CHARITY REGISTRATION NUMBER: 1201168
ECOJUDAISM
UNAUDITED FINANCIAL STATEMENTS
31 DECEMBER 2023
ECOJUDAISM
FINANCIAL STATEMENTS
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
| PAGE | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 5 |
| Statement of financial position | 6 |
| Statement of cash flows | 7 |
| Notes to the financial statements | 8 |
ECOJUDAISM
TRUSTEES' ANNUAL REPORT
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
The trustees present their report and the unaudited financial statements of the charity for the period ended 31 December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Ecojudaism Charity registration number 1201168 Principal office New Burlington House 1075 Finchley Road London NW11 0PU
THE TRUSTEES
Mrs A Levitt Mr R Addlestone Mr R Clark Professor D Snower Mrs J Tucker Rabbi M Goldsmith Rabbi T Sakhanovich Rabbi J Wittenberg
(Appointed 28 November 2022) (Appointed 15 October 2023) (Appointed 15 October 2023) (Appointed 15 October 2023) (Appointed 15 October 2023) (Appointed 28 November 2022) (Appointed 28 November 2022) (Appointed 28 November 2022)
Independent Examiner Dov Harris FCA New Burlington House 1075 Finchley Road LONDON NW11 0PU
STRUCTURE, GOVERNANCE AND MANAGEMENT
EcoJudaism is a company limited by guarantee not having a share capital. It is registered with the Charity Commission (Charity Registration Number: 1201168).
EcoJudaism's governing instruments are its Memorandum and Articles of Association dated 28 November 2022.
The overall management of the charity is vested in Executive Director, Naomi Verber, who is assisted in her decisions by a Board of trustees who regularly meet to discuss and review the charity's activities.
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ECOJUDAISM
TRUSTEES' ANNUAL REPORT (continued)
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
EcoJudaism promotes the conservation, protection and improvement of the physical and natural environment across the Jewish Community in accordance with the principles of the Jewish faith.
The Climate Crisis is not simply a technological problem to be resolved through better science. It is a moral and spiritual crisis in our relationship with the earth.
Judaism understands us not as masters, but as trustees, of G-d's creation. We have a primary responsibility to care for the earth and leave it to our children in a state of wholeness and health.
EcoJudaism's primary aim is to engage all synagogues to register for, and participate in The Environmental Audit. This is a real and tangible response to the huge global task before us. We also offer regular workshops, email support and signposting, website resources (continuously being added), guest speakers and events.
This is a unique initiative which spans the whole Jewish community with rabbinic leadership from four denominations of Judaism, supported by our senior communal leaders but is completed on an individual basis, synagogues by synagogues appreciating the uniqueness of each worship space in our UK Jewish community.
ACHIEVEMENTS AND PERFORMANCE
In the period under review EcoJudasim has registered 70 synagogues to participate in the EcoJudasim audit, 35 of which have completed their first round of the audit and have been awarded Bronze, Silver or Gold status. EcoJudasim has held numerous Jewish environmental learning and engagement events, such as mini forest planting, Tu-Bishvat online learning event, 3 eco-team meet events and an Enironmental leadership training course for Jewish Young Professionals.
In May 2024, EcoJudaism recruited its first CEO to create and deliver the vision and strategy for the organisation for the next 5 years. This work is in progress and will soon be published.
FINANCIAL REVIEW
General
The net results for the year show an overall net income of £83,941. As at 31 December 2023, the charity had accumulated unrestricted funds of £33,941 and accumulated restricted funds of £50,000.
PLANS FOR FUTURE PERIODS
EcoJudaism's has the following strategic objectives for the next 5 years:
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Educate the Jewish community about the climate crisis and the Jewish religious imperative to act.
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Inspire the Jewish community to take responsibility and action as an expression of our Jewish values and identity.
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Influence local, national and international stakeholders, by being 'a light unto the nations' in our moral response to the climate crisis.
