Charity Registration No. 258581 THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Business Information** ## **Trustees** Mr M A Freedman (Treasurer) Mr D J Jacobs 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 2024. 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/veganism. 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/veganism. 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. They also hold Friday Night Dinners and sponsor a gardening group. 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 2024. ## **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 £123,443 (2023: £123,262) and generated income from its other charitable activities of £35,670 (2023: £45,193). ## **Financial Review** The Jewish Vegetarian and Ecological Society has maintained its healthy financial position with closing fund balances totalling £2,919,581 (2023: £2,874,870). 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 2024 reached £123,443 (2023,: £123,262) with £43,848 (2023: £43,920) expended for rental purposes. The total unrestricted income from hall use and other functions in 2024 reached £33,786 (2023: £42,456) with £16,301 (2022: £22,844) expended for these purposes. This year saw other income total £796 (2023: £856), and income from investments total £636 (2023: £140). ## **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 Trust•￿. r•port The Trustees presert their report and account5 the yEar ended 31 Deeember 2024. Stru¢tsJr•, gov•m•n¢e and managgm•nt The charity is governed by its Governing d¢Kumont adopted 25th March 1969. Thè eharity's r*ron¢g and administrats.ve details are as set out within Ihes8 acto￿t$. The Tnjslees who served during the yearwse". r M Freedman Mr D J Jxobs Mr K 8 Sefion Non¢ of th& Trustses has any benefiaal interest in Ih? d￿rity. Al ol th8 Trustees are member5 01 the u)mpany and gu8rantw to ￿ntrIbute £1 in the event ot a WSKling up. Trust••s InduGtlon #nd tr*lnlng New truste9$ are made aware of the struthre ofthe charity w)lormed of the tharty's ffinancial position. Any newtrustee5 would be futy briefed and trèined by the exi8tsng (ommrttee and aware of their reSpOn￿bil￿e$. The frusttts, report wa5 approved by the Board of Trustees. Mr M Freedman Treasurar Dated.. Xi, IQ. z5 THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIErY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE JEWISH VEGEfARIAN AND ECOLOGICAL SOCIErY I reF•)rt on th• accounts of the charity fcw ￿ year erthd 31 Oetemb8r 2024. whith 8re sat out on the follo*irrfJ pages. R*S￿ell¥0 r•sponsibilities of trustees and •xamln•r Th* ch8ritVs trustees are responsible fof the weparats"￿ ofth• •o)wnts in a¢ttydance *ith the Charities Act 2011 ftr* A¢n. The th8rity$ truslees consider that an rot required i)r Ihis 144 of the fv£l ar that an indep￿1 wmination is ne8d8d. It is my res￿nsIbl1ty to.. exarnine the aceA)unts under seclitin 145 crfth• CharitM kl to follow tho appllcable Directions &iven ty ihe Charity Commi5wn lurKler 3edb)n 1451Sllbl of ihe Act, and to s18te %thelhsr particular matters ccrfne to my •tt•rtion Basls of Ind•pandent examlnerfs statement My examination was Car￿ out in acCOrdar￿ ger￿1 Direci1￿ gNen by the Charity Commission. An examinalion ir￿lUdeS a review of the 8CCOLtnting re(xKds kept by the charity aThJ a compari50n of t accounts presanted 7•rith Ihos8 reco￿. tt also indudes conwdèration of any unusual items ordisdosures in the accounts, and seeking exp￿n8￿￿)$ from Ihe trLLStees COr￿nIng any SLwth matters. The procedurtss undertaken do not pThide all Ihe eVKIen￿ th#t woukl be requit in an atyjit, and cOnsequen￿Y no opinion is gNen as to *thelher the Frf#8ent a afKJ f•rf vi*w and the report 15 limited to those mattets ¥et OLrt in tha statement b•lcMt. Ind#pend•nt •xamin•rfs statemert In cOnr￿tIon vrith my sxaminalb)n. material matters have C{￿ to rny attenlion vthith me cause to believe that in. any material respect.. . the accounbng record5 wer• not kepl In aCCordar￿ with