Charity Registration No. 258581
THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Business Information**
## **Trustees**
Mr B Rose Mr M A Freedman (Treasurer) Mr A Jackson Mr D J Jacobs Ms R J Rafel Mr K S Sefton
## **Independent examiner**
Tax Return Adviser Limited Nower End Nower Road Dorking Surrey RH4 3BX
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## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY**
## **Trustees' report**
The Trustees present their report and accounts for the year ended 31 December 2020.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and company with the trust deed (its governing document) and 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) (effective 1 January 2015).
## **Principal aims and objectives**
The Jewish Vegetarian and Ecological Society operates with the aim of raising funds to promote a kinder society, without killing animals for food.
In this context the Trustees have complied with the duty in section 17 (5) of the 2011 Charities Act in giving due consideration to the Charity Commission’s guidance on Public Benefit.
The charity’s objectives are to promote as a means of advancing the physical, mental, moral and economic improvement, of mankind, knowledge of vegetarianism. Through research into the production, utilisation, preparation and dietic effects of vegetable substances and promotion of this information.
## **Objectives and activities**
The Jewish Vegetarian and Ecological Society charitable objects are given below and are taken from the governing document as follows:
To promote as a means of advancing the physical, mental, moral and economic improvement, of mankind, knowledge of vegetarianism.
To promote research into and provide information upon the production, utilisation, preparation and dietic effects of vegetable substances for human consumption.
To do all such acts and things as shall further the active and corporate life of the society or may be necessary to the above objects and may lawfully be done by a body established only for purposes recognised by the law of England as charitable.
The Jewish Vegetarian and Ecological Society's objectives for the year are to promote a kinder society without killing animals for food. To make people aware of the benefits of rejecting cruelty to animals and the extension of this to an improved society where mankind is not cruel to fellow beings, both human and animals, as expressed in the Torah, which teaches kindness to all sentient creatures and for the replenishment of the earth and plant and animal species.
To meet these objectives, the charity raises awareness of the many benefits of vegetarianism via a quarterly magazine which is distributed to members worldwide, as well as by holding frequent events (film screenings, cookery classes, group trips etc). We maintain an interactive website to disseminate news and views as well as topical relevant matters.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achivements and Performance**
The results for the year are set out in the Summary of Income and Expenditure in the ensuing pages.
The trustees collected rental income of £97,119 (2019: £114,244) and generated income from its other charitable activities of £8,864 (2019: £21,133). COVID19 related Grants and Job Retention Scheme payments of £43,976 were received.
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## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY**
## **Trustees' report**
The Trustees present their report and accounts for the year ended 31 December 2020.
## **Financial Review**
The Jewish Vegetarian and Ecological Society has maintained its healthy financial position with closing fund balances totalling £2,829,378 (2019: £2,789,278).
The organisation relies on its ability to generate funds from charitable activities in order to meet operating costs.
The principal funding source was the rental income received - all rental income is used for charitable purposes only.
The total unrestricted rental income received in 2020 reached £97,119 (2019: £114,244) with £44,741 (2019: £54,352) expended for rental purposes.
The total unrestricted income from hall use and other functions in 2020 reached £7,538 (2019: £16,682) with £1,250 (2019: £2,768) expended for these purposes.
This year saw other income total £1,326 (2019: £4,452), income from COVD19 related grants and support of £43,976 (2019: £NIL), and income from investments total £65 (2019: £162).
## **Reserves Policy**
It is the desired policy of the trustees to have unrestricted funds in the Capital Account to cover twelve months’ running costs, and to maintain a cash balance at least equal to three months’ operating costs. This will provide adequate funds to meet current and anticipated future liabilities and provide financial flexibility.
## **Investment policy**
In accordance with the Governing document, the Trustees have the power to invest in such assets as they see fit.
