Chartty r•glstratlon numbèr 1187505 HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) LEGAL AND ADMINISTRATIVE INFORMATION Trust• M Sonnenb8rg J Stharfer Charfty numbgr 1187505 Audltor Harold E￿rett Ktreford LLP Chartered af)J)unt8nts & stattrtw auth¢LY 2nd Fbjor LoThJon W1T&4E HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) CONTENTS Pag• Tru8lees' roport Ind8pgndent gudilofs report St*ltment ol flna￿ ad BaLirKe theet statem￿1 of cth Note8 10 tho fin8ncW ¥t8tsments 9-16 HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES. REPORT FOR THE YEAR ENDED 30 JUNE 2023 The Iruste8s present thèlr annua reF¢rt frnnc4al *alem8nts forthe year andad 30 June 2023. The flnandal statements have been prepared in a¢￿dance with th8 accounting ￿'￿e$ set out in noto 1 10 th9 finanual slalemenls and tsjrn￿Y with the charitys c<>nstituti"on. the Chariti8$ Act 2011 8nd 'Ac£ounling and Reporknn9 by Charities.. Stat8m¥nl of ReoJmmendeal Rwrkn"ng Standard ap￿.¢abl& in UK and Rgpuk4K of Ireland IFRS 102)" (October 20191. ObloCtlv•¥ •nd acll¥ftl•• The objectNe¥ of the CIO are lo provide fa¢ilrb"e8 for the a￿nC¢mon1 of the orttrK*Jox Jwlsh tsllh by the prO￿&10n of K08her Food, fadlttles, eare and amen￿88 to Jth￿sh paI￿nts in hospttals or other sid(, poor c* ￿nvaleScIng peopl8. The obje(*ive is by delivering koshaf food lo hoswth15 and oth•r institutK)ns Ihmughoul Greater London. The Trustees. stralew Is lo raise fijnds from the JeM"sh communrty lo suppb&m8nl the amounts recelved from hospitsls in payment for ffl8*. Th TnJstee8 méasLY& their SUC￿88 in ffijffilling the Charitys objectlvas by monitoring paith8' saliBfathon thè food wpplad and h￿PItth, sallsfth th tho ￿r¥￿* provlded. Thg tru8tsè9 hava p8id Ward lo guidgnce iuuod by tho Chwity Commi88ion In deudlng whal the t*arfty should undertake. Publlc B•n•fft Thé Iru8to¢s hav• pald due regwd lo the pth ben&fft widance l¥sued by Charty cOn￿lIS￿rt In dgcldlng the locat￿n of fund8. Achl•v•m•nt• and p•rfornMn The CIO prO￿deS Kosher mea18 to iith and needy JewA•h per￿1. mainty thow howit*l8ed. FInan¢￿1 r•vl•w The CIO op•rata8 from • sound financa81 b880. At the yogr end, fre• reseNe8 hdd by tho Charity •mount•d to £36,441. 11 1$ the pollcy of the dmrity Ihal unrgstrkied fvnd8 which hava not been do8￿natod for o spedflc u8e Should be maintsln¢tJ 41 a level to meet annual proNry$ion of meals and seNces for thfr fOr•Se•ab￿ fulurn. Th& trusle•s consider that resem8 at th18 l•v•l wll ensure that. in the event of a SKdnfficant drop In fundiThJ. th￿ wll be able to continue the charity's current xtNitw while tx)nsidoralion 15 given lo way8 in whth addithjnal fvnds moy bg r8l•ed. Th18 lev81 of re8erve8 ha8 b8on maintained thmughout the year. PrlnGlpal fundlng •ourc•• Donations together with the Sale of meth to hoW•l8 #nd othw in8lrtutioM yowdad the fvnd8 netrded to cary oul the SeNlce's charitat48 admties. Rlsk r•¥low The Tru8lee8 have examined the strattyK and owrntional risks whlth tho thartty faces and confim that systems have been establish&J to arob￿ regular rgp)rts lo be made so th81 nKe$$8ry $tep$ can be tsken lo 1o8son th0$0 risks. The $F4dffic rl6k8 Identified are.. . 