Charity Number: 248773 LEEDS KASHRUT AUTHORITY ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE PERIOD ENDED 30° APRIL 2024
LEEDS KASHRUT AUTHORITY CONTENTS PAGE Legal and Administrative Information Trustees Annual Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 6-10
LEEDS KASHRUT AUTHORITY LEGAL ANO ADMINISTRATIVE114FORMATION Chairman Mr S A Frieze Hon Secretary MrA Cohen Representative Members The Representative Members and the Leeds Bodies they represent are as follows.. MrSAFrieze MrACohen Mr D Jacobs Ms L Baker Ms L Silberstein Mr C Glass Mr H Lorie Mr G Skolnick United Hebrew Congregation BHH Synagogue BHH Synagogue Leeds Jewish Representative Councll Et2 Chaim Synagogue Etz Chaim Synagogue Leeds Jewish Representative Council Uniled Hebrew Congregation The Elected Honorary Officers are also Representative Members Treasurer Mr A Cohen Charity Number 248773 Governing Document The Authority was formed by the amalgamation of the Leeds Kashrut Commission and the Leeds Board of Shechita and is governed by a Deed of Constitution dated 3, April 1992 Principle Office Office of Leeds Beth Din 411 Harrogate Road Leeds LS17 7BY Page I
LEEDS KASHRUT AUTHORITY REPORT OFTHE HONORARY OFFICERS FOR THE PERIOD ENDED 30" APRIL 2024 The Honorary Officers present their Report for the year ended 3 April 2024. Honorary Officers The electeé Honorary Officers in office as at 30 April 2024 are Set out on page l of thi5 report. The Representative Members, nominated by the Leed5 Bodies, are set out on page l of this report. In accordance with the constitution the Honorary Officer5 are elected by the Authority at it5 Annual general meeting each year. The rnanagement of the Authority is vested in the Honorary OffIr5. subjert to direction on mBtter5 of generdl policy by the Authority. Objects of the Authority The objects of the Authority shall be, for the City of Leeds and such other places as shall appear to the Authority to be appropriate. the advancement of religion in accordance with the orthodox faith by the SpervIsion of the provision and sales of Kosher products and the SLJpervision of the operation of Kashrut IN 5ynagoEue ha115 and a variety of premises used for holding fnctiOns. In setting the objertives 8nd planning the activities for the year. the Honorary Officers have, at their Meetingsi given careful cotbsideration to the Charity Commission's general guidarbce on public benefit. Review of Activities During the year the Authority has continued to provide supervision and inspertion of premises and functions in Leed5 and its 5urrourbding area. Finances The attèched financial statements show the current state of the AuthorItS finances which the Honorary officers consider to be satisfactory. The Authority maintains such fund5 that are necessary for its day to day operations. The gain for the period £3,077 has been added to the nstricted funds giving a balance carried forward of £114.70512023 - £111,628} Reserves Policy It is the policy of the charity to wnaintain unrestricted fund5, which are the free reserves of the charity, at a level which equates to approximately four months unrestricted expenditure. This provides sufficient funds to cover management and administration costs in thè event of a significant drop in income which will enable the tru5tee5 to consider how to replace the income. Page 2
LEEDS KASHRUT AUTHORITY REPORT OFTHE HONORARY OFFICERS (CONTINUEO) FOR THE PERIOD ENDED 30" APRIL 2024 Rlsk ManaBement The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the contro15 over key rinancial systems will provide sufficient resources in the event of adverse conditions. The trustee5 also examined other operational and business risks fad by the tharity and confirm that they have established systems to mitigate the significant risks. Statement of Trustees, Responsibilities Law applicable to charities in England and Wales requires the trustee5 to prepare financial statements for each financial year which give 3 true and fair view of the charity's financial activities during the year and of its financial position at the end of the year_ In preparing those financial statements, the tTUStees are required to: Select Suitable accounting policie5 and then apply them cor)sistentlv- Observe the methods and principles in the Charities SORP: Make judgements and estimates that are reasonable and prudent,. State whether applicable accounting star)dards have been followed, subject to any material departures disclosed and explained in the financial statements: 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 accounting records which disclose with reasonable accura at any time the financial Position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity ar)d hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. For and on behalf of the Honorary Officers Mrs AFrieze 3010612024 Page 3
LEEDS KASHRUT AUTHORITY Statement of Flnanclal Actlvltles For the Perlod Ended 30 Aprll 2024 Total Funds 2024 Totsl Funds 2023 Note In¢omln8 resource5 Income from charltable trading actIvIe$ Income from charitable trading activilies Interest receivable 47.716.39 57,637.68 47,716.39 57,637.68 Resources expended Charitable expendlture Cosi of furtherènce of charttable objerts 28,652.71 33,817.39 Management and administration 16.061.56 14.808.17 44,714.27 48,625.56 Net outgoing resources for the year 3.1M)2.12 9,012.12 Unrestricted fund5 brought forward 115,674.97 106,662.85 118,677.09 115,674.97 There were no recognised gain5 or losses for 2023 or 2024, other than those included in ihe Statement of Financial Activity. Page 4