sed￿n 130 d Ihe Charrties Ad". or • lh$ 8¢¢ounts dhl Mt accord wilh the accounting reco￿$". or . the accaunts did rwjt compty wth the applicable ￿qUirements cor￿mIng the lom and c(Jntenl of accounts Set out in the Charib"•s (Aecounts aThJ Rep)rtsl R￿Ula1￿ 2008 other than 8ny requirement that the accounts gNe a aThS tsi¢ view wl*h is rMA o matter Consi￿ as part ofan I￿lepOrt￿tn1 examination. I have no concems and ha￿ come ￿OsS no oiher matters in with ths •x2rrwMlion lo vth¢th attsntion sh)uld be dra¥*Tr in Ihi5 rewt in order to enab￿ a proper U￿terS13ndINj of Ihe ac1x￿ts to be Slmone H Freedman (Chartered Tax Ad¥i8er) Tax Retum Adviser Ltd Nower End Nower Road Dorking Surrey RH4 3BX 111101202 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Statement of financial activities for the year ended 31 December 2024** |**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
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**|**2024**
**£**
35,670
1,454
34,216
124,079
23,824
62
60,149
3,700
4,851
237
1,116
613
-
94,552
63,743|**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| 5 THE JEWISH V£GETARIAN AND ECOLOGICAL SOCIETY Bal•n¢• Sh••t 4s at 31 D•a•mb•i 2024 2024 2023 Fix•d as9•ts Equipment, mathinery, fixtures and flttiros Other fixed assets 3,613 2,￿,677 2,804,290 2,800,877 2,8D2,977 Curr•nt ass•ts Other debtors Bankjbuildina soc49ty balan￿5 Other ujrrent assets pryyments 32,791 138,434 28,648 199,873 23,301 901,19) 28,187 152,678 Curr•nt Il*bllltl•s Loans and overdrawn bsnk accounts Trade ¢Thlitors, Oth￿ liabilities accnMIs 21,6LYJ 4,582 26,182 21.800 1,921 23,521 N•t ourr•nt *ss•ts 173,691 129,157 Loans dug aftèr mor• than one year {58,4cpJI 157.2641 N•t a5s•ts 2,919.581 2,874.870 Capital a¢¢ount Balan￿ at st8rt of pericmj Net Profit PY C¢yredth to loan cap 2,874,870 63,743 {19,032) 2,919,581 2.801,822 73.048 2.874 870 The a￿OUnts wer¢ w>prov&J by the Trusts&S LY) .. .. ........ .. Mr M Freedman Tr¢Jstee ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2024** ## **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 £. 7 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2024** |**2**
**Income from charitable activities**
Sales, hall use and reimbursements
Membership subscriptions and donations
Charitable rental income
Other income
**Direct costs for charitable activities**
Purchases
Event costs
**Other business income**
Interest receivable
Charitable rental income
**Wages, salaries and other staff costs**
Wages and salaries
Pensions
Temps and recruitment
**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|**£**
33,786
1,088
-
796
35,670
424
1,030
1,454
636
123,443
124,079
19,378
35
4,411
23,824
62
62
6,316
8,717
4,441
1,570
6,223
32,882
60,149
983
2,717
3,700|**£**
42,456
1,881
-
856| |---|---|---| |||45,193| |||-
3,390| |||3,390| |||140
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| 8 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Financial Statements for the year ended 31 December 2024** |**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|4,851
4,851
237
237
581
535
-
1,116
613
613
-
-
-|5,317| |---|---|---| |||5,317| |||429| |||429| |||488
588
750| |||1,826| |||766| |||766| |||27
200| |||227| 9 ## **THE JEWISH VEGETARIAN AND ECOLOGICAL SOCIETY Notes to the Accounts** **for the year ended 31 December 2024** ## **3 Tangible fixed assets** |**Cost**
At 1 January 2024
Additions
At 31 December 2024
**Depreciation (25% Reducing balance)**
At 1 January 2024
Charge for the year
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023
**4**
**Other fixed assets**
Premises
Cumulative renovation costs|**2024**
**£**
2,500,000
300,677
2,800,677|**Fixtures &**
**Fittings etc.**
**£**
64,211
1,926| |---|---|---| |||66,137| |||61,911
613| |||62,524| |||3,613| |||2,300| |||**2023**
**£**
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 stated valuation to be a fair reflection of the investment properties at 31 December 2024. ## **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