls. Irregularities, including fraud, are in31ances of non-compliance with laws and regulations. We desgn procedures in line wlh our responsibilities., ou:lined above, lo delect material misstatements in respect ol irregularities, including fraud. The extent lo vthich our procedures are capable of detecting irregularities, induding fraud, is detailed below.
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT {CONTINUED TO THE TRUSTEES OF HOSPITAL KOSHER MEALS SERVICE Our approach lo Identifying and assessing the risks of material misslalemenl in respect of irregularities, including fraud and non-compliance wth laws and regulations, was a5 follows.. Review of the financial stslemenl disd05ures lo undertying supporting documentstion.. Enquiries of m8nagement $0 lar as they related to the financial statements, and seektng represenlalions from those charged wth governance., Testing of journals and evaluating ¥thether there was evidence of 'aS by the trustees that repreSled a risk of material misstaternenl due to fraud., Review of legal and profes%ional expenses 8nd trustee meeting minutes", We pefformed analytical proceduies to identfy any unusual or unexpected relationships. Because of the inherent limitations of an audit, there is a risk that we wll not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance wth a law or regulation is removed from the events and transactions fleeted in the financial statements, as we will be less likely lo become aware of instances of non-Gompliance, The risk is also greater regarding Irregularities occurring due to fraud rather than erior, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities is available on the Financial Reporting Council's web511e at." http8.'11 www.frc.org.ukJauditorsresponsibililie3. Thi5 description fomis part of our auditor'5 report. Othor matt8YS Your attention is drawn to the fact that the charity has prepared financial statemen15 in accordance with "Accounts'ng and Reporting by Charities.. Statement of ReGommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las arnendedl in PTeference lo the Accounting and Reporting by Charities.. Statement ol Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been wthdrawn. This has been done in order for the financial statements to provide a true and fair view in accordance wlh current Generally Accepted Accounting Pr?cli¢e. Use of our report This report is made solely lo the charity's trustees. as a body, in accordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit worf( ha5 been undertaken so that we might stsle to the charily's trustees those matters we are required lo slate to them in an auditors, report and for no other purpose. To the fullest e¥tent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work. for this report, or for the opinions we have formed. Harold Everett Wr8ford LLP 21.04.2022 Chartèrèd Accountsnts ststutory Audltor Chartered accountsnl$ & statutory auditor 2nd Fl¢xJr 38 Warren Street London W1T6AE Harold Everett Wrelord LLP is eligible for appointment as audi(or of the Charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the CompaniesAct 2006.
HOSPITAL KOSHER MEALS SERVICE IA CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 30 JUNE 2021 Unrestrl¢tfrd funds 2021 Mots$ Donations and legacies Charltable activities Investments 414.040 682,823 1,177 Total income 1,098.040 Charitable activities 760,178 Not Income for th• priodl Nèt movement In funds 337,862 Fund balances * 20 January 2020 Fund balan¢•$ at 30 June 2021 337,862 The statement of finanual activitie$ indudes all gains and losses recognised in the period. All in¢ome and expenditure derive from continuing activities.
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEET ASAT30 JUNE 2021 2021 Flxed ass8t* Tangible assets Invfjsbn8nts 10 11 66.256 66.257 Curr•nt aS80ts Stocks Debtors Cash al bank and in hand 12 13 55,440 61,253 219,902 336,595 164,9901 Crgdltorn: amounts falllng duo wlthln one year 14 Nel current assets 271,605 Total assots 1•8s ¢urr•nt Itabilitlos 337,862 Income funds Unr851rictad frjnds 337,862 337,862 Tho finan(xal statem8nts were approved by the TTUStees on ... Michael Tru$te• dman
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 30 JUNE 2021 2021 Notes Cash flows from operatlng actl¥ltbo$ Cash generated fromllabyorbed. by) operations 17 292,917 Investing activities Purchase of tangible fixed assets Purchase of investments Investment income received 174,1911 1,177 Nèt cash used in investing activities 173,0151 Net cash used In Ilnanclng actlvlll Net incrnaso in cash and cash equlvalents 219,902 Cash and cash equivalents al beginning of period Cash and cash equlval•nts at end of porlod 219,902