LEEDS KASHRUT AUTHORITY Balance Sheet As at 30 April 2024 2024 2023 Note Flxed Assets Tangible assets 112 Current assets Debtors Cash at b3nk and in hand 4,988 26,761 2,885 29,144 io 31,749 32,029 Creilltors Amount5 falling due within orhe year li Net current assets 31.749 32,029 Total a55et5 less current liabilities 31.833 32,141 Funds Unrestricted 114,705.17 111,628.05 114.705.17 111,628.05 These financFal siaiements were approved by the mernber5 of the committee on ........................................................._...... and are Signed on their behalf by= Mr S A Frieze Chairman and Representive Member Pa8e 5
LEEDS KASHRUT AUTHORITY NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30" APRIL2024 l.. Accountin8 Polirie5 1.1: Basis ot preparation of accounts The financial statements are prepared under the historical c05t convention, applicable accounting standards, the Charities Statement of Recommended Practice 2005 (Accounting and Reporting by Charities) and comply with the Charities (Account5 and Report) Regulations 2005 issued under the Charities Act 2011. 1.2: Tangible fixed assets Depreciation is calculated so as the write off the c05t of an asset, less its estimated residual value. over the useful economic life of that as follow5-. Fixtures 3nd fittings Computerequipment 15% reducing balance 25% reducing balance 1.3 Income Income is derived from the supervision of the provision and sales of kosher products and the supervision of the operation of Kashrut in synagogue halls and a variety of premises L15ed for holding functions. 1.4: Management and admlnlstrative expenditure Expenditure on management and administrative of the charity includes all expenditure not directlv related to the charitable artivity. This includes costs of running office premises. staff salaries for administrative staff, accountancy and Independent Examinerfs fees. 1.5: Pension costs The charity operates a money purchase scheme for employees. The assets of the scheme are held separately from those of the charity. The annual contributions payable are charged to the Statement of Financial Attivities. Page 6
LEEDS KASHRUT AUTHORITY Notes To The Flnanclal Statements Iconvnuedl for the Year Ended 30 Awil 2014 2: Income from tharitable trading actiuilies 2024 20Z3 Poultry Fee5 Meat Fees supervision and In5pe(tion Fees 5homer Attendance Gittin Labels Accreditation fees and Sundry Income 8.367 29.645 16.48S 35,630 750 8,830 1,693 47.591 57.688 3: Interest Recelvable 2024 2023 Bank interest receivable 4.. Costs In Furtherance of Charltable Serylces Total 2024 Totsl 2023 Provision of Charitablè Serviw: Supervision ol CaterinB 28.653 33,817 Analysls of provision of charltable serv1$ Stsff Costs Other Costs 20Z4 2023 Supervislon ol Caterins 19.716 28.625 33,780 5 Management and Admlnistratlon 2024 2023 Salaries Office Costs Accountancy. Payroll Costs and Profe55ioThal Fees Other Charity Donation 718 5,220 4.024 6,1(M) 16.062 1,033 5,178 3,221 950 10,381 Page 7
LEEDS KASHRUT AUTHORITY Notes To The Flnandal Statements Icontlnuedl for the Year Ended 30 April 2014 6.. Total re$our¢es expended Staff Costs Othtrcosts Total 2024 Total 2023 Olrect Charitable expenditure Management and Admifii5tration 19.716 28.625 33,780 19,716 28,625 33,780 There are no donations included within the management and administration other costs Staff C05t5 2024 2023 The aggregate payroll costs were.. Wages and Salarie5 Redundancv Social Securily Costs Other Pension C05t5 5,408 5.564 3.51XI 8,908 9,064 Partieulars of Employees: 2024 No 2023 No The aweiage nurnber o15taff employed by ihe chatity during the financial period amoufited to No renurneration was paid to the trusties in the year. nor were anytru5tees expenses reimbursed. Other Cost5: 2024 2023 Premises Other 7. Net Movèment in Funds for the Period 2024 2023 The net movement in funds lor the period is after charging= Staff pension contributions Depreciations 3,5) 28 3.500 37 Page 8
LEEDS KASHRUT AUTHORITY Notes To Financial Statements Icontirbuedl for the Year Ended 30 April 2024 & Tangible Fixed Assets FreS and Fittir Computer equipment Yotal Cost At l May 2023 Additions 2.112 2,111 2.112 2,112 At 30 April 2024 2.112 2.112 Depreciatlon At l May 2023 Charge for Period 28 28 At 30 April 2024 2,028 2,028 Net Book Value At 30 April 2024 At l May 2023 J12 112 9. Debtors 2024 2023 Trade Oebtois Other Debtors 4.988 82.872 2,885 79.487 87.860 82.372 10. Cash at Bank and In Hand 2024 2023 Bank deposit account Bank current account Cash 25.057 25,057 3.987 loo loo 26.761 29,144 11. Credttors.. amounts fallln8 due wlthln one year 2024 2023 Creditors and accruals Value added tax Page 9
LEEDS KASHRUT AUTHORITY Note5 ToThe Financial Statements Icontinuedl for the Year Ended 30 April 2024 12. Analysls of net assets in unrestrictedfvnd5 Othw net assets inveslmenl Total 2024 Net assets 25,057 1,704 26.761 13. Related Party Transa(Ilons The Trustees confirm ih3t there have been no related party trav5action5 which require disdosure under FRS 8 IRelated Party Transactions) 15. Contingent Liabilibes The Charity has no eoThtingent liabilities * 30 April 2024 Page 10