## **Plans for the future**
The trustees are continuing to work towards a Vegan/Vegetarian world to combat the cruelties associated with animal slaughter and factory farming methods, coupled with working toward a greener world to minimise damage to the environment and over exploitation of the world’s finite resources. We are working to make our premises a hub for green activities and accommodate other like minded charity organisations. We have completed the upgrade to our premises to make them more attractive as a meeting point to house our activities; attract donations for use of the same; and attract income from continued rentals.
## **Structure, governance and management**
The charity is governed by its Governing document adopted 25th March 1969. The charity’s reference and administrative details are as set out within these accounts.
The Trustees who served during the year were:
Mr B Rose Mr M Freedman Mr A Jackson Mr D J Jacobs Ms R J Rafel Mr K S Sefton
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## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Trustees' report**
The Trustees present their report and accounts for the year ended 31 December 2020.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
## **Trustees induction and training**
New trustees are made aware of the structure of the charity and are informed of the charity's financial position. Any new trustees would be fully briefed and trained by the existing committee and aware of their responsibilities.
The Trustees' report was approved by the Board of Trustees.
## M i c h a e l F r e e d m a n
......................................................
Mr M Freedman
Treasurer Dated: .........................16 June 2021
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## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY**
I report on the accounts of the charity for the year ended 31 December 2020, which are set out on the following pages.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
The charity’s trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
## It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the applicable Directions given by the Charity Commission (under section 145(5)(b) of the Act,
- and
- to state whether particular matters have come to my attention
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
• the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## S i m o n e F r e e d m a n
Simone H Freedman (Chartered Tax Adviser) Tax Return Adviser Ltd
Nower End Nower Road Dorking Surrey RH4 3BX
Dated: .........................
16 June 2021
## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Statement of financial activities for the year ended 31 December 2020**
|**Charitable Activities**
Cost of sales
**Gross profit**
**Other business income**
**Expenditure on charitable activities**
Wages, salaries and other staff costs
Car, van and travel expenses
Rent, rates, power and insurance costs
Telephone, fax, stationery and other office costs
Advertising and PR
Interest on bank and other loans
Bank, credit card and other finance charges
Accountancy, legal and other professional fees
Depreciation and revaluation of fixed asset
Other charitable expenses
**Total charitable expenditure**
**Net income for the year and movement in funds**|**2020**
**£**
52,840
924
51,916
97,184
56,804
2,933
44,741
2,334
-
1,676
-
-
462
50
109,000
40,100|**2019**
**£**
21,134
732|
|---|---|---|
|||20,402|
|||114,406
55,316
153
54,352
2,495
60
4,021
-
(2,033)
643
50|
|||115,057|
||||
|||19,751|
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## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Balance Sheet**
## **as at 31 December 2020**
|**Notes**
**Fixed assets**
Equipment, machinery and motor vehicles
3
Other fixed assets
4
**Current assets**
Other debtors
Bank/building society balances
Other current assets and prepayments
5
**Current liabilities**
Loans and overdrawn bank accounts
6
**Net current assets**
Loans due after more than one year
**Net assets**
**Capital account**
Balance at start of period
Net profit|6,922
63,856
105,078|**2020**
**£**
1,444
2,800,677
2,802,121
153,017
(125,760)
2,829,378
2,789,278
40,100
2,829,378|8,234
34,522
105,078|**2019**
**£**
1,926
2,800,677|
|---|---|---|---|---|
|||||2,802,603
122,650
(135,975)|
||175,856||147,834||
||22,839||25,184||
||||||
|||||2,789,278|
|||||2,769,527
19,751|
|||||2,789,278|
The accounts were approved by the Trustees on .........................16 June 2021
.............................. M i c h a e l F r e e d m a n
Mr M Freedman Trustee
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## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2020**
## **1 Accounting basis**
## **Charity information**
The Jewish Vegetarian and Ecological Society is an unincorporated charity in England and Wales. The principal address is 853 Finchley Road, London, NW11 8LX
## **1.1 Accounting convention**
The accounts have been prepared in accordance with the charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: 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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The accounts are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2 Going concern**
At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
## **1.4 Incoming resources**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies 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 is treated as a contingent asset.