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 JUNE 2021 A¢¢ountlng policies Ch•rlty Inforn)ation Hospital Kosher Mea15 Service is a charity incorporated in England and Wales. 1.1 Accountlng conv•ntlon The finanoal statements have been prepared in accordance with the charity's consty"tution. the Charities Act 2011. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charitie5 SORP A¢counting and Reporting by Charities.. Statement of Recommended Practice applicable to charib'es preparing their accounts in accordance with the Financial Repoiling standard applicable in the UK and Republic of Ireland IFRS 1021" (October 20191. The charity is a Public Benefit Entity as defined by FRS 102. The finanaal statements have departed from the Charities (Accounts and Repottsl Regulations 2008 only to the exient required to provide a true and fair view. This departure has involved follo¥Mng the St8lement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice vknich is referred lo in the Regulations but which has since been withdravm. The financial statements are prepared in stedin9, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been ppared under the historical cost convention. The princip81 accounting policies adopted are set out below. 1.2 Golng concom At the time of approving the finan¢ial statements, the Iruslees have a reasonable expectation that the charity has adequate resources to conts'nue In opefalional existence for the foreseeable future. Thus the trustees continue to adopt the going Concem basis of accounting in preparing the financial statements. 1.3 Charftable lunds Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of theiT chariiable objectives. Restricted fijnds are Subject lo specific conditions by donors 8$ to how they may be used. The purp)se$ and uses of the restricted funds are set oijl in the notes to the financial slaternents. Endowment fvnds are subject to specific condrtions by donors that the ¢aprtal must be maintsined by the charity. 1A Incomo Income is recogni5ed when the charity is legally enlilled to it after any performance conditions have been mel, the amounts Can be measured reliably, and rt is probable that inctsme will be received. Cash donations are recognised on receipt. other donations are recognised once the charity has been notified of the donation, unless perfomiance conditions require deferral of the amount. Income tax recoverable in relation lo donations received under Grft Aid or deeds ol covenant is recognised at the lime of the donation. Legaries are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy 15 Irealed as a ¢onlingenl asset. 10-
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE PERIOD ENDED 30 JUNE 2021 Accounting po15cl8$ {Contlnuedl 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third paty, it is probable that a transfer of economic benefits VAII be required in settlement. and the amount of the obligats'on can be measured reliably. Expenditure 1$ dassified by activity. The costs of each activity are made up of the total of direct 51$ and shared cos15, including support Costs invofved In undertaking each activity. Direct costs attributaLle to a single activity are allocated diredy to that activity. Shared costs which contribute to MO than one activity nd support costs which are not attributable to a single activity are apportioned between those activities on basis consistent wlh the use of resources. Central staff costs are allocated on the basis of b'me spent, and deprerAation charges are allocated on the portlon of the asset's use. 1.6 Tanglble flxod ass*ts Tangible fixed assets are initially measured at cost and subsequenuy measured at cost or valuation, net of depreciation and any impairment losses. Depreaats'on is recognised so as lo wrbte off the cost or valuation of assets less their residual values over their useful lives on the following bases." Freehold Property Refridgeralion plant Equipment Motor vehicles 20A slraighl line 15% reducing balance 25% reducing balance and 33 113°A straight line 25% reducing balance The gain or loss arising on the ¢Jisposal of an asset is detemiined as the difference befften the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial acttvities. 1.7 Flxed asset investsnènts Fixed a55et Investments are inalty measured al transaction price excluding transaction cost5, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomellexptrnditurel for the year. Transaction co$tS are expensed as in¢urred. 1.8 Impaimiént of fixed assets Al each reporting end dale. the charity reviews the carying amounts of its tangible assets to detemiine whether there is any indicth'on that those assets have suffered an impairment loss. 11 any such IndatiOn exists, the recover8ble amount of the asset is e$limaled in order lo determine the extent of the imroimenl loss lif any). 1.9 stocks Stocks are staled at the lower of cost and estimated Selling price less costs lo complete and sell. Cost comprises direGI matealS and, where applicable. direct labour costs and those overheads that have bee incurred in bringing the stocks to their present location and condition. Items held for distribution al no or nominal consideration are measured the lower of replacement cost and cost. Nel realisable valLte is th& esb"maled selling price less all estimated costs of completion and costs to be incurred in markeb"ng, selling and distribution. 1.10 Cagh and cash oqulval•nts Cash and cash equivalents include cash in hand, deposrts held at call with banks, other Short-term liquid investrnents wth original rnalurities of three month5 or less, and bank overdrafts. Bank overdrafts are shown wthin borrowngs in current liabilities.