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Docusign Envelope ID.. 8936EE83-530B-411E-AB2F-A8AOB92B9629 ECOJUDAISM TRUSTEES, ANNUAL REPORT (tilAllnuÉd) PERIOD FROM 28 NOITEMBER 2022 TO 31 DECEMBER 2023 The trusteeq, annual report was approved on 30 September 2024 and signed on behalf of the board of tn]stees by.. 2Ed01F79F94BF Mrs A Levitt Trustee
PERtOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023 I report to the trustees on my examination of the financial statements of Ecojudaism Cthe charity,) for the period ended 31 December 2023. RESPONSIBILITIES AND BASIS OF REPORT As the trustees of the ¢harity you are responsible for the preparation of th¢ fmancial ststem¢nts in accordance with the requirements of the Charilies Act 2011 ('th¢ Act')- I report in respect of my ¢xamination of the charity's financial stslements ¢WTied out under section 145 of the 2011 Act and in carrying out my ex8mination I have followed all the applicable Dir¢rfioThs given by the Charity Commission under section 145(5)(b) of the A¢t. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confirni that no malerial matters have Come to my attention in onnectloll with the examination giving me cause to believe that in any material respect.. accounting records w¢r¢ not kept An resp¢¢t of the charity as r¢quir¢d by section 130 of the Act,. or the financial Statements do not accord with those records- or the financial statements do not comply with the applicable requirem¢nts concerning the forni and content of accounts set out in the Charities (Accounts and Reports) Regulalions 2008 other than any requirement that the accounts give a 'true and fai view which is not a matter considered part of an independent examination. I have no ¢on¢¢rn5 and have come a¢ross no other matters in connection with the examination to whi¢h attention should be drawn in this report itl order lo ¢nabl¢ a proper understandin8 of the a¢counts to be reached. Dov Harris FCA Ind¢p¢nd¢nt Examiner New Burlington House 1075 Finchley Road LONDON NWII OPU 30 September 2024
ECOJUDAISM
STATEMENT OF FINANCIAL ACTIVITIES
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
| Period from | 28 Nov 22 to 31 Dec 23 | 28 Nov 22 to 31 Dec 23 | ||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | fundsTotal funds | |||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 4 | 99,481 | 50,000 | 149,481 |
| ------------------------------- | ------------------------------- | ------------------------------------- | ||
| Total income | 99,481 | 50,000 | 149,481 | |
| =============================== | =============================== | ===================================== | ||
| Expenditure | ||||
| Expenditure on charitable activities | 5,6 | (65,540) | – | (65,540) |
| ------------------------------- | ------------------------------- | ------------------------------------- | ||
| Total expenditure | (65,540) | – | (65,540) | |
| =============================== | =============================== | ===================================== | ||
| ------------------------------- | ------------------------------- | ------------------------------------- | ||
| Net income and net movement in funds | 33,941 | 50,000 | 83,941 | |
| =============================== | =============================== | ===================================== | ||
| Reconciliation of funds | ||||
| Total funds brought forward | – | – | – | |
| ------------------------------- | ------------------------------- | ------------------------------------- | ||
| Total funds carried forward | 33,941 | 50,000 | 83,941 | |
| =============================== | =============================== | ===================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 13 form part of these financial statements.
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Docusign Envelope ID.. 8936EE83-530B-411E-AB2F-A8AOB92B9629 ECOJUDAISM STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2023 31 Dec 23 Note FIXED ASSETS Intangiblc asscts CURRENT ASSETS Cash at bank and in hand li 1,591 82,750 CREDITORS: amounts falling due Ivithin one year NET CURRENT ASSETS 12 (400) 82,350 TOTAL ASSETS LESS CURRENT LIABILITIES 83,941 NET ASSETS 83,941 FUNDS OF THE CHARITY Restricted tunds Unrestricted funds 50,000 33,941 Total charity funds 13 83,941 These financial statements were approiwed by the board of trustees and authorised for issue on 30 Septetnber 24, and are signed on behalf of the board by.. 2E40tF79F94BF Mrs A Levitt Trustee The notes pages 8 to 13 (orm part of these flnanclal statements.
ECOJUDAISM
STATEMENT OF CASH FLOWS
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
| 31 Dec 23 | |
|---|---|
| £ | |
| CASH FLOWS FROM OPERATING ACTIVITIES | |
| Net income | 83,941 |
| Adjustments for: | |
| Amortisation of intangible assets | 530 |
| Accrued expenses | 400 |
| ------------------------------- | |
| Cash generated from operations | 84,871 |
| ------------------------------- | |
| Net cash from operating activities | 84,871 |
| =============================== | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |
| Purchase of intangible assets | (2,121) |
| ------------------------------- | |
| Net cash used in investing activities | (2,121) |
| =============================== | |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | 82,750 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | – |
| ------------------------------- | |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | 82,750 |
| =============================== |
The notes on pages 8 to 13 form part of these financial statements.
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ECOJUDAISM
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
1. GENERAL INFORMATION
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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ECOJUDAISM
NOTES TO THE FINANCIAL STATEMENTS (continued)
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
3. ACCOUNTING POLICIES (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
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ECOJUDAISM
NOTES TO THE FINANCIAL STATEMENTS (continued)
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
3. ACCOUNTING POLICIES (continued)
Intangible assets (continued)
Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Website - 25% reducing balance
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
Financial Instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of the liabilities.
