Charity Registration No. 258581 THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Business Information** ## **Trustees** Mr M A Freedman (Treasurer) Mr D J Jacobs Ms R J Rafel (retired 22 March 2023) Mr K S Sefton ## **Patron** Mr A Jackson **Independent examiner** Tax Return Adviser Limited Nower End Nower Road Dorking Surrey RH4 3BX 1 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Trustees' report** The Trustees present their report and accounts for the year ended 31 December 2022. 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 frequent events (film screenings, cookery classes, group trips etc) and the provision of 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 £106,147 (2021: £97,956) and generated income from its other charitable activities of £45,089 (2021: £6,174). COVID19 related Grants and Job Retention Scheme payments of £0 (2021: £11,879) were received. 2 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Trustees' report** The Trustees present their report and accounts for the year ended 31 December 2022. ## **Financial Review** The Jewish Vegetarian and Ecological Society has maintained its healthy financial position with closing fund balances totalling £2,801,822 (2021: £2,868,897). 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 2022 reached £106,132 (2021: £97,956) with £51,992 (2021: £57,212) expended for rental purposes. The total unrestricted income from hall use and other functions in 2022 reached £42,053 (2021: £32,503) with £15,554 (2021: £17,115) expended for these purposes. This year saw other income total £3,881 (2021: £6,165), income from COVID19 related grants and support of £0 (2021 £32,581), and income from investments total £15 (2021: £17). ## **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 M Freedman Mr D J Jacobs Ms R J Rafel (retired 22 March 2023) Mr K S Sefton 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 3 THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Tru8tee8' report The Tmsteeg present thelr r8Fort and xcounts for the year gnded 31 Decwnbèr 2022. nanaal pos￿￿n. Any trustees would be fvlty briefed and train•d by the exith'ng committ•& and aware of their Tèspongbilities. The Trustsos, report was approved by the Board of Trustees. Mi M Freedman Treasurer 17. 1 a ?3 Dated.. THE JEWISH VEGETARIAN AND ECOLOGICAL so¢ieTY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY I roport on the 8¢counls ol th8 charily for ihe year ended 31 Decen*8r 2022. afB sel out on Ihe loll(>wing paytrs. R•spectlve reiponslbllltles ol truJl•ei and exzmin•r ch•riVs Iruslèes are IB6ponsSbh for preparat￿n DI iho accounls h •ctordancé wmh thè Ch*ili•s Aci 2011 1"Ih8 Act"). Thè thèdty's trus￿￿8 ¢onild•r Ih•l •n w￿111 Is rrt)I req￿ired fv lh￿ year uTrl8r s•clkJn 141 01 Ihe Aciand Ihal an Independ8nl examinabon is n8odo0. 1115 my r05pDnsibiliiy io.. xamln8 the 8Ctounii und•r s•ciian 145 01 tho Chpdli•s Acl. 10 Idlow Ihv applicJbl8 Olractson5 gNon by Iho Chority Comrnl88ion lundor 18cIkn 145lSllbl ofih• A￿, and slal• wheihèi particular mattèrs hav• wmo io rny 8lt•nliirt ot lThd•p•nil•nt •X•mI￿r,$ gt•t•rn•*t My examinaiiortwas Glfiied out in ac¢ord8nc8 wilh g8n•r•l Dlrecilons glvan by the ChDdty Commi86ion. An axaminHilon InC￿deS a review ol the aCco￿￿TrY r6cord8 kopi by lh• thÈrily •nd a compad¥M ol Ihe oc£ouni$ pro58nied ￿th Ihoi• iecords. 113lJo iDdudai CODJklorat&)n olany unugu81118m8 or a1￿08U10I in lh8 8ccounlS. Ind se•king oxplan8lDns from Ihe Irusiee8 concernlng any such mjlleiy. The pmc8thJr8 underfalen do nol provldè all Iho widortca Ih•i would b* r•¢uir•d In In 8udbl, 8n¢J con8oqu8niiy no oplnlon givon 88 10 whtlh•r th¢ attounls pi850nl 8.lrw and folr. vkgw and ihe r¢port 1$ Ilmitsd to iho¥g rn•11• 5•1 oul In the 8ts1om•nl b810w. Ind•p•nd•nt •x*mlm•r'A *1*t•m•nt In conneclK)n wrth my •x8rn1n8llon. no m8iwi81 m8tt•rn haw com• 10 my •lt•nlor*wtrtch 9￿48$ me cauM Io h•ll•ve th81 In. any moierial r•ypecl'. . Ihe accounihy Tètorda w•r• not kepl In accordDnc• wllh 130 of tho Charltia8 Act. thè s¢coun15 dkl nol accord wilh Ihe 8¢counllng records.. oi . the Bccoun15 did nol Ujmply wllh Ihe ￿p￿le8b￿ f8QtilreTrwnl& coneernlng lh• Ivm •nd Conlwl ol o￿nIS sel oul in Ihe Ch•rilie8 IA¢¢ounls and Rèporfsl AtpuP8iions 2008 othBr than any 18quil8￿n¢ the 8ccounis glve 4 'liue 8nd lalr, vi•w whiGh15 nol a m•lt•r¢onsldoyod as part of an Ind•pènd•nl axamlmlknn. I hav• no L¥)ncèrns aThl hiv• wm8 wuos9 no olh•r mailer¥ In ￿n￿¢110n Yllh iha a*amlnbbon lo whi¢h Il•nlKJn should b8 drawn in Ihla 18porf in order lo onlbla & prap•r urtderxtsndin9 of Ihe accounw ￿ be r88ched. Simon• H Free(h4n (Chartered Tpx Adv18arl Tax Return Adviser Lld Nower End Nower Ro8d Dorkir9 Sur RH4 3BX Dalod. ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Statement of financial activities for the year ended 31 December 2022** |**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**|**2022**
**£**
45,934
100,220
(54,286)
106,147
38,636
3
67,546
2,189
900
4,932
1,082
3,313
270
65
118,936
(67,075)|**2021**
**£**
71,234
-| |---|---|---| |||71,234| |||97,973
49,335
21
74,327
2,448
-
1,676
1,490
-
362
29| |||129,688| |||| |||39,519| 5 THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Balan￿ Sheat as at 31 D8cember 2020 Nots$ 2022 2021 Fixed a88•ts Equipment, mathin&ry and motor vehicles Other flxed a&sets 812 2,800.677 2,801.489 1,082 2.8LK1,677 2,801.759 Currènt assets Othèr d•btors B8nkJbuilding S￿ety balen￿$ othgr ojrrent asBets an¢J prepayments 16,654 65,620 27,oe1 109,535 8,820 83,997 I￿2,548 Current li•blllll•s Loan5 and ovèrdrawn bank acrnunts 25,712 23,285 Nèt eurrnnt a•8ets 83,823 172,078 Loans du8 after moro thgn on& year 183,49)) 1104,9401 Nèto890ts 2,801822 Capltal account Balance at start of period Not IlossYprofi¢ 2,868.897 167.0751 2.829.378 39,519 The xcLJunts were approved by Ihg Tru5ts08 Qn....................... . Mr Freedman Trustee **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2022** ## **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. 7 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2022** |**2**
**Income and expenditure analysis**
**Income from charitable activities**
Sales, hall use and reimbursements
Membership subscriptions and donations
Other income
Interest
**Cost of sales**
Other direct costs
Donation of former loan to Israel Jewish Vegetarian Society
**Other business income**
Interest receivable
Charitable rental income
**Wages, salaries and other staff costs**
Wages and salaries
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
Agent's fees & repairs met through agent
Repairs, cleaning, gardening and maintenance
**Telephone, fax, stationery and other office costs**
Telephone and internet
Computer, printing, postage and stationery
Equipment expensed
Software
**Advertising and PR**
Advertising and PR
**Interest on bank and other loans**
Interest|**Unrestricted**
**funds**
**2022**
**£**
43,143
1,905
886
-
45,934
220
100,000
100,220
15
106,132
106,147
37,295
1,341
-
38,636
3
3
6,468
573
4,324
24,045
32,136
67,546
697
1,372
120
-
2,189
900
900
4,932
4,932|**Unrestricted**
**funds**
**2021**
**£**
33,968
4,685
32,581
-| |---|---|---| |||71,234| |||-
-| |||-| |||17
97,956| |||97,973| |||47,875
1,364
96| |||49,335| |||21| |||21| |||12,685
13,314
3,966
13,149
31,213| |||74,327| |||616
1,073
353
406| |||2,448| |||-| |||-
1,676| |||1,676| 8 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2022** |**Bank, credit card and other finance charges**
Bank charges
**Accountancy, legal and other professional fees**
Accountants fees
Legal and professional
Consultancy fees
**Depreciation and revaluation of fixed assets**
Depreciation
**Other charitable expenses**
Subscriptions|1,082
1,082
651
862
1,800
3,313
270
270
65
65|1,490| |---|---|---| |||1,490| |||-
-
-| |||-| |||362| |||362| |||29| |||29| 9 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Accounts** ## **for the year ended 31 December 2022** ## **3 Tangible fixed assets** |**Plant and**
**machinery**
**£**
**Cost**
At 1 January 2022
3,472
At 31 December 2022
3,472
**Depreciation (25% Reducing balance)**
At 1 January 2022
3,443
Charge for the year
7
At 31 December 2022
3,450
**Net book value**
At 31 December 2022
22
At 31 December 2021
29|**Fixtures**
**Fittings etc**
**£**
49,912
49,912
48,903
252
49,155
757
1,009|**Office**
**Equipment**
**£**
8,573
8,573
8,529
11
8,540
33
44|**Total**
**£**
61,957| |---|---|---|---| ||||61,957| ||||60,875
270| ||||61,145| ||||812| ||||1,082| |**4**
**Other fixed assets**
Premises
Cumulative renovation costs|**2022**
**£**
2,500,000
300,677
2,800,677|**2021**
**£**
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 2022. ## **5 Current Assets** Current assets included a loan provided to the Israel Jewish Vegetarian Society of £0 (2021: £100,000). The loan was written off during the year. ## **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. 10