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2021 A¢¢ountlng policlas {Contlnuèdl 1.11 Flnanclal instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet vthen Ihe charrty becomes paty to the contractual provisions of the instrument. Financial a5$els and liabilities are offset, wth the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there 1$ an intention to settle on a net basis or lo realise the asset and setue the liability simultaneously. Basic financial 9330ts Basi¢ financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including traisaction cos15 and are subsequendy carried at amort15ed cost using the effective inlerest method unle55 the arrangement constilules a financing transaction. where the ifansaction is measured al the present value of the future receipts discounted * a market rate of Interest. Financial assets classified as receivable wlhin one year are not amortised. Basic financlal Il*bllltles Basic financial liabilities, including creditors and bank loans are ini118lly recognised at transaction price unless the arrangement constilule5 a financing transaction, where the debt instrument is measured at the present value of the future payments disctsunted at a market rale of interest. Financial liabilities classified as payable within one year are not amorb'sed. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods OT services that have been acquired in the ordinary course ol operations from suppliers. Amounts payable are cla55ified as current Iiabililiès if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transath'on price and subsequenuy measured at amort15ed cost using the effective interest method. Derecognition of Ilnancial liabilities Financial liabilib'es are derecoonised when the charity's contractual obligations expire or are discharged or cancelled. 1.12 Employw bgnefits The cost of any unused holiday entitlement is recognised in the period in which ihe employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to Pfowde temination benefits. 1.13 Rgtirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. 12-
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2021 Crftl¢al a¢¢ountlng o¥tlmateB and ludgoments In the application of the charity's accounb.ng policies, the Iruslees are required to make judgements, eslimales and assumptions about the carrying amount of assets and liabilities that are not readily apparenl from other sources. The estimate5 and associated assumptions are based on historical eXperence and other factors that are considered to be relevant. Actual results may differ f¥om these estimates. The estimates and underfying assumpts'ons are reviewed on an ongoing basis. Revisions to ac¢ounting estimates are re¢ognised in the period in which the eslimate is revised where the revi510n affects only that period, or in the period of the revision and fvture periods Whe the revision affects both current and futu periods. Donations and legacles Unr•$tActsd funds 2021 Donations and gifts Post natal mothers swwice 413.790 250 Charitable activitl•s 2021 Contributions from hospitals 682,823 InVtments Unrestricted funds 2021 Interest receivable 1,177 13-
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI FOR THE PERIOD ENDED 30 JUNE 2021 Charitabl8 actlvlttè$ 2021 Staff costs Rent & rates Computer costs Insurance Motor & travel expenses Other office costs Purchases Closing stock 36.517 12,601 988 8,030 6.081 16,107 612.384 155,4401 637,268 Share of support costs (see note 71 122.910 760,178 Support costs 2021 Staff costs Depreciation Legal and professional Telephone Other office cogls Bank charge5 & interest 89.760 7.935 2,268 19 800 808 122.910 Analysed been Charitable ath'vities 122,910 Legal and professional includes Goverance costs of £750 payable lo the auditors for audit fees. Tntstses None of the Iruslees lor any persons connected with them) received any remuneration or benefits from the charity during the period. 14-
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2021 Employees The average monthly number of employees during the period was.. 2021 Number Employmont ¢0sts 2021 Wages and salaries Soaal security c051s Other pension costs 114,333 8,026 3,918 126.277 There were no employe&$ whose annual remuneration was more than £60,000. 10 Tanglblo fix•d a$sots Freèhold Remdueratlon Property plant EqylpmentAlotorvehlclo8 Totsl Cost Additions 49,300 995 1,442 22.454 74,191 At 30 June 2021 49,300 995 1,442 22,454 74,191 D•prnciatlon and Impalrnient Depreciatson charged in the period 1,700 149 473 5,613 7,935 At 30 June 2021 1,700 149 473 5,613 7.935 Carrylng amount AI 30 June 2021 47,600 969 16,841 66,256 15-
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE PERIOD ENDED 30 JUNE 2021 11 Flx¢d ass•t In¥tMant8 Cash in porrfolio Cost or valuation At 20 January 2020 Additions AI 30 June 2021 Carylng amount At 30 June 2021 12 Stocks 2021 Raw materials and consumablès 55.440 13 Dfrbtors 2021 Amounts fallin9 duo v4ithln on• yèar: Trade debto Other debtors Prepayments and accrued income 55.221 2.298 3.734 61.253 14 Credltors: amounts falllng due withln one year 2021 Other taxation and social security Trade creditory Other creditors Accruals and deferred income 3,535 59,574 311 1,570 64.990 16-
HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE PERIOD ENDED 30 JUNE 2021 15 Retirement b8n•flt $¢homos (Defined Contribution Seh•mèl The charity operates a defined conlributs'on pension scheme for all qualifying employees. The asge15 of the 8¢heme are held separately from Ih05e of the charity in an independently administered fund. The charge lo profit or loss in respect of de)Ined contribution scheme was £3,918. 16 R8latsd paty transactlons On 1st July 2020 the charity began its activities by accepting a transfer of all the ath"vilieB. assets and liabilities previously held by Hospital Kosher Meals Service Trust ITegistered charity number 10256011. The nel value of the transfer was £406.570. 17 Cash g•norated from operatlon$ 2021 Surplus for the period 337,862 Adjustments for.. Investment income recognised in statement of finanrial activitie5 Depreciaty'on and impaimenl of tangible fixed assets It.1771 7.935 Movements in working capital.. Ilncre8sel In stocks Ilncreasel in debtors Increase in creditors 155.4401 161.253) 64.990 Cash g8norat•d fr0ml1absord by) op•raVons 292,917 18 Analysls ol changes in net fundslld•btl The ¢harity had no debt during the year. 17