Charity Registration No. 258581 THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 ## **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 2023. 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. 2 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Trustees' report** The Trustees present their report and accounts for the year ended 31 December 2023. ## **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 £123,262 (2022: £106,147) and generated income from its other charitable activities of £44,337 (2022: £45,934). ## **Financial Review** The Jewish Vegetarian and Ecological Society has maintained its healthy financial position with closing fund balances totalling £2,874,870 (2022: £2,801,822). 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 2023 reached £123,262 (2022,: £106,132) with £43,920 (2022: £51,992) expended for rental purposes. The total unrestricted income from hall use and other functions in 2023 reached £42,456 (2022: £43,143) with £22,844 (2022: £15,554) expended for these purposes. This year saw other income total £856 (2022: £886), and income from investments total £140 (2022: £15). ## **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. 3 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Trustees' report** The Trustees present their report and accounts for the year ended 31 December 2023. ## **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 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 A Freedman.._ Mr M Freedman Treasurer Dated: .fourteen oct twenty four 4 THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY I rèport on the aceounts ol the charlty for the year ended 31 December 2023. which are set oui on the loJlowin9 pago$. Respectlve respon¥lbllltl¢$ of tru$t•o9 and gx?mln*r The charivs trustees are responsible lor Ihe preparnlion of the accounts in accordance with the Chawlties Act 20111.ihe Act'l. The charity's trustees consider that an audit18 nol required for thls year under secknon 144 of Ihe Act arKI Ihal an ind8P8ndenl examination is needed. 11 Is my r•sponslblllty to.. x8mln• th8 accounls under seclton 145 ol lh8 Charlll•6 Act, lo lollow the 8ppllcabl8 Dtrecllons g￿en by the Charfty comm￿s1on luThJer sectlon 14515llbl of tho Acl, and lo stale whelh8r part1￿}￿r mallers havo come to my attIn￿on 8a•ls ot Indepèndent •x•mln•rf8 •tat•m•nt IAY examlnatlon was carrSed out In accordance ￿th general Dlrecllon5 gfven by the Charfty Corrm18sbn. An examinatton Includes a review ol the accounlino Tecord6 kept by the charity and a cornparf60n ol th8 ccounts presented with those records. 11 also Includ￿ ￿nSIderatIOn ol any unusual Ilem8 or dIscl￿￿re¥ In th8 accounls, and ¥eeking explanations from tho Iru$t¢gs concamlng any such maller8. The pr¢¢8dur88 und8rtaken do nol provide all the evl(Jence that would be r8qulr8d in an audlt, and consequenlly no opinitin Is olvan 86 to wh8lh8r the accounls pr880nl a'tNe and falr, vlew and the r•port 1$ linlled to Ihos? matter8 set OLtI in Iha slal6m8nl b810w. dop•ndenl •x*mln•rf• •tot•m•nl In connection my txaminatlon, m•t•rfal matt•rn hw• ¢om• to my attOn￿on whlch 9￿¥• m• ￿U$l to belleve Ihal In, any mat8¥ial r8SPèCt- + the accounting wcords werg not kept in a¢¢ord8ne• wlth seeilon 130 01 th• Ch•rflle$ A¢l.' or • tho Atcounls nol accord wlth th• aeeountlng r8cords', or • Iha accounts dKI nol eomply with thtr appllcable requlram8nl8 concemlng th• lomi and content of ¢counl$ set out in th• Charltias (Accounts and Reports) Regulatlons 2008 olher than any reqUIren￿nI Ihal the accounts giv8 a'tru8 and falrf vl8w whlch Is nol a matter consid•rad as part 01 on Independenl •xamlnation. I h8v* no concems and have come across no olhar mattars In connection vAth Ihe axarnlnation to whlch 8ttention should b• drawn In Ihls report In ordei to enable a proper und•rstandlng of the Account8 lo be r•aeh•d. Sirnone H Freedman (Chatsred Tax Advlserl Tax Retum Adviser Ltd Nowèr End Now•r Road Dorking Surfey RH4 3BX Oatéd.. ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Statement of financial activities for the year ended 31 December 2023** |**Charitable Activities**
Cost of charitable activities