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
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## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2020**
|**2**
**Income and expenditure analysis**
**Income from charitable activities**
Sales, hall use and reimbursements
Membership subscriptions and donations
Other income
**Cost of sales**
Other direct costs
**Other business income**
Interest receivable
Charitable rental income
**Wages, salaries and other staff costs**
Wages and salaries
Pensions
Employer's NI
Staff training and welfare
**Car, van and travel expenses**
Travel and subsistence
**Charitable letting costs incurred**
Rates
Light and heat
Property insurance
Agents fees
Repairs, cleaning, gardening and maintenance
Sundry
**Telephone, fax, stationery and other office costs**
Telephone and internet
Computer, printing, postage and stationery
Equipment expensed
**Advertising and PR**
Advertising and PR
**Interest on bank and other loans**
Interest
**Bank, credit card and other finance charges**
Bank charges|**Unrestricted**
**funds**
**2020**
**£**
7,538
1,326
43,976
52,840
924
65
97,119
97,184
53,086
2,318
1,400
-
56,804
2,933
6,214
6,891
3,921
11,929
15,684
102
44,741
755
1,029
550
2,334
-
1,676
-|**Unrestricted**
**funds**
**2019**
**£**
16,682
4,452
-|
|---|---|---|
|||21,134|
|||732|
|||162
114,244|
|||114,406|
|||49,588
2,318
2,410
1,000|
|||55,316|
|||241|
|||8,173
7,677
3,772
12,841
19,118
2,771|
|||54,352|
|||946
1,549
-|
|||2,495|
|||60|
|||4,021|
|||-|
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## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2020**
|**Accountancy, legal and other professional fees**
Legal and professional
**Depreciation and revaluation of fixed assets**
Depreciation
**Other charitable expenses**
Subscriptions
Sundry expenses|-
-
462
50
-
50|(2,033)|
|---|---|---|
|||(2,033)|
|||643|
|||50
-|
|||50|
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## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Accounts**
## **for the year ended 31 December 2020**
## **3 Tangible fixed assets**
|**Plant and**
**machinery**
**£**
**Cost**
At 1 January 2020
3,472
At 31 December 2020
3,472
**Depreciation (25% Reducing balance)**
At 1 January 2020
3,420
Charge for the year
13
At 31 December 2020
3,433
**Net book value**
At 31 December 2020
39
At 31 December 2019
52|**Fixtures**
**Fittings etc**
**£**
49,912
49,912
48,117
449
48,566
1,346
1,795|**Office**
**Equipment**
**£**
8,573
8,573
8,494
20
8,514
59
79|**Total**
**£**
61,957|
|---|---|---|---|
||||61,957|
||||60,031
482|
||||60,513|
||||1,444|
||||1,926|
## **4 Other fixed assets**
|**Other fixed assets**|||
|---|---|---|
|Premises
Cumulative renovation costs|**2020**
**£**
2,500,000
300,677
2,800,677|**2019**
**£**
2,500,000
300,677|
|||2,800,677|
The fair value of the investment property has been arrived at on the basis of a valuation carried out by Savills (UK) Limited Chartered Surveyors, who are not connected with the charity. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties on 8 August 2017. The trustees having suitable market knowledge considered the above valuation to be a fair reflection of the investment properties at 31 December 2020.
## **5 Current Assets**
Current assets include a loan provided to the Israel Jewish Vegetarian Society of £100,000 (2019: £100,000).
## **6 Current and longer term liabilities**
Current and longer term liabilities include an interest free loan provided by one of the Trustees to the Society repayable over 5 years by monthly instalments. The Society continues to repay a mortgage over 10 years from Santander. These funds were used to renovate the hall.
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