4. DONATIONS AND LEGACIES
| DONATIONS AND LEGACIES | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| DONATIONS | |||
| Donations | 99,481 | 50,000 | 149,481 |
| =============================== | =============================== | ===================================== |
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ECOJUDAISM
NOTES TO THE FINANCIAL STATEMENTS (continued)
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
5. EXPENDITURE ON CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Total Funds | |
|---|---|---|
| Funds | 2023 | |
| £ | £ | |
| Direct costs | 63,258 | 63,258 |
| Support costs | 2,282 | 2,282 |
| ------------------------------- | ------------------------------- | |
| 65,540 =============================== |
65,540 =============================== |
6. EXPENDITURE ON CHARITABLE ACTIVITIES BY ACTIVITY TYPE
| Activities | |||
|---|---|---|---|
| undertaken | Total funds | ||
| directly | Support costs | 2023 | |
| £ | £ | £ | |
| Direct costs | 63,258 | – |
63,258 |
| Governance costs | – | 2,282 |
2,282 |
| ------------------------------- | -------------------------- | ------------------------------- | |
| 63,258 | 2,282 |
65,540 | |
| =============================== | ========================== | =============================== | |
| NET INCOME | |||
| Net income is stated after charging/(crediting): | |||
| 31 Dec 23 | |||
| £ | |||
| Amortisation of intangible assets | 530 | ||
| ================ | |||
| INDEPENDENT EXAMINATION FEES | |||
| Period from | |||
| 28 Nov 22 to | |||
| 31 Dec 23 | |||
| £ | |||
| Fees payable to the independent examiner for: | |||
| Independent examination of the financial statements | 960 | ||
| ================ |
7.
8. INDEPENDENT EXAMINATION FEES
9. STAFF COSTS
| The average head count of employees during the period was 1. The average number of full-time | The average head count of employees during the period was 1. The average number of full-time |
|---|---|
| equivalent employees during the period is analysed as follows: | |
| 31 Dec | 23 |
| No. | |
| Number of management staff | 1 |
| ================ | |
| No employee received employee benefits of more than £60,000 during the year (2022: Nil). |
10. TRUSTEE REMUNERATION AND EXPENSES
No trustee received any remuneration during the period. The charity did not meet any individual expenses incurred by the trustees for services provided to the charity.
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ECOJUDAISM
NOTES TO THE FINANCIAL STATEMENTS (continued)
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
11. INTANGIBLE ASSETS
| INTANGIBLE ASSETS | ||||
|---|---|---|---|---|
| Website | ||||
| £ | ||||
| Cost | ||||
| Additions | 2,121 | |||
| -------------------------- | ||||
| At 31 December 2023 | 2,121 | |||
| ========================== | ||||
| Amortisation | ||||
| Charge for the period | 530 | |||
| -------------------------- | ||||
| At 31 December 2023 | 530 | |||
| ========================== | ||||
| Carrying amount | ||||
| At 31 December 2023 | 1,591 | |||
| ========================== | ||||
| CREDITORS: amounts falling due within one year | ||||
| 31 Dec 23 | ||||
| £ | ||||
| Accruals and deferred income | 400 | |||
| ================ | ||||
| ANALYSIS OF CHARITABLE FUNDS | ||||
| Unrestricted funds | ||||
| At | At | |||
| 28 November | 31 December | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| General funds | – | 99,481 | (65,540) | 33,941 |
| ================ | =============================== | =============================== | =============================== | |
| Restricted funds | ||||
| At | At | |||
| 28 November | 31 December | |||
| 2022 | Income | Expenditure | 2023 | |
| £ | £ | £ | £ | |
| Restricted Fund | – | 50,000 | – | 50,000 |
| ================ | =============================== | ================ | =============================== | |
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| £ | £ | |||
| Intangible assets | 1,591 | 1,591 | ||
| Current assets | 82,750 | 82,750 | ||
| Creditors less than 1 year | (400) | (400) |
||
| ------------------------------- | ------------------------------- | |||
| Net assets | 83,941 | 83,941 | ||
| =============================== | =============================== |
12. CREDITORS: amounts falling due within one year
13. ANALYSIS OF CHARITABLE FUNDS
14. ANALYSIS OF NET ASSETS BETWEEN FUNDS
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ECOJUDAISM
NOTES TO THE FINANCIAL STATEMENTS (continued)
PERIOD FROM 28 NOVEMBER 2022 TO 31 DECEMBER 2023
15. ANALYSIS OF CHANGES IN NET DEBT
| At | At | ||||
|---|---|---|---|---|---|
| 28 | Nov | 2022 | Cash flows | 31 Dec 2023 | |
| £ | £ | £ | |||
| Cash at bank and in hand | – | 82,750 | 82,750 | ||
| ================ | =============================== | =============================== |
16. RELATED PARTIES
Donations totalling £6,333 were received from the trustees and entities connected with the trustees. No conditions were attached to any of these donations.
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