8 downtum in tha UK fjconorrry wthith woukj m8ke il to rnite funds. - Gontamination offood Suppli￿ lo the hoswth - breakdown of the Charitls freezer equipme - financial failure of one ofthe Cl￿n￿$ Iwo fotyl HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 StNctur•. govom•nc• and man•gem•nt The charity is a thorilable incorporated organisation and was established under a'Foundation' rn0￿1 vJn8tilution. The Trustees detennine the gener81 poly of the tharty and are responsit4e for its day lo day runring. They meet regularty and when they deem rt thsabk, tlw add to their t*Jdy. New Trustee5 are rgwiled from ￿Tsonal contacts of the existing TnMt888. Indudion aNI tr*niry is cwrfed out by tha existing Tru8tèes utilising tlwir knowledge and expen"enc*. Thè Irusteas who 86rvtd during tho year and ￿ to thg date of 8lgnattxe ofthe fmandd 8t•tsmènts wgre.. M Sonn&nberg Mlchagl Freedman J Sdwfgr (Rwigned 10 Jun8 2023) Nono of the trustees has ony ben•fictAI ￿￿ereSt in th• char6ty. ¥Mtm•nt pow•rn Tho c4)nstilution 8uthorl8es th8 truste￿ lo makè a￿1 hold in￿•1m0nts uthg thè gornral funds of the tharlty. St*t•m•Tht of tru•tM•' Mpon￿bIlItI9• Tho tru$lee8 ar8 responsib￿ for prwring tha Tru8lee8' Rowt and tho finana81 Statements in accordance wth applcablè 18w and United Kjnodom Accounting Standards (Unilod KirvJdom Gen&rdty Acwlod Acmunung Prncltel. Th8 law appllcAbl• to ch8nties in England and IAtsl8s th• trust•es to pr•pAro financ¥al 8tatam•nts for each flnanclal yÈ8r whlch 8 tsu& and I￿1 votrw of the Jl¥ts of affairn ol tm ¢*wlty and of thè Incoming resou￿8& and applleallon of resource$ of th& Chanty for th81 year. In prfjpartng th888 flnandd 8tatsm•nts, thg IrLwI0￿ arn rowtred to.. - ulect Suttabh arAuntkng poll¢198 and th•n apth them eon#i8tsnty'. - observe the method8 •fbd in t￿ Charth8 SORP,. - make judgom•rrts and •slimales that arn roa￿th arKI prwjwrt: - stale wh8th¥r appli¢8t4e accounting stsndard$ hm bwn I￿￿y#•d. ￿bJeC￿ to any matsrfal dep8rturns dlBdo8ed and explainad in the finan¢ial statements: and . prepare thè finanaal State￿¢3 ￿ the golng cOr￿M basis it IB inapprowlatg to pre8u￿B that the charfty wlll contlnug in operallon. The tru81ee8 are reapon￿tle for keeping sufficient Pu￿unI1n9 rg¢4yd$ tho1 diK*se wlth rea￿lable al any Ilme the fin8nd81 p0s￿on of the charity and enable them lo ensure that the finanual stslement8 compty with thè Charities Act 2011. thg Charity IAixounts and ReF)Ndance wlth these requSrernènl8. Wts bolieve th41 the audh evldencè wt havo obtaingd Is SLrfhc4•rt apwopii•t8 to rKo¥idè 4 baBi8 for our opinion. Conclu¥lon• r•l•llng to golni eane•rn In auditlno the final￿￿ statement$, we have ￿)nduded that thè lrnth•i' of t￿ going COn￿M ba818 of account5ng in tho pr9parallon of the flnanad 8tatsments is app￿p￿9￿. B*8ed on th• work w• h8ve perfomied, we have not wjentified any matwlal unc8rtalnU•8 rnIa￿n9 to •vonl$ or condltions that, indi￿dUal￿ or cc41ecawely, may cast signfficanl doubt on the charfvs abllty to ￿ntInue a8 a golng COn￿M for a Wod of at1ts8t twth months from whfjn thg firbgn¢lol *ot•m•nts are autlKrflsed for Issue. Our r8gponsibilili88 and the rnsponwbdityu of th• trust￿￿ *lth iespecl to gokng concern are deK￿bOd In th roltvanl seth'ons of this rg Oth•r Inlomiatlon The other Infcmation compri0￿ th& infc¥m•litin Ind￿ in tho annu#l rewt other th#n the finaraal statements and our audltovs mport th•rwn. Tho trust￿* ar¥ re¥pon*bkn for Ihe olher Infgrmallon (￿91n￿d wthin the annual roport. Our opinion on tho finanool $tatgmgnts does not cover the othef infomatim 8nd we do not &xpreu gny fom of assurance condusion Ihereon. Our respMsibilty 1$ to read t￿ other informat*)n and, in doing so. Cp)n$ider whèther the other information is rnolerfoly Inc￿0•$1¢nI the fin8ndg1 statements or our knowledge obtained In tho o)urs• of audit, or otherwn8 ap￿31$ to bo matsrialty misstatad. If w• Kl•ntify suth matorial inconsist8nuo8 or appar9nl matgrlal mi8818lemenls. we Ore r6yulr9d to dgtemikne whether this gfve8 ri80 to 8 materBI misstatement In the finandal statemen18 thom8elw8. If, b88ed on the wort we haw perfomwd. wo condud& that there is material mi8slatemenl of this other irrfomialw)n, we aro rtyuired to reF￿ that faca. We have nothing lo rgF*yt in Ihi$ regard. Matt•rn on whlch w• •v• Th4￿1•d to v•port by •x¢•ptlon We h8ve nothlng lo rewrt In tespect of the folhmng matters in rdalion to whwth the Charltie8 (A¢￿unIS and Reptsrts) Regulations 2CQ6 require us lo reKX)rt lo you rf, in our opinion". the infomialin given in the finandal st8tements 1$ ir￿Stent in any Ma￿la1 r8speL* v*iih tho tr￿18￿, report,. OT sufficient 8cuunling raL￿r￿S ha4Y nrl been kept: or the fin8nd81 slatements afe rK*l in agTeoment wrth Ihe aIxo￿ting r￿rds. or we have not roc4wJ all th& InfOMwti￿ aThJ e*nakn8 we for audlt HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOSPITAL KOSHER MEALS SERVICE R••pon8lbllltlts of tnmt As exp18ined more fulty in the $18tement of trustee¥, respMsft)illi8s. the t￿Slee$ are resfvN)nslble forthe weparation of financial $tatemen18 and for bw'ng satisfied that they gNe a true and falr Mew. and for such intemal control as th8 tN8lees deternNn8 is n￿SSary to enabl8 th& prepwation of financial sl8taments that are free from m81&ri01 rn18Statement. whether due to fraud ￿ grror. In preparing the finanaal s18lemenls. the truste88 ar8 responsible for assessing the charfty's ability to continue as a wng corbcem. di8¢lw'rvJ, as applicabbe. matters related lo wing conc8rn and U￿ng Ihe going concem basis of accounb'rvJ unless tha trustee8 aithor intgnd lo Cease operallons. or tta￿ no re8li¥tiG altematlve tmrt to do so. Audltorf$ r•sponslbllttl•• lor th• audlt of th• flnan¢knJ •tat•m•nls h8ve been appointed as au¢&lof uThJor sfjctk?n 144 of tho Charitw Act 2011 and report In accordanG# the Act and relevant regUla￿On3 madg of haNing effect Ihereunder. Our objectN•$ ar• lo obthin reawnablg fjs$uran(x about whethw the finand81 ¥talements 0$ a wholg a￿ free from matori81 misststement, w￿ther due to fraud or error. and to Is8ue an auditovs rèport th81 indudes our opinion. Reasonatle assuranrh is a hwh level of assurnnce trmjt is not a guarantee that an audft ￿ndUc￿ed in accordgtic• wtth ISA8 IUKI will a￿ayS delect a material mis3tatemgnt when il exists. Misstatèmen18 can ariBe from fraud or fjrror 8nd ore con8id8red material rf, individualtry or in the 8ggregale. th8y cO￿d reawnabty ￿ expected to Influencè th8 economic deasion8 of usors tsken on the ba$1$ of those financial statgmgnls. IrT*g￿a￿J9S, Indudfng fr￿d, arè Instal￿# of nm-compliance wlth Iw*8 and regu￿on8. Wa de81gn pr￿dUleS Sn line with trjr responsibilili88., oullined atove, lo detect material m￿￿tatements In respect of IrregularitS68, Sncludlng fraud. Th• extenl to whith our pme￿￿Te8 are of d￿¢¢1￿0 1rrn9￿ar6l1ts*, Indudlng fraud, IJ detailed below. Our 8ppro•¢h to identifying and assowng the rtyks of mal•ri•l mi88t*t¢m•nt In rw•ct of IrroguWlle•, Indudlng fraud and noM•)nWl8nGg wlth laws aNJ Tegulollons. was a8 folhxi8'. Review of Ihg finanoal sts18ment di8do8ures to under1￿.n9 supporllng dL¥wmgntatron'. Enquirle8 of management ¥0 lar as Ih8y related to the finandal statements. and seeklng rwe#8ntalon$ from thwe thorged vrtlh goNwn8n¢e: . Ta$￿Tr9 of journa18 and Wa￿91￿9 wh8lhor wa8 ONlderte of by the tru81ee$ that represented rilk of mat8n.al misstatament duè to fraud; Re￿6W of18901 and prof6sslon•l expen808 and tnJsts8 meeting mlnutes.. We perfofmed anafyti¢al wthxdures lo Klentify any unusual or un8xp8Cted re1Btlonshl￿. Because of the inh8r8nt limstabons ol an 04Klit, the￿ is a rilk thal we wll not dele(a al irregul4r￿&S. induding tho leading to g mat8rfg1 mls¥tatgm8nt In thg fin8n¢i81 st¥l&ment8 or ￿r￿comPlI0n¢? wlth regulatlon. This rf#k increases the mor8 that complian¢0 with a law or regulatic￿ is removed from Iho ovenls and Iransaclions rellected in the finanaal ststemenls, as we will be less l*ety to be0)￿￿ aware of instances of nor￿mplianCe. The risk 18 8160 greater regarding irragularilie$ o¢¢urring due to fraud ralher ormr. ￿ fraud In¥olv68 irt•ntional c￿nCealm8nl. forgery, c4llu$ion, wiission or misr¢preGent•lion. A ffiJrther description of ryjr responsi￿￿11eS is avaiLabl8 cffl the Financial Reporting Counul'8 website aL" http8Jl www.fr¢.org.uklauditorsr&sponsibiltbo$. This d￿lptIOn fom)s part of our audrtorfs r•port. Olh•r matt•ffs Your attention is drawn to th• fact that the dwrrty has prepared fmarKia statemerts in a¢>xrdance ￿th"AcCOuntIng and Reporting by Charitigs.. Slatgmont of Recommended Prath 4Jplicable lo ¢*arit￿ preparing their a(￿Unts in accordance the Financial R•portirwJ Standard applicable in the UK and Repu￿￿ of Ireland (FRS 1021" 188 amended) in preference lo theAccfjuntin9 and Rgporb'ng by Charbtses.. Statament of R8comm&nd8d Pradic¥ issued on 1 April 2005 which is referred lo in the extant Wulat￿5 but ha$ b¢en withdrawn. This has been dor* in order for the financial statements to pmfjde a Irue and fair ¥1￿ in accordanra with Current Generally A¢¢epled A¢counting Practice. HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HOSPITAL KOSHER MEALS SERVICE U8• of our r•port Thi5 report is made sokely lo the tharity's trustees. as a LW. in xcor(lance with part 4 of the Charibes (Aceounls and Reports) Regulations 2008. Our audtt wort has been undertaken so that we mwjht state to th9 chadils trustees those matters we are required lo state lo them in an audrtofs report and fty oth8r purw)$0. To the fullest extent pgmiitted by law, we do not awt or assume rewn8ibility 10 8nyorE other than the dlarrty the charills Irusl•*s as g body, lor our 8udil work. forthi$ rewt, or for the opinions ￿ have formed. Harold Ev•r•tt Wr•fonl LLP 0810112023 Ch•rt•v•d Ac¢ounlanl• ststutory Audltor Chartwad ￿￿ntrnts & 8t*lutory audltor 2nd Fl¢)or 38 Straet London W1T&4E Harold Everett ￿0rd LLP 18 gfigiblg 8ppJintment as aLwJOlor of thg th8rty ty irirtuè of ttB ollglbllrty for appobntment as gudrtor of8 comp•ny under 1212 ofthe Compani8BAd 2(￿. HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF FINANCIALACTMTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2023 Unr••trf¢tod Unr••trlct fvnd• fund• 2023 2022 Donats'ons and legaoe8 Charitable actlvltl65 Investments Other In¢om• 77.530 1.013.037 524 {719) 27.946 734.217 1.026 Tolal Incom• I,0￿.372 783.189 Charrtable ath'wtie8 1.254.721 793.863 N•t •xp•ndltur• for th• y••rl N•1 mov•m•nt In fund• 1184,349) 130.4741 Fund balance8 al 1 Juty 2￿ 307.388 337,882 Fund bal*nc•• 4t 30 Jun• 2023 143.039 307,388 Th• •tal•m•nl offlnancl•l •thlll•s In￿d￿ •1 g￿n* and k>ws r•cAyM•d in the year. All In￿me and expendllure from witinuing acknboj. HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) BALANCE SHEET ASAT30JUNE2023 2023 2022 Flx•d th•g•t• Tangl￿e assets Inve$tmenl8 12 13 107,597 59,940 107.Ya8 59.941 Curr•nt ••••ts Stocks Debtofs Cash at bank and in hand 14 137.024 197,390 70,909 98.932 93.525 145.824 405,323 338.281 Cr•dltor•: amounts falllng du• wlthln on• yMr 16 .8821 (90.B34) Nel current 4880ts 35.441 247,447 Totsl a•••t• l••• ¢urr•nt Ilabllltl•• 143.039 307.388 Incom• lund• Unr88ldctèd frjnds 143,039 307,388 143.039 307.388 0501.202Q- ncial 8tatemenl8 were 8rvo%*d by the Trustees on ......................... onborg Tru•t•• HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2023 2023 2022 Cash absorbed by opwaty￿S 19 {12.509) (7S,1041 Invmtlng •¢tlvld Pur¢ha8e of tangible f￿ed assets Invtsslmenl income le￿i¥8d (62.930) 524 Ntt cash lu••d InVg•n•r•l•d fvom Invmtlng *¢tfvltl•• 162,4Ce) 1.020 N•t ¢••h u••d In Ilmnclng a N•t d•¢y•M• In c••h and c••h •quI¥41￿tr (14,9151 {74.0781 Cash gnd calh 8quival•nts at b•ginniry of y￿1 145.824 219,902 C••h and cmh •qufv*hnt• at •nd of y•*r 145,824 HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 A¢countlng polkl•• Charlty Inforni•tlon Hospital Kosh¥r Meal8 SeThl¢è 18 a dwity inc4xF¥y￿ in Er￿ 8nd Vl4105. 1.1 Accountlng conv•nOon The finanaal slalements have be￿ preparnd in ac>yJrthc* with the (*arit(s con8tituthryn, thé Charities Ad 2011. FRS 102 'The Financlal Rewiting Standard appIl￿b￿ In the UK and Republ￿ ol Ireland. fFRS 102) and the Charili08 SORP "Accounting and RepOrt￿g by Chariti88'. Statement of R8commonded Practi¢0 applica￿0 to chadtiè8 preparing their ao))un18 in acc￿lanC• Ihe FinancAal Reporb'ng Standard app￿cable in the UK and ReWbI￿ of11gland (FRS 102). (Ocaobor 2019). The ctharity is a Publlc B6nefil Elttlty a8 defined by FRS 102. The Ilnand•l statsments have departed frorn the Chaiili88 (Acccrtxts and Rep￿ts) R8gulation8 2008 only to the extent rewired to provid8 g truo and fair viw. Thi$ depgrture h•$ inv0b￿d foll￿1n9 th8 Statemont of Recommended Pracaica for th8rities apptyino FRS 102 rather than thè vers*)n of lh8 Statsm8nl of Rècommended PraGtic• whth is retsThed to in the Reguktions but wthich has sinGry been withdrawn. The finandal 8tatements wo weparad kn 8terflng. whth ￿ thè fundonal ￿￿encY of the ¢*arfty. Monetary amwnts in tho$0 fin￿(191 statemwnts •[• rounded lo tho nowesl L Tho finandal $tatemonts have bow wepared under the hlstorlcal oxl (￿n￿n￿On. Tr prfndpo10gxuntsng k￿lIdeS adopted are set beltrdt. 1.2 Golng ¢onc•m At the Umè of approving th• fln8nclal slatements. the trustees h8vo a rgasonablo 0xp￿￿tion that thè charfty has adequate resourceJ to continue in OperatM￿ •xist*n￿ lor the fty&s¢¢•t4e future. Thus the Intslees conllnuè to adopt the golng confxm b8818 ofa(x￿nII￿ In pr•pgriThJ the flnanryl 8tatsm8nts. 1.3 Charllabl• fund# Unrestricted fund8 are avalabk for u8e at the dl84781lL￿ of the trustsos In futheranca of th?Ir tharftabl8 objectives. Reslrided fvnds are s(bble¢t lo spedfi¢ Cond￿On$ by dOr￿S as lo htrw may h usod. Tho purFKJ$g5 and use8 01 the restricted funds are set oy¢ in the notes to the fina￿al statements. Endowment funds ar• sub)e¢t 10 6pgok aKKlrfionB by donorn that the c•pit41 must bo maintained by the d)arity. 1A Incom• Income18 recogni8gd wh8n the ¢tharity i818galy enUU8d to rt aftgr any performan¢• ￿nd￿{on$ h•¥8 b88n mol, the amounts m￿$￿•d re￿atty. and probablt thot WKA)me will be recerved. Cash donations are recg)gni8ed on receipt. l)Iher dtination8 are re￿nised onco the charity has been nolrfled of the donation, u￿9$$ perf0m￿nCe condi1¥￿5 requiro d&ferral of the aThwnl. Income tax racoverable in relation lo donab"on$ re¢eNed und8r GfftA￿ or deeds of covenanl bs recognised at the ￿me of the dono11on. L8gaa8s ar8 recogn58td ￿ recelpt or oth8￿7$a rf the tharity has baen rM)bfiod of ￿ irnpendinu dknlbullon. Ihe amount is known. and T￿lp1 is expectod. tt the amount Is not kn￿￿. thé legacy 18 treated as a )n￿ngent asseL HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 A¢countlng pollcl•• IC4)ndnugdl 1.5 Expendlture Ex￿ndItuTe 18 rocognls¢d on(¥ thgre ts a or c¢n8truckn* £￿￿981￿)n to transfer ecx)nomlc benefit to a third party, it is prob&Ye that a tran$fw of eojnomic benefits wll ￿ requir•J in settkment, and the amount of the Ob￿gatiOn Can be meawtgd rel•. Expendkure 18 dassifieil by aCtI￿ty. The costs 01 eath a(*wty are made up of the Iotsi of dI￿t Q)81s and 8hared costs, induding 8UPPOrt costs in undertaknng eath athwty. Dwe(a ￿¥ts attributat49 to a 61ngle vLtivity are aloc4led dirgclty to that actiMty. Shared costs wfiid) ￿ntribUte to more than one actiwty and eupport Cts318 which are not attribuloUe to a Sing￿ acliwty are appOr1￿ned befv408n thoBe aotiwt*s on a ba#18 consislenl wrfh the use of ￿soUrCes. Central staff ￿StS are allocated on th8 basis of tlme spent, and doprecialion thargas are alorAted M Iho portion of thg 868et's ￿. l.• Tanglbh fix•d a•s•l• Tangibla fix811 assèts are Initiawy measured at Cost ¥nd wbioquonty m••Knd al ￿8t or Y41uaUon, nèt of (*preo8tion and impaim)enl h)ss8s. Dew8clatth l¥ recognlsod ¥0 as lo wrlle off eA)St or of atsots18BS thotr re8￿91 v•lu•B ov8r IhgSr usefijl Ilve¥ on th• folk7•Ang I>￿3.. Frgghold Prope Rgffidgeratlon plant Equipm¥nt Motor v8hido8 stralght Uno 15% re(lU0￿ bal8nL* 25% redudng balanfx 8Th133 1rJ% strolghl Ilno 25% rtdudng balance Tha galn or1018 ar181ng on th• dlsp08al of an asset18 d•t•Miln￿ 48 the difference befvmen th• sal• proc•èd& and the earying value of th& asset, And is r8cognise(I In the 8t8tom6nt of ffingncial a¢tNilkg8. 1.7 Flx•d u••t Inv••lm•nt• Flxed asset investments are initialty measurgd 01 tran8acl1￿ wic• ax(*Kling trAn8ath*n c08t8, and aro $ubsequenlty measured al falr ¥8￿¢ al each reportlNJ date. Chang85 In falr ¥￿0 are rec&Jn188d In nèt Incomell•xp8ndiiur•l for the year. Tr8nsa(*on costs or• expenBed as Sncurred. 1.0 ImpalM￿nt of flx•d ••Mts At 8ach r8portlng end datg, th¥t thavlty r•¥1￿ tho wylng wnountl of tanglblo aiMt8 to d•tennlng whether th•r• is any inth¢*&n that those aysets ha￿ suff•red an impaim¥nl 11 any s￿h Ind￿￿tIon exSsts, th& rgc¥)vorable amount of the asset 15 8slmatgd In ordw to detemilm the extent of the Imp8irn1gnl 1088 Iwanyl. 1.9 8tock• Stock8 are stated al the l(bwer of LY)sl •nd •stimated 8eling price less costs to complete and so11. Cost compri&•s direct materials and, t*thgrg applicab￿, direca labour costs and those overheads that ha￿ been incurrad in bringing the sto¢ks to Ihw"r present location and Cond￿On. Itoms h8bJ for distribution at no or nomin81 con8Kleration are measured ￿ lower of ret49(wnent ¢08t o)8L Net realisa￿e value is tho gstimat¢d Fwice less al estwnated costs of compbetion and costs to b• irKurr8d in marketing. saling and distribulion. 1.10 fAsh and cash •qulval•ntg C8$h arKJ ¢8sh equivalents InC￿e cash in hand, de￿￿1$ hekl at cal With banks. other Sh￿-￿Trn liquid investments wlh original maluTities ol three months or less. and bank overdrafts. Bank overdrafts are shown vAlhin borrowings in current liabl￿1￿. 10- HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Acc*wntlng poll¢l• Icontlnu•dl 1.11 Flnan¢lal In¥lruments The charity has •le¢ted to appty th• pmThgons ol Sedion 11 'Ba8K Fingnci91 InStrum￿lts, and Section 12 'othgr Finandal Instruments Issue$, of FRS 102 to 811 of its ftnanLya instruments. Fln8nclal instruments are r•cognt8ed In t￿ thaiitys balan(* Sheot whw tho thadty bocomes party lo tha contra¢Xu81 Fth$wJn8 ofthe instrum Financial 888ets and liabil￿e8 are offsel. wth the net amounts presented in the finano81 slalemenls, vthen thgrg is o18g4lly enforc08b￿ right lo sel off the recogni8ed am¢yJnt8 and there is an intention lo settle on a net ba858 or to re￿18• the assgt ond selue tr￿l￿bIlty simultanaw. BaJl¢ fina￿181 •M•ts Baslc finanLial assèts, whi¢h Ir￿AUde debtors aThJ c48h and bank balances, arg inAwlty mga8ur&d at transaction price indudlng transaCt￿n costs and are sub88quenty carriad al 8mortlsed cost uslng the effectovè Irrterest method Un￿55 the aThangemenl c￿nStitLrteS a fina￿lt¥j transath"on, where the transaction is measured al Ihe present value of the tuturfj receipts disctyjnttrj at a majknt rate of Inlwè8L Fln4nc481 a888ts das8ified as recAva￿a within one ye8r are not amorti68d. I￿1¢ Iln•ncl•l Ikblllll•s Baslc financial liabllitigs, IrKI￿li￿a uedltor8 and bank I(￿ aré Inlllalty r¢¢OgnI•￿ at tranudlon pri￿ unle88 th& arrang&menl con8tilute8 a financing transaction, the dgbt Instrument 18 measured at thè preBent value of thé ftrture paym￿1$ di80)unt4d al a m¥rket rate ol intertst Financial 114bllrtth dassifiéd as payabl& wllhln onè yèar arg nol wnortlwl. Debt In8truments are Iubwuènty carriod at amorf1￿ (x>8t. U8iry tha effécti￿ int•r•8t rnta m•thod. Trade credrtor8 arè obligat￿8 to pay for 9￿￿$ or sgrvw thal have b8on acqulred in th• OrdIn￿ ¢oursg of operatlons from 8UPFlior8. Amounts payable 8re dasslfied ￿ ￿rrent IlabSlMle8 W payment 1$ due wllhSn o y•ar or l&ss. 11 tr￿, they are wèsenled a8 non-tsjrrent liabilities. Trade ¢yeditor8 arè rwnisèd initially at Irans8don priee and subwuenty measured at an￿ ￿11 u¥ing th• effeckn interest method. D•rn¢ognlUon of ffn*nCh1￿b1lIu*￿ Flnancial liabilli08 8r• d8vol￿gnISed wh8n th8 L*wiV8 oL*allons oxph or ar• dlsthargod or n¢ell¢d. 1.12 Employ•• b•n•Nts The cost of any unuled hOl￿aY entit10Th￿ il rerAgni•ed in Ihtr witid in whith th• •mploy••'• sep41￿1 ar• reealved. Tgmiination benefit$ are reo)gnlwl immgdiatety a$ An ex￿n¥¢ vthen the charity is demon8trAbly comnmtted to tenninate the empbyment of an employeo or to prowdo torn1inalw bgngfits. 1.13 R¢tlY¢m•nt b•n¢fft• Payments to dofirwl contribulh)n reliremwl boneft sthemos org thargod as an expense as they f811 due. 11 HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Crlllcal accounllng •gthMts• and judgwmnts In the application of the thartty's a¢￿￿ntIng p￿1￿$, the trust88s are required to m8k¥ judgements. •stim8les and aSSump￿0n8 at￿Jt th• ¢8rrying amount of 3558ts and Nabllths thai are ￿ readlty apparent from oth8r 8ourc9s. The 8slima19s and as50ckqle(l a88umpts.ons are based on hisioncal experience and other frd¢tC￿ that afe conshjerad lo be rd8b7nL A¢tual r88th may thffwfrom thow 08tinath. The estirnale8 and undethng assumptions are mryewed on an ongoing b88i8. Roviskjns lo accounlng •8tsmales aré r¢¢ogni8ed in the period in whith tho e8timale 1$ re¥I88d where the rewsion affects cnly that perfod. or In th& perft*J of thg rn¥18bn and firture penods vthorg tho w￿1)n aff8(ts both CLtrrenl and future P8riods. Donatlom Ind kny¢l•• Unr••trlct•d Unroslrithd fund• funds 2023 2022 Donatlona and 91ft8 77,530 27,946 Charltsbl• •¢tfvld•• 2023 2022 Conlribulion8 Irom hosprtd8 1,013,037 734,217 Unr••trlctsd Unr••lrf¢t•d fvnd• nd• 2023 2022 Interest recer¥ab 524 1.028 2023 2022 Net gain on disposal of tangible ￿ed assets {7191 12- HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 Charhabl• a¢tl¥lil•• 2023 2022 41,923 2,485 36,312 12.599 1,123 8,095 7,542 19,288 55,440 645,830 198,9321 3,714 Rent & Tate8 Computer co8ts Insurance Motor & travel exp￿10$ othgr office costs o￿ning #lock Purcha8e8 CIo8lng 81ts Legal costs 4.761 11,255 27.CQ3 98.932 1.087.509 {137.024) 2,730 1.140.7Ck8 690,811 Sh8ro of 8upM co618 {8ee not• 81 114,015 102,852 1,254,721 793,883 8upport ¢o•t• 2023 2022 Staff costs Deproualion Legal and profe88h)n Telephone Other office e08t8 Bank Charg￿ 8 Inteffj8t 91,588 14,554 2.354 88,333 6,310 2,254 2,454 2,834 2.780 154 114.015 102,852 Anaysed bgtr#een Charitable acti¥iti 114.015 102.852 Lggal and profess*)nal indudes G¢)N*rnn¢e costs of £750 payable to the auditorn for audit fee8. Truth None of thè tntste88 {or any per8LTh U)nne¢aed with Ihem) rK8Ned any remuneraiion or benofft8 from the tharity during the year. 13- HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 10 Employee• The average monthty number of ern￿￿ during the y￿r VAS.. 2023 Numb•r 2022 Nurnber EMp￿yrn•nt¢O*ts 2023 ¥J22 W4018 and 8918rf08 Sodal Security ￿}$11 Olher ponsion costs 122.989 6.819 3.883 113,497 7,268 3,880 133.491 124,845 Thero wèrè no émploy￿ T***w Inn￿1 rwnun•ralV￿ was morg thon £PJ),CW. 11 Tax•llon The charfty Is exempt from lax on knc¢me and galns I￿11￿ wlthln 505 01 the Taxes Act 1988 or oecllon 252 of the Taxat￿01 Chwgeable Gain8 Act 1992 to the txtenl that th08e 8fe applied to Its charhable ob￿Cts. 12 T•nglbl• fix•d ••••l• Co•t At 1 Juty 2022 Additions Disposah 1.442 22,454 74,191 82.930 (9951 62.472 AI 30 Jun• 2023 82.472 136.126 D•prnclatlon and Imp•lrn*rt At 1 Juty 2022 Dgprectation charged in the year Eliminatsd in resFect of diswisals 276 9,371 (276) 751 326 9.823 3.158 14.250 14,555 12761 At 30 June 2023 5.1(Kl 9.371 1.077 12,981 28,529 C•rylng •mount AI 30 Juno 2023 53.101 823 9,473 107,597 AI 30 Jung 2022 45,9 719 12,831 59,940 14- HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 13 Flx•d ••••t knv•stm•nts Calh In portlollo Co•t or v•lu•tlon Al 1 July 2022 & 30 Jung 2023 eArrylng •mount At 30 Jun8 2023 14 Stock• 2023 2022 Me￿8 137,024 98,932 1J D•btorn 2023 2022 Amounts f•lllng du• ¥Athln on• y••r. Trgdo debtor8 Other debt￿6 Prepaym•nts and aettue(I Inr¥)m• 188.986 3,424 86.C63 6,408 1,054 197,3 93,525 10 Cr•dltorn: amounts famlng du• T*lthln on• y••r 2123 2022 othor taxgtlon and eod￿ sec￿rrtY Trade ¢>editors Other ¢xeditorg Aruuds ar￿ deferr8d inc￿m0 (2151 315.928 52,813 1.358 4,48e 84,775 338 1.235 369.882 90.834 17 R•tlr•m•nt b•n•fft *¢h*nM ID•fiMd Contrlbution Sch•m•l The Charity operates a defin8d oJnln"but*Jn pewon SCI￿ne all qualty'ng employees. The assets of the stheme are held separatety from those ofthe in an ind8peTh*nty admiThstered fund. The tharge to profft or knss li ￿SPe¢l of defir*d o)nlnbutthi sd)eme was £3,68312022.. £3,880). 15- HOSPITAL KOSHER MEALS SERVICE (A CHARITABLE INCORPORATED ORGANISATION) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2023 18 Relat￿ party tran8actlon8 Duiing the year, eath trustee has proNid&J a bgn in thè wjm of £25,(KJO lo th6 tharty. These loan8 Are in18resl-free ind rgpayable on dernand. 19 Gash g•nor•l•d from op•rntloThs 2023 2022 Deffidt for the year (184.3491 130,4741 Adlu8trnonts for. Invoslmont income re¢ognlsed In 8lat8ment Offin￿lI adr¥i L088 on disposal of tangibl& frrtfjd assots DepreCIat￿)n and Impaimwrt of twigiblo fix•J aB8gtJ 15241 719 14.$54 (1,028) 8.316 Movements In working Ca￿￿1.. Ilncrea8el in $lor*8 Ilncrea8al in deblor• Increase in creditors (38,092) {103,865} 279,048 143.4921 132,2721 25,844 C••h •b•orb•d by op•rnOon• 112,5091 (75,104) 20 Analy#l• of ¢hanw In n•t lund• The (*arlty h8d no dgbl durfng the year. 18-