**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**|**2023**
**£**
45,193
3,390
41,803
123,402
16,701
188
63,374
3,329
-
5,317
429
1,826
766
227
92,157
73,048|**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)| 5 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Balance Sheet** ## **as at 31 December 2023** |**Notes**
**Fixed assets**
Equipment, machinery, fixtures and fittings
3
Other fixed assets
4
**Current assets**
Other debtors
Bank/building society balances
Other current assets and prepayments
**Current liabilities**
Loans and overdrawn bank accounts
5
Trade creditors, other liabilities and accruals
**Net current assets**
Loans due after more than one year
**Net assets**
**Capital account**
Balance at start of period
Net profit/(loss)|23,301
101,190
28,187|**2023**
**£**
2,300
2,800,677
2,802,977
129,157
(57,264)
2,874,870
2,801,822
73,048
2,874,870|16,854
65,620
27,061|**2022**
**£**
812
2,800,677| |---|---|---|---|---| |||||2,801,489
83,823
(83,490)| ||152,678||109,535|| ||21,600
1,921||21,664
4,048|| ||23,521||25,712|| |||||| |||||2,801,822| |||||2,868,897
(67,075)| |||||2,801,822| The accounts were approved by the Trustees on .Fourteenth October Twenty Twenty Four .. _Michael Freedman_ ............................ Mr M Freedman Trustee **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2023** ## **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** ## **2** 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 2023** |**2**
**Income and expenditure analysis**
**Income from charitable activities**
Sales, hall use and reimbursements
Membership subscriptions and donations
Other income
**Direct costs for charitable activities**
Event costs
Donation of former loan to Israel Jewish Vegetarian Society
**Other charitable income**
Charitable rental income
**Wages, salaries and other staff costs**
Wages and salaries
Employer's NI
**Car, van and travel expenses**
Travel and subsistence
**Charitable letting costs incurred**
Rates
Light and heat
Property insurance
Repairs met through agent
Agent fees
Repairs, cleaning, gardening and maintenance
**Telephone, fax, stationery and other office costs**
Telephone and internet
Computer, printing, postage and stationery
Equipment expensed
**Advertising and PR**
Advertising and PR|**Unrestricted**
**funds**
**2023**
**£**
42,456
1,881
856
45,193
3,390
-
3,390
123,262
123,402
16,701
-
16,701
188
188
4,595
7,911
4,359
14,432
6,080
25,997
63,374
798
2,531
-
3,329
-
-|**Unrestricted**
**funds**
**2022**
**£**
43,143
1,905
886| |---|---|---| |||45,934| |||220
100,000| |||100,220| |||106,132| |||106,147| |||37,295
1,341| |||38,636
3| |||3| |||6,468
573
4,324
18,606
5,439
32,136| |||67,546| |||697
1,372
120| |||2,189| |||900| |||900| 8 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2023** |**Interest on bank and other loans**
Interest
**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
Charitable donations|5,317
5,317
429
429
488
588
750
1,826
766
766
27
200
227|4,932| |---|---|---| |||4,932| |||1,082| |||1,082| |||651
862
1,800| |||3,313| |||270| |||270| |||65
-| |||65| 9 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Accounts** ## **for the year ended 31 December 2023** ## **3 Tangible fixed assets** |**Plant and**
**machinery**
**£**
**Cost**
At 1 January 2023
3,472
Additions
2,254
At 31 December 2023
5,726
**Depreciation (25% Reducing balance)**
At 1 January 2023
3,450
Charge for the year
569
At 31 December 2023
4,019
**Net book value**
At 31 December 2023
1,707
At 31 December 2022
22|**Fixtures**
**Fittings etc**
**£**
49,912
-
49,912
49,155
189
49,344
568
757|**Office**
**Equipment**
**£**
8,573
-
8,573
8,540
8
8,548
25
33|**Total**
**£**
61,957
2,254| |---|---|---|---| ||||64,211| ||||61,145
766| ||||61,911| ||||2,300| ||||812| ## **4 Other fixed assets** |**Other fixed assets**||| |---|---|---| |Premises
Cumulative renovation costs|**2023**
**£**
2,500,000
300,677
2,800,677|**2022**
**£**
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 2023. ## **5 Current and longer term liabilities** The Society continues to repay a mortgage over 10 years from Santander. These funds were used to renovate the